Savers Co-operative Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Savers Co-operative Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 621310 | Offices of Chiropractors | 2 | $160K | $80K | 18.2% |
| 423420 | Office Equipment Merchant Wholesalers | 1 | $662K | $662K | 9.1% |
| 321114 | Wood Preservation | 1 | $50K | $50K | 9.1% |
| 238210 | Electrical Contractors and Other Wiring Installation Contractors | 1 | $77K | $77K | 9.1% |
| 541310 | Architectural Services | 1 | $225K | $225K | 9.1% |
Geographic Distribution
SBA lending activity for Savers Co-operative Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Massachusetts (MA) | 11 | $2.0M | 100.0% |
Why Choose Savers Co-operative Bank?
Based on SBA 7(a) lending track record from 1996-2015
- ✓Proven Track Record: 11 SBA loans approved, totaling $2.0M in financing
- ✓Industry Expertise: Specialized focus on Offices of Chiropractors, Office Equipment Merchant Wholesalers, Wood Preservation
- ✓Competitive Terms: Average interest rate of 7.25% with flexible term lengths averaging 102 months
- ✓Loan Range: Loan sizes from $50K to $662K, with an average of $186K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MA
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 Savers Co-operative Bank SBA lending
What types of businesses does Savers Co-operative Bank typically finance?
Savers Co-operative Bank specializes in SBA 7(a) lending to specific industries including offices of chiropractors, office equipment merchant wholesalers, wood preservation, electrical contractors and other wiring installation contractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Savers Co-operative Bank's typical SBA loan terms?
Savers Co-operative Bank's SBA 7(a) loans typically feature an average interest rate of 7.25% and average term length of 102 months (approximately 9 years). Loan sizes range from $50K to $662K, with an average loan size of $186K.
Do I need a business valuation for a Savers Co-operative Bank SBA loan?
Yes, Savers Co-operative 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 Savers Co-operative Bank compare to other SBA lenders?
Savers Co-operative Bank has originated 11 SBA loans totaling $2.0M since 1996. 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 Savers Co-operative Bank lend in?
Savers Co-operative Bank provides SBA 7(a) financing with particularly strong presence in MA. 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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