People's United Bank, National Association
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by People's United Bank, National Association · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812112 | Beauty Salons | 7 | $308K | $44K | 1.9% |
| 561730 | Landscaping Services | 5 | $739K | $148K | 1.3% |
| 624410 | Child Care Services | 5 | $307K | $61K | 1.3% |
| 485410 | School and Employee Bus Transportation | 4 | $2.1M | $513K | 1.1% |
| 333515 | Cutting Tool and Machine Tool Accessory Manufacturing | 4 | $183K | $46K | 1.1% |
| 541110 | Offices of Lawyers | 4 | $265K | $66K | 1.1% |
| 621210 | Offices of Dentists | 4 | $1.1M | $263K | 1.1% |
| 484110 | General Freight Trucking, Local | 4 | $287K | $72K | 1.1% |
| 811192 | Car Washes | 4 | $269K | $67K | 1.1% |
| 713940 | Fitness and Recreational Sports Centers | 4 | $265K | $66K | 1.1% |
Geographic Distribution
SBA lending activity for People's United Bank, National Association by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Massachusetts (MA) | 298 | $35.8M | 80.1% |
| Connecticut (CT) | 47 | $5.0M | 12.6% |
| New Hampshire (NH) | 15 | $1.7M | 4.0% |
| New York (NY) | 2 | $528K | 0.5% |
| Florida (FL) | 2 | $450K | 0.5% |
| Maine (ME) | 4 | $221K | 1.1% |
| Pennsylvania (PA) | 1 | $115K | 0.3% |
| Ohio (OH) | 1 | $40K | 0.3% |
| Vermont (VT) | 2 | $31K | 0.5% |
Why Choose People's United Bank, National Association?
Based on SBA 7(a) lending track record from 1991-2009
- ✓Proven Track Record: 372 SBA loans approved, totaling $43.9M in financing
- ✓Industry Expertise: Specialized focus on Beauty Salons, Landscaping Services, Child Care Services
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 83 months
- ✓Loan Range: Loan sizes from $5K to $1.1M, with an average of $118K
- ✓Nationwide Reach: Active lending in 9 states, with strong presence in MA, CT, NH
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 People's United Bank, National Association SBA lending
What types of businesses does People's United Bank, National Association typically finance?
People's United Bank, National Association specializes in SBA 7(a) lending to specific industries including beauty salons, landscaping services, child care services, school and employee bus transportation. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are People's United Bank, National Association's typical SBA loan terms?
People's United Bank, National Association's SBA 7(a) loans typically feature an average interest rate of — and average term length of 83 months (approximately 7 years). Loan sizes range from $5K to $1.1M, with an average loan size of $118K.
Do I need a business valuation for a People's United Bank, National Association SBA loan?
Yes, People's United Bank, National Association 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 People's United Bank, National Association compare to other SBA lenders?
People's United Bank, National Association has originated 372 SBA loans totaling $43.9M since 1991. 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 People's United Bank, National Association lend in?
People's United Bank, National Association provides SBA 7(a) financing with particularly strong presence in MA, CT, NH, ME, VT. 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.
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Certified valuations are often required for SBA loans over $250,000.
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