Slade's Ferry Bancorp
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Slade's Ferry Bancorp · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 524210 | Insurance Agencies and Brokerages | 1 | $372K | $372K | 33.3% |
Geographic Distribution
SBA lending activity for Slade's Ferry Bancorp by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Massachusetts (MA) | 1 | $372K | 33.3% |
| Rhode Island (RI) | 2 | $122K | 66.7% |
Why Choose Slade's Ferry Bancorp?
Based on SBA 7(a) lending track record from 1999-2005
- ✓Proven Track Record: 3 SBA loans approved, totaling $494K in financing
- ✓Industry Expertise: Specialized focus on Insurance Agencies and Brokerages
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 120 months
- ✓Loan Range: Loan sizes from $57K to $372K, with an average of $165K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in RI, 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 Slade's Ferry Bancorp SBA lending
What types of businesses does Slade's Ferry Bancorp typically finance?
Slade's Ferry Bancorp specializes in SBA 7(a) lending to specific industries including insurance agencies and brokerages. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Slade's Ferry Bancorp's typical SBA loan terms?
Slade's Ferry Bancorp's SBA 7(a) loans typically feature an average interest rate of — and average term length of 120 months (approximately 10 years). Loan sizes range from $57K to $372K, with an average loan size of $165K.
Do I need a business valuation for a Slade's Ferry Bancorp SBA loan?
Yes, Slade's Ferry Bancorp 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 Slade's Ferry Bancorp compare to other SBA lenders?
Slade's Ferry Bancorp has originated 3 SBA loans totaling $494K since 1999. 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 Slade's Ferry Bancorp lend in?
Slade's Ferry Bancorp provides SBA 7(a) financing with particularly strong presence in RI, 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?
Certified valuations are often required for SBA loans over $250,000.
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