Sawyer Savings Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Sawyer Savings Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 8 | $3.3M | $415K | 25.0% |
| 531190 | Lessors of Other Real Estate Property | 8 | $5.0M | $621K | 25.0% |
| 541611 | Administrative Management and General Management Consulting Services | 8 | $4.2M | $525K | 25.0% |
| 531130 | Lessors of Miniwarehouses and Self-Storage Units | 8 | $1.3M | $162K | 25.0% |
Geographic Distribution
SBA lending activity for Sawyer Savings Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New York (NY) | 32 | $13.8M | 100.0% |
Why Choose Sawyer Savings Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 32 SBA loans approved, totaling $13.8M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Lessors of Other Real Estate Property, Administrative Management and General Management Consulting Services
- ✓Competitive Terms: Average interest rate of 8.25% with flexible term lengths averaging 160 months
- ✓Loan Range: Loan sizes from $162K to $621K, with an average of $431K
- ✓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 Sawyer Savings Bank SBA lending
What types of businesses does Sawyer Savings Bank typically finance?
Sawyer Savings Bank specializes in SBA 7(a) lending to specific industries including full-service restaurants, lessors of other real estate property, administrative management and general management consulting services, lessors of miniwarehouses and self-storage units. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Sawyer Savings Bank's typical SBA loan terms?
Sawyer Savings Bank's SBA 7(a) loans typically feature an average interest rate of 8.25% and average term length of 160 months (approximately 13 years). Loan sizes range from $162K to $621K, with an average loan size of $431K.
Do I need a business valuation for a Sawyer Savings Bank SBA loan?
Yes, Sawyer 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 Sawyer Savings Bank compare to other SBA lenders?
Sawyer Savings Bank has originated 32 SBA loans totaling $13.8M 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 Sawyer Savings Bank lend in?
Sawyer 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?
Professional valuations are often required for SBA loans over $250,000.
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