Provident Bank of Maryland
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Provident Bank of Maryland · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 541940 | Veterinary Services | 2 | $288K | $144K | 8.7% |
| 541511 | Custom Computer Programming Services | 1 | $200K | $200K | 4.3% |
| 621210 | Offices of Dentists | 1 | $198K | $198K | 4.3% |
| 561720 | Janitorial Services | 1 | $500K | $500K | 4.3% |
| 541512 | Computer Systems Design Services | 1 | $418K | $418K | 4.3% |
| 541330 | Engineering Services | 1 | $150K | $150K | 4.3% |
| 541519 | Other Computer Related Services | 1 | $600K | $600K | 4.3% |
| 811111 | General Automotive Repair | 1 | $300K | $300K | 4.3% |
Geographic Distribution
SBA lending activity for Provident Bank of Maryland by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Maryland (MD) | 19 | $3.8M | 82.6% |
| Virginia (VA) | 3 | $650K | 13.0% |
| District of Columbia (DC) | 1 | $205K | 4.3% |
Why Choose Provident Bank of Maryland?
Based on SBA 7(a) lending track record from 1995-2004
- ✓Proven Track Record: 23 SBA loans approved, totaling $4.6M in financing
- ✓Industry Expertise: Specialized focus on Veterinary Services, Custom Computer Programming Services, Offices of Dentists
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 70 months
- ✓Loan Range: Loan sizes from $40K to $600K, with an average of $201K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in MD, VA, DC
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 Provident Bank of Maryland SBA lending
What types of businesses does Provident Bank of Maryland typically finance?
Provident Bank of Maryland specializes in SBA 7(a) lending to specific industries including veterinary services, custom computer programming services, offices of dentists, janitorial services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Provident Bank of Maryland's typical SBA loan terms?
Provident Bank of Maryland's SBA 7(a) loans typically feature an average interest rate of — and average term length of 70 months (approximately 6 years). Loan sizes range from $40K to $600K, with an average loan size of $201K.
Do I need a business valuation for a Provident Bank of Maryland SBA loan?
Yes, Provident Bank of Maryland 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 Provident Bank of Maryland compare to other SBA lenders?
Provident Bank of Maryland has originated 23 SBA loans totaling $4.6M since 1995. 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 Provident Bank of Maryland lend in?
Provident Bank of Maryland provides SBA 7(a) financing with particularly strong presence in MD, VA, DC. 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.
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