PennCrest Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by PennCrest Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 238990 | All Other Specialty Trade Contractors | 1 | $85K | $85K | 25.0% |
| 812910 | Pet Care (except Veterinary) Services | 1 | $55K | $55K | 25.0% |
Geographic Distribution
SBA lending activity for PennCrest Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Pennsylvania (PA) | 4 | $323K | 100.0% |
Why Choose PennCrest Bank?
Based on SBA 7(a) lending track record from 2002-2006
- ✓Proven Track Record: 4 SBA loans approved, totaling $323K in financing
- ✓Industry Expertise: Specialized focus on All Other Specialty Trade Contractors, Pet Care (except Veterinary) Services
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 165 months
- ✓Loan Range: Loan sizes from $55K to $128K, with an average of $81K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in PA
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about PennCrest Bank SBA lending
What types of businesses does PennCrest Bank typically finance?
PennCrest Bank specializes in SBA 7(a) lending to specific industries including all other specialty trade contractors, pet care (except veterinary) services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are PennCrest Bank's typical SBA loan terms?
PennCrest Bank's SBA 7(a) loans typically feature an average interest rate of — and average term length of 165 months (approximately 14 years). Loan sizes range from $55K to $128K, with an average loan size of $81K.
Do I need a business valuation for a PennCrest Bank SBA loan?
Yes, PennCrest Bank typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does PennCrest Bank compare to other SBA lenders?
PennCrest Bank has originated 4 SBA loans totaling $323K since 2002. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does PennCrest Bank lend in?
PennCrest Bank provides SBA 7(a) financing with particularly strong presence in PA. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
Explore Industry Reports →Need a Business Valuation?
Certified valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.