Renaissance Economic Development Corporation
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Renaissance Economic Development Corporation
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 611610 | Fine Arts Schools | 8 | $600K | $75K | 100.0% |
Geographic Distribution
SBA lending activity for Renaissance Economic Development Corporation by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New York (NY) | 8 | $600K | 100.0% |
Why Choose Renaissance Economic Development Corporation?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 8 SBA loans approved, totaling $600K in financing
- ✓Industry Expertise: Specialized focus on Fine Arts Schools
- ✓Competitive Terms: Average interest rate of 7.00% with flexible term lengths averaging 60 months
- ✓Loan Range: Loan sizes from $75K to $75K, with an average of $75K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in 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 Renaissance Economic Development Corporation SBA lending
What types of businesses does Renaissance Economic Development Corporation typically finance?
Renaissance Economic Development Corporation specializes in SBA 7(a) lending to specific industries including fine arts schools. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Renaissance Economic Development Corporation's typical SBA loan terms?
Renaissance Economic Development Corporation's SBA 7(a) loans typically feature an average interest rate of 7.00% and average term length of 60 months (approximately 5 years). Loan sizes range from $75K to $75K, with an average loan size of $75K.
Do I need a business valuation for a Renaissance Economic Development Corporation SBA loan?
Yes, Renaissance Economic Development Corporation 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 Renaissance Economic Development Corporation compare to other SBA lenders?
Renaissance Economic Development Corporation has originated 8 SBA loans totaling $600K 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 Renaissance Economic Development Corporation lend in?
Renaissance Economic Development Corporation provides SBA 7(a) financing with particularly strong presence in NY. 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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