Strafford Economic Development Corporation
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Strafford Economic Development Corporation · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 3 | $561K | $187K | 13.0% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 2 | $354K | $177K | 8.7% |
| 722320 | Caterers | 2 | $160K | $80K | 8.7% |
| 541990 | All Other Professional, Scientific, and Technical Services | 2 | $66K | $33K | 8.7% |
| 332710 | Machine Shops | 2 | $230K | $115K | 8.7% |
| 611620 | Sports and Recreation Instruction | 1 | $190K | $190K | 4.3% |
| 311811 | Retail Bakeries | 1 | $100K | $100K | 4.3% |
| 423990 | Other Miscellaneous Durable Goods Merchant Wholesalers | 1 | $148K | $148K | 4.3% |
| 445230 | Fruit and Vegetable Retailers | 1 | $225K | $225K | 4.3% |
| 333243 | Sawmill, Woodworking, and Paper Machinery Manufacturing | 1 | $30K | $30K | 4.3% |
Geographic Distribution
SBA lending activity for Strafford Economic Development Corporation by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New Hampshire (NH) | 21 | $2.9M | 91.3% |
| Massachusetts (MA) | 1 | $250K | 4.3% |
| Maine (ME) | 1 | $190K | 4.3% |
Why Choose Strafford Economic Development Corporation?
Based on SBA 7(a) lending track record from 2015-2025
- ✓Proven Track Record: 23 SBA loans approved, totaling $3.3M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Snack and Nonalcoholic Beverage Bars, Caterers
- ✓Competitive Terms: Average interest rate of 7.30% with flexible term lengths averaging 105 months
- ✓Loan Range: Loan sizes from $20K to $250K, with an average of $145K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in NH, MA, ME
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 Strafford Economic Development Corporation SBA lending
What types of businesses does Strafford Economic Development Corporation typically finance?
Strafford Economic Development Corporation specializes in SBA 7(a) lending to specific industries including full-service restaurants, snack and nonalcoholic beverage bars, caterers, all other professional, scientific, and technical services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Strafford Economic Development Corporation's typical SBA loan terms?
Strafford Economic Development Corporation's SBA 7(a) loans typically feature an average interest rate of 7.30% and average term length of 105 months (approximately 9 years). Loan sizes range from $20K to $250K, with an average loan size of $145K.
Do I need a business valuation for a Strafford Economic Development Corporation SBA loan?
Yes, Strafford 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 Strafford Economic Development Corporation compare to other SBA lenders?
Strafford Economic Development Corporation has originated 23 SBA loans totaling $3.3M since 2015. 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 Strafford Economic Development Corporation lend in?
Strafford Economic Development Corporation provides SBA 7(a) financing with particularly strong presence in NH, MA, ME. 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.
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