Quaint Oak Bank
SBA 7(a) Lending Profile · FY 2023 analysis
Industry Focus
Top industries served by Quaint Oak Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722515 | Snack and Nonalcoholic Beverage Bars | 152 | $80.8M | $532K | 12.9% |
| 722513 | Limited-Service Restaurants | 104 | $36.3M | $349K | 8.8% |
| 713940 | Fitness and Recreational Sports Centers | 88 | $67.9M | $772K | 7.5% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 48 | $27.9M | $582K | 4.1% |
| 713990 | All Other Amusement and Recreation Industries | 40 | $19.6M | $489K | 3.4% |
| 811111 | General Automotive Repair | 40 | $10.5M | $262K | 3.4% |
| 722511 | Full-Service Restaurants | 32 | $53.9M | $1.7M | 2.7% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 24 | $6.8M | $283K | 2.0% |
| 312120 | Breweries | 24 | $21.8M | $907K | 2.0% |
| 561730 | Landscaping Services | 24 | $40.4M | $1.7M | 2.0% |
Geographic Distribution
SBA lending activity for Quaint Oak Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Pennsylvania (PA) | 528 | $371.9M | 44.9% |
| New Jersey (NJ) | 128 | $98.0M | 10.9% |
| New York (NY) | 88 | $54.3M | 7.5% |
| Georgia (GA) | 40 | $48.4M | 3.4% |
| Virginia (VA) | 72 | $32.8M | 6.1% |
| North Carolina (NC) | 48 | $29.9M | 4.1% |
| Texas (TX) | 64 | $29.8M | 5.4% |
| Florida (FL) | 40 | $22.5M | 3.4% |
| Ohio (OH) | 32 | $17.2M | 2.7% |
| South Carolina (SC) | 24 | $15.6M | 2.0% |
| California (CA) | 24 | $11.8M | 2.0% |
| Tennessee (TN) | 16 | $7.8M | 1.4% |
| Delaware (DE) | 16 | $7.6M | 1.4% |
| Illinois (IL) | 8 | $4.8M | 0.7% |
| Washington (WA) | 8 | $4.4M | 0.7% |
| Minnesota (MN) | 8 | $3.9M | 0.7% |
| Maryland (MD) | 8 | $3.5M | 0.7% |
| Nevada (NV) | 8 | $3.0M | 0.7% |
| Arizona (AZ) | 8 | $2.6M | 0.7% |
| Wisconsin (WI) | 8 | $2.4M | 0.7% |
Why Choose Quaint Oak Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 1,176 SBA loans approved, totaling $772.3M in financing
- ✓Industry Expertise: Specialized focus on Snack and Nonalcoholic Beverage Bars, Limited-Service Restaurants, Fitness and Recreational Sports Centers
- ✓Competitive Terms: Average interest rate of 8.77% with flexible term lengths averaging 142 months
- ✓Loan Range: Loan sizes from $50K to $4.8M, with an average of $657K
- ✓Nationwide Reach: Active lending in 20 states, with strong presence in PA, NJ, NY
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 Quaint Oak Bank SBA lending
What types of businesses does Quaint Oak Bank typically finance?
Quaint Oak Bank specializes in SBA 7(a) lending to specific industries including snack and nonalcoholic beverage bars, limited-service restaurants, fitness and recreational sports centers, offices of physicians (except mental health specialists). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Quaint Oak Bank's typical SBA loan terms?
Quaint Oak Bank's SBA 7(a) loans typically feature an average interest rate of 8.77% and average term length of 142 months (approximately 12 years). Loan sizes range from $50K to $4.8M, with an average loan size of $657K.
Do I need a business valuation for a Quaint Oak Bank SBA loan?
Yes, Quaint Oak 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 Quaint Oak Bank compare to other SBA lenders?
Quaint Oak Bank has originated 1,176 SBA loans totaling $772.3M since 2020. 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 Quaint Oak Bank lend in?
Quaint Oak Bank provides SBA 7(a) financing with particularly strong presence in PA, NJ, NY, VA, TX. 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.
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