South Eastern Economic Development Corporation
SBA 7(a) Lending Profile · FY 2021 analysis
Industry Focus
Top industries served by South Eastern Economic Development Corporation
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 48 | $5.5M | $115K | 24.0% |
| 722513 | Limited-Service Restaurants | 32 | $3.8M | $119K | 16.0% |
| 713940 | Fitness and Recreational Sports Centers | 16 | $1.6M | $103K | 8.0% |
| 459210 | Other | 8 | $640K | $80K | 4.0% |
| 812199 | Other Personal Care Services | 8 | $1.9M | $238K | 4.0% |
| 445298 | Other | 8 | $1.8M | $225K | 4.0% |
| 611691 | Exam Preparation and Tutoring | 8 | $920K | $115K | 4.0% |
| 561730 | Landscaping Services | 8 | $520K | $65K | 4.0% |
| 314999 | All Other Miscellaneous Textile Product Mills | 8 | $1.8M | $225K | 4.0% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 8 | $2.0M | $250K | 4.0% |
Geographic Distribution
SBA lending activity for South Eastern Economic Development Corporation by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Massachusetts (MA) | 120 | $16.5M | 60.0% |
| Rhode Island (RI) | 80 | $8.9M | 40.0% |
Why Choose South Eastern Economic Development Corporation?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 200 SBA loans approved, totaling $25.5M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Limited-Service Restaurants, Fitness and Recreational Sports Centers
- ✓Competitive Terms: Average interest rate of 6.52% with flexible term lengths averaging 112 months
- ✓Loan Range: Loan sizes from $50K to $250K, with an average of $127K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in MA, RI
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 South Eastern Economic Development Corporation SBA lending
What types of businesses does South Eastern Economic Development Corporation typically finance?
South Eastern Economic Development Corporation specializes in SBA 7(a) lending to specific industries including full-service restaurants, limited-service restaurants, fitness and recreational sports centers, other. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are South Eastern Economic Development Corporation's typical SBA loan terms?
South Eastern Economic Development Corporation's SBA 7(a) loans typically feature an average interest rate of 6.52% and average term length of 112 months (approximately 9 years). Loan sizes range from $50K to $250K, with an average loan size of $127K.
Do I need a business valuation for a South Eastern Economic Development Corporation SBA loan?
Yes, South Eastern Economic Development Corporation 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 South Eastern Economic Development Corporation compare to other SBA lenders?
South Eastern Economic Development Corporation has originated 200 SBA loans totaling $25.5M 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 South Eastern Economic Development Corporation lend in?
South Eastern Economic Development Corporation provides SBA 7(a) financing with particularly strong presence in MA, RI. 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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