Sandy Spring Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Sandy Spring Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 541512 | Computer Systems Design Services | 2 | $1.0M | $500K | 8.7% |
| 621512 | Diagnostic Imaging Centers | 1 | $150K | $150K | 4.3% |
| 541511 | Custom Computer Programming Services | 1 | $100K | $100K | 4.3% |
| 621210 | Offices of Dentists | 1 | $100K | $100K | 4.3% |
| 441120 | Used Car Dealers | 1 | $50K | $50K | 4.3% |
| 332322 | Sheet Metal Work Manufacturing | 1 | $400K | $400K | 4.3% |
| 624410 | Child Care Services | 1 | $45K | $45K | 4.3% |
| 811111 | General Automotive Repair | 1 | $833K | $833K | 4.3% |
Geographic Distribution
SBA lending activity for Sandy Spring Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Maryland (MD) | 12 | $2.7M | 52.2% |
| Virginia (VA) | 7 | $1.0M | 30.4% |
| District of Columbia (DC) | 4 | $311K | 17.4% |
Why Choose Sandy Spring Bank?
Based on SBA 7(a) lending track record from 1993-2006
- ✓Proven Track Record: 23 SBA loans approved, totaling $4.0M in financing
- ✓Industry Expertise: Specialized focus on Computer Systems Design Services, Diagnostic Imaging Centers, Custom Computer Programming Services
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 71 months
- ✓Loan Range: Loan sizes from $25K to $833K, with an average of $173K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in MD, VA, DC
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 Sandy Spring Bank SBA lending
What types of businesses does Sandy Spring Bank typically finance?
Sandy Spring Bank specializes in SBA 7(a) lending to specific industries including computer systems design services, diagnostic imaging centers, custom computer programming services, offices of dentists. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Sandy Spring Bank's typical SBA loan terms?
Sandy Spring Bank's SBA 7(a) loans typically feature an average interest rate of — and average term length of 71 months (approximately 6 years). Loan sizes range from $25K to $833K, with an average loan size of $173K.
Do I need a business valuation for a Sandy Spring Bank SBA loan?
Yes, Sandy Spring 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 Sandy Spring Bank compare to other SBA lenders?
Sandy Spring Bank has originated 23 SBA loans totaling $4.0M since 1993. 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 Sandy Spring Bank lend in?
Sandy Spring Bank provides SBA 7(a) financing with particularly strong presence in MD, VA, DC. 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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