Santander Bank, National Association
SBA 7(a) Lending Profile · FY 2021 analysis
Industry Focus
Top industries served by Santander Bank, National Association
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 584 | $53.3M | $91K | 17.1% |
| 236118 | Residential Remodelers | 392 | $27.8M | $71K | 11.4% |
| 484110 | General Freight Trucking, Local | 264 | $12.4M | $47K | 7.7% |
| 484121 | General Freight Trucking, Long Distance, Truckload | 144 | $7.6M | $52K | 4.2% |
| 722513 | Limited-Service Restaurants | 136 | $18.7M | $138K | 4.0% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 136 | $12.1M | $89K | 4.0% |
| 236115 | New Single-Family Housing Construction (except Operative Builders) | 120 | $7.1M | $59K | 3.5% |
| 238210 | Electrical Contractors | 112 | $6.8M | $61K | 3.3% |
| 238990 | All Other Specialty Trade Contractors | 96 | $6.4M | $67K | 2.8% |
| 445110 | Supermarkets and Other Grocery (except Convenience) Stores | 96 | $6.7M | $70K | 2.8% |
Geographic Distribution
SBA lending activity for Santander Bank, National Association by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New York (NY) | 688 | $82.8M | 20.1% |
| Massachusetts (MA) | 896 | $81.6M | 26.2% |
| New Jersey (NJ) | 960 | $75.0M | 28.0% |
| Pennsylvania (PA) | 408 | $39.1M | 11.9% |
| Rhode Island (RI) | 240 | $15.6M | 7.0% |
| Connecticut (CT) | 144 | $10.8M | 4.2% |
| New Hampshire (NH) | 80 | $7.0M | 2.3% |
| Maryland (MD) | 8 | $664K | 0.2% |
Why Choose Santander Bank, National Association?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 3,424 SBA loans approved, totaling $312.6M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Residential Remodelers, General Freight Trucking, Local
- ✓Competitive Terms: Average interest rate of 10.50% with flexible term lengths averaging 115 months
- ✓Loan Range: Loan sizes from $10K to $1.0M, with an average of $91K
- ✓Nationwide Reach: Active lending in 8 states, with strong presence in NJ, MA, 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 Santander Bank, National Association SBA lending
What types of businesses does Santander Bank, National Association typically finance?
Santander Bank, National Association specializes in SBA 7(a) lending to specific industries including full-service restaurants, residential remodelers, general freight trucking, local, general freight trucking, long distance, truckload. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Santander Bank, National Association's typical SBA loan terms?
Santander Bank, National Association's SBA 7(a) loans typically feature an average interest rate of 10.50% and average term length of 115 months (approximately 10 years). Loan sizes range from $10K to $1.0M, with an average loan size of $91K.
Do I need a business valuation for a Santander Bank, National Association SBA loan?
Yes, Santander Bank, National Association 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 Santander Bank, National Association compare to other SBA lenders?
Santander Bank, National Association has originated 3,424 SBA loans totaling $312.6M 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 Santander Bank, National Association lend in?
Santander Bank, National Association provides SBA 7(a) financing with particularly strong presence in NJ, MA, NY, PA, RI. 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?
Professional valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.