Scotiabank de Puerto Rico
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Scotiabank de Puerto Rico · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812310 | Coin-Operated Laundries and Drycleaners | 3 | $267K | $89K | 2.4% |
| 621210 | Offices of Dentists | 3 | $220K | $73K | 2.4% |
| 311520 | Ice Cream and Frozen Dessert Manufacturing | 2 | $300K | $150K | 1.6% |
| 541330 | Engineering Services | 2 | $55K | $28K | 1.6% |
| 541512 | Computer Systems Design Services | 2 | $115K | $58K | 1.6% |
| 621512 | Diagnostic Imaging Centers | 1 | $50K | $50K | 0.8% |
| 721110 | Hotels (except Casino Hotels) and Motels | 1 | $400K | $400K | 0.8% |
| 541110 | Offices of Lawyers | 1 | $25K | $25K | 0.8% |
| 541921 | Photography Studios, Portrait | 1 | $15K | $15K | 0.8% |
| 327320 | Ready-Mix Concrete Manufacturing | 1 | $400K | $400K | 0.8% |
Geographic Distribution
SBA lending activity for Scotiabank de Puerto Rico by state
| State | Loans | Volume | Share |
|---|---|---|---|
| PR (PR) | 124 | $11.7M | 100.0% |
Why Choose Scotiabank de Puerto Rico?
Based on SBA 7(a) lending track record from 1991-2003
- ✓Proven Track Record: 124 SBA loans approved, totaling $11.7M in financing
- ✓Industry Expertise: Specialized focus on Coin-Operated Laundries and Drycleaners, Offices of Dentists, Ice Cream and Frozen Dessert Manufacturing
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 97 months
- ✓Loan Range: Loan sizes from $10K to $575K, with an average of $95K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in PR
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 Scotiabank de Puerto Rico SBA lending
What types of businesses does Scotiabank de Puerto Rico typically finance?
Scotiabank de Puerto Rico specializes in SBA 7(a) lending to specific industries including coin-operated laundries and drycleaners, offices of dentists, ice cream and frozen dessert manufacturing, engineering services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Scotiabank de Puerto Rico's typical SBA loan terms?
Scotiabank de Puerto Rico's SBA 7(a) loans typically feature an average interest rate of — and average term length of 97 months (approximately 8 years). Loan sizes range from $10K to $575K, with an average loan size of $95K.
Do I need a business valuation for a Scotiabank de Puerto Rico SBA loan?
Yes, Scotiabank de Puerto Rico 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 Scotiabank de Puerto Rico compare to other SBA lenders?
Scotiabank de Puerto Rico has originated 124 SBA loans totaling $11.7M 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 Scotiabank de Puerto Rico lend in?
Scotiabank de Puerto Rico provides SBA 7(a) financing with particularly strong presence in PR. 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.
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