SKANEATELES SAVINGS BANK
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by SKANEATELES SAVINGS BANK · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|
Geographic Distribution
SBA lending activity for SKANEATELES SAVINGS BANK by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New York (NY) | 7 | $473K | 100.0% |
Why Choose SKANEATELES SAVINGS BANK?
Based on SBA 7(a) lending track record from 1991-1995
- ✓Proven Track Record: 7 SBA loans approved, totaling $473K in financing
- ✓Industry Expertise: Specialized focus on
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 129 months
- ✓Loan Range: Loan sizes from $10K to $150K, with an average of $68K
- ✓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 SKANEATELES SAVINGS BANK SBA lending
What types of businesses does SKANEATELES SAVINGS BANK typically finance?
SKANEATELES SAVINGS BANK specializes in SBA 7(a) lending to specific industries including . They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are SKANEATELES SAVINGS BANK's typical SBA loan terms?
SKANEATELES SAVINGS BANK's SBA 7(a) loans typically feature an average interest rate of — and average term length of 129 months (approximately 11 years). Loan sizes range from $10K to $150K, with an average loan size of $68K.
Do I need a business valuation for a SKANEATELES SAVINGS BANK SBA loan?
Yes, SKANEATELES 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 SKANEATELES SAVINGS BANK compare to other SBA lenders?
SKANEATELES SAVINGS BANK has originated 7 SBA loans totaling $473K 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 SKANEATELES SAVINGS BANK lend in?
SKANEATELES 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?
Certified valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.