Skylands Community Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Skylands Community Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 541519 | Other Computer Related Services | 1 | $50K | $50K | 16.7% |
| 441120 | Used Car Dealers | 1 | $100K | $100K | 16.7% |
| 238170 | Siding Contractors | 1 | $305K | $305K | 16.7% |
| 811490 | Other Personal and Household Goods Repair and Maintenance | 1 | $75K | $75K | 16.7% |
Geographic Distribution
SBA lending activity for Skylands Community Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New Jersey (NJ) | 6 | $795K | 100.0% |
Why Choose Skylands Community Bank?
Based on SBA 7(a) lending track record from 2004-2008
- ✓Proven Track Record: 6 SBA loans approved, totaling $795K in financing
- ✓Industry Expertise: Specialized focus on Other Computer Related Services, Used Car Dealers, Siding Contractors
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 63 months
- ✓Loan Range: Loan sizes from $50K to $305K, with an average of $132K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in NJ
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 Skylands Community Bank SBA lending
What types of businesses does Skylands Community Bank typically finance?
Skylands Community Bank specializes in SBA 7(a) lending to specific industries including other computer related services, used car dealers, siding contractors, other personal and household goods repair and maintenance. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Skylands Community Bank's typical SBA loan terms?
Skylands Community Bank's SBA 7(a) loans typically feature an average interest rate of — and average term length of 63 months (approximately 5 years). Loan sizes range from $50K to $305K, with an average loan size of $132K.
Do I need a business valuation for a Skylands Community Bank SBA loan?
Yes, Skylands Community 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 Skylands Community Bank compare to other SBA lenders?
Skylands Community Bank has originated 6 SBA loans totaling $795K since 2004. 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 Skylands Community Bank lend in?
Skylands Community Bank provides SBA 7(a) financing with particularly strong presence in NJ. 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.