S & T Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by S & T Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 15 | $4.4M | $293K | 3.4% |
| 722513 | Limited-Service Restaurants | 7 | $2.7M | $382K | 1.6% |
| 621310 | Offices of Chiropractors | 6 | $447K | $75K | 1.4% |
| 335314 | Relay and Industrial Control Manufacturing | 5 | $563K | $113K | 1.1% |
| 812112 | Beauty Salons | 5 | $561K | $112K | 1.1% |
| 621210 | Offices of Dentists | 4 | $2.7M | $665K | 0.9% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 4 | $766K | $191K | 0.9% |
| 722410 | Drinking Places (Alcoholic Beverages) | 4 | $747K | $187K | 0.9% |
| 321999 | All Other Miscellaneous Wood Product Manufacturing | 4 | $209K | $52K | 0.9% |
| 624410 | Child Care Services | 4 | $471K | $118K | 0.9% |
Geographic Distribution
SBA lending activity for S & T Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Pennsylvania (PA) | 435 | $87.0M | 98.2% |
| New Jersey (NJ) | 6 | $3.5M | 1.4% |
| Nevada (NV) | 1 | $150K | 0.2% |
| Minnesota (MN) | 1 | $122K | 0.2% |
Why Choose S & T Bank?
Based on SBA 7(a) lending track record from 1991-2020
- ✓Proven Track Record: 443 SBA loans approved, totaling $90.8M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Limited-Service Restaurants, Offices of Chiropractors
- ✓Competitive Terms: Average interest rate of 5.66% with flexible term lengths averaging 86 months
- ✓Loan Range: Loan sizes from $3K to $4.4M, with an average of $205K
- ✓Nationwide Reach: Active lending in 4 states, with strong presence in PA, NJ, MN
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 S & T Bank SBA lending
What types of businesses does S & T Bank typically finance?
S & T Bank specializes in SBA 7(a) lending to specific industries including full-service restaurants, limited-service restaurants, offices of chiropractors, relay and industrial control manufacturing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are S & T Bank's typical SBA loan terms?
S & T Bank's SBA 7(a) loans typically feature an average interest rate of 5.66% and average term length of 86 months (approximately 7 years). Loan sizes range from $3K to $4.4M, with an average loan size of $205K.
Do I need a business valuation for a S & T Bank SBA loan?
Yes, S & T 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 S & T Bank compare to other SBA lenders?
S & T Bank has originated 443 SBA loans totaling $90.8M since 1991. 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 S & T Bank lend in?
S & T Bank provides SBA 7(a) financing with particularly strong presence in PA, NJ, MN, NV. 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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