Queensborough National Bank and Trust Company
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Queensborough National Bank and Trust Company · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 13 | $4.0M | $306K | 5.5% |
| 624410 | Child Care Services | 7 | $1.3M | $191K | 3.0% |
| 492110 | Couriers and Express Delivery Services | 7 | $4.8M | $679K | 3.0% |
| 713990 | All Other Amusement and Recreation Industries | 6 | $1.3M | $214K | 2.6% |
| 721110 | Hotels (except Casino Hotels) and Motels | 6 | $3.4M | $563K | 2.6% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 6 | $1.1M | $191K | 2.6% |
| 524210 | Insurance Agencies and Brokerages | 4 | $453K | $113K | 1.7% |
| 713940 | Fitness and Recreational Sports Centers | 4 | $394K | $98K | 1.7% |
| 812112 | Beauty Salons | 4 | $204K | $51K | 1.7% |
| 484220 | Specialized Freight (except Used Goods) Trucking, Local | 4 | $85K | $21K | 1.7% |
Geographic Distribution
SBA lending activity for Queensborough National Bank and Trust Company by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Georgia (GA) | 221 | $64.7M | 94.0% |
| South Carolina (SC) | 14 | $2.4M | 6.0% |
Why Choose Queensborough National Bank and Trust Company?
Based on SBA 7(a) lending track record from 1995-2023
- ✓Proven Track Record: 235 SBA loans approved, totaling $67.1M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Child Care Services, Couriers and Express Delivery Services
- ✓Competitive Terms: Average interest rate of 6.10% with flexible term lengths averaging 101 months
- ✓Loan Range: Loan sizes from $10K to $4.6M, with an average of $285K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in GA, SC
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 Queensborough National Bank and Trust Company SBA lending
What types of businesses does Queensborough National Bank and Trust Company typically finance?
Queensborough National Bank and Trust Company specializes in SBA 7(a) lending to specific industries including full-service restaurants, child care services, couriers and express delivery services, all other amusement and recreation industries. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Queensborough National Bank and Trust Company's typical SBA loan terms?
Queensborough National Bank and Trust Company's SBA 7(a) loans typically feature an average interest rate of 6.10% and average term length of 101 months (approximately 8 years). Loan sizes range from $10K to $4.6M, with an average loan size of $285K.
Do I need a business valuation for a Queensborough National Bank and Trust Company SBA loan?
Yes, Queensborough National Bank and Trust Company 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 Queensborough National Bank and Trust Company compare to other SBA lenders?
Queensborough National Bank and Trust Company has originated 235 SBA loans totaling $67.1M 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 Queensborough National Bank and Trust Company lend in?
Queensborough National Bank and Trust Company provides SBA 7(a) financing with particularly strong presence in GA, SC. 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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