Rondout Savings Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Rondout Savings Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811121 | Automotive Body, Paint, and Interior Repair and Maintenance | 1 | $35K | $35K | 9.1% |
| 541519 | Other Computer Related Services | 1 | $100K | $100K | 9.1% |
| 238990 | All Other Specialty Trade Contractors | 1 | $70K | $70K | 9.1% |
| 713990 | All Other Amusement and Recreation Industries | 1 | $350K | $350K | 9.1% |
| 312120 | Breweries | 1 | $100K | $100K | 9.1% |
| 531120 | Lessors of Nonresidential Buildings (except Miniwarehouses) | 1 | $138K | $138K | 9.1% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 1 | $24K | $24K | 9.1% |
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 1 | $175K | $175K | 9.1% |
Geographic Distribution
SBA lending activity for Rondout Savings Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New York (NY) | 11 | $1.3M | 100.0% |
Why Choose Rondout Savings Bank?
Based on SBA 7(a) lending track record from 2002-2020
- ✓Proven Track Record: 11 SBA loans approved, totaling $1.3M in financing
- ✓Industry Expertise: Specialized focus on Automotive Body, Paint, and Interior Repair and Maintenance, Other Computer Related Services, All Other Specialty Trade Contractors
- ✓Competitive Terms: Average interest rate of 6.54% with flexible term lengths averaging 97 months
- ✓Loan Range: Loan sizes from $24K to $350K, with an average of $116K
- ✓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 Rondout Savings Bank SBA lending
What types of businesses does Rondout Savings Bank typically finance?
Rondout Savings Bank specializes in SBA 7(a) lending to specific industries including automotive body, paint, and interior repair and maintenance, other computer related services, all other specialty trade contractors, all other amusement and recreation industries. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Rondout Savings Bank's typical SBA loan terms?
Rondout Savings Bank's SBA 7(a) loans typically feature an average interest rate of 6.54% and average term length of 97 months (approximately 8 years). Loan sizes range from $24K to $350K, with an average loan size of $116K.
Do I need a business valuation for a Rondout Savings Bank SBA loan?
Yes, Rondout Savings 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 Rondout Savings Bank compare to other SBA lenders?
Rondout Savings Bank has originated 11 SBA loans totaling $1.3M since 2002. 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 Rondout Savings Bank lend in?
Rondout Savings Bank 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.
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?
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