St. Mary's Bank
SBA 7(a) Lending Profile · FY 2024 analysis
Industry Focus
Top industries served by St. Mary's Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 484121 | General Freight Trucking, Long Distance, Truckload | 48 | $2.9M | $61K | 7.5% |
| 238990 | All Other Specialty Trade Contractors | 48 | $9.3M | $193K | 7.5% |
| 561730 | Landscaping Services | 32 | $3.4M | $106K | 5.0% |
| 713940 | Fitness and Recreational Sports Centers | 32 | $11.3M | $352K | 5.0% |
| 236118 | Residential Remodelers | 24 | $998K | $42K | 3.8% |
| 459999 | Other | 24 | $1.4M | $57K | 3.8% |
| 238210 | Electrical Contractors | 24 | $3.1M | $128K | 3.8% |
| 812112 | Beauty Salons | 16 | $1.8M | $115K | 2.5% |
| 621320 | Offices of Optometrists | 16 | $835K | $52K | 2.5% |
| 238320 | Painting and Wall Covering Contractors | 16 | $1.8M | $113K | 2.5% |
Geographic Distribution
SBA lending activity for St. Mary's Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New Hampshire (NH) | 640 | $157.9M | 100.0% |
Why Choose St. Mary's Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 640 SBA loans approved, totaling $157.9M in financing
- ✓Industry Expertise: Specialized focus on General Freight Trucking, Long Distance, Truckload, All Other Specialty Trade Contractors, Landscaping Services
- ✓Competitive Terms: Average interest rate of 7.55% with flexible term lengths averaging 63 months
- ✓Loan Range: Loan sizes from $20K to $4.9M, with an average of $247K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in NH
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 St. Mary's Bank SBA lending
What types of businesses does St. Mary's Bank typically finance?
St. Mary's Bank specializes in SBA 7(a) lending to specific industries including general freight trucking, long distance, truckload, all other specialty trade contractors, landscaping services, fitness and recreational sports centers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are St. Mary's Bank's typical SBA loan terms?
St. Mary's Bank's SBA 7(a) loans typically feature an average interest rate of 7.55% and average term length of 63 months (approximately 5 years). Loan sizes range from $20K to $4.9M, with an average loan size of $247K.
Do I need a business valuation for a St. Mary's Bank SBA loan?
Yes, St. Mary's 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 St. Mary's Bank compare to other SBA lenders?
St. Mary's Bank has originated 640 SBA loans totaling $157.9M 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 St. Mary's Bank lend in?
St. Mary's Bank provides SBA 7(a) financing with particularly strong presence in NH. 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?
Professional valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.