Sunnyside Federal Savings and Loan Association of Irvington
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Sunnyside Federal Savings and Loan Association of Irvington
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812310 | Coin-Operated Laundries and Drycleaners | 8 | $1.8M | $225K | 25.0% |
| 449121 | Other | 8 | $4.8M | $600K | 25.0% |
| 713990 | All Other Amusement and Recreation Industries | 8 | $3.9M | $485K | 25.0% |
| 459910 | Other | 8 | $2.4M | $300K | 25.0% |
Geographic Distribution
SBA lending activity for Sunnyside Federal Savings and Loan Association of Irvington by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New York (NY) | 24 | $9.0M | 75.0% |
| New Jersey (NJ) | 8 | $3.9M | 25.0% |
Why Choose Sunnyside Federal Savings and Loan Association of Irvington?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 32 SBA loans approved, totaling $12.9M in financing
- ✓Industry Expertise: Specialized focus on Coin-Operated Laundries and Drycleaners, Other, All Other Amusement and Recreation Industries
- ✓Competitive Terms: Average interest rate of 8.88% with flexible term lengths averaging 240 months
- ✓Loan Range: Loan sizes from $225K to $600K, with an average of $403K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in NY, 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 Sunnyside Federal Savings and Loan Association of Irvington SBA lending
What types of businesses does Sunnyside Federal Savings and Loan Association of Irvington typically finance?
Sunnyside Federal Savings and Loan Association of Irvington specializes in SBA 7(a) lending to specific industries including coin-operated laundries and drycleaners, other, all other amusement and recreation industries, other. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Sunnyside Federal Savings and Loan Association of Irvington's typical SBA loan terms?
Sunnyside Federal Savings and Loan Association of Irvington's SBA 7(a) loans typically feature an average interest rate of 8.88% and average term length of 240 months (approximately 20 years). Loan sizes range from $225K to $600K, with an average loan size of $403K.
Do I need a business valuation for a Sunnyside Federal Savings and Loan Association of Irvington SBA loan?
Yes, Sunnyside Federal Savings and Loan Association of Irvington 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 Sunnyside Federal Savings and Loan Association of Irvington compare to other SBA lenders?
Sunnyside Federal Savings and Loan Association of Irvington has originated 32 SBA loans totaling $12.9M 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 Sunnyside Federal Savings and Loan Association of Irvington lend in?
Sunnyside Federal Savings and Loan Association of Irvington provides SBA 7(a) financing with particularly strong presence in NY, 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?
Professional valuations are often required for SBA loans over $250,000.
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