Sutton Bank
SBA 7(a) Lending Profile · FY 2021 analysis
Industry Focus
Top industries served by Sutton Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 238910 | Site Preparation Contractors | 24 | $8.1M | $338K | 6.5% |
| 454310 | Fuel Dealers | 24 | $13.4M | $560K | 6.5% |
| 444190 | Other Building Material Dealers | 16 | $11.3M | $708K | 4.3% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 16 | $3.1M | $195K | 4.3% |
| 484122 | General Freight Trucking, Long-Distance, Less Than Truckload | 16 | $2.8M | $175K | 4.3% |
| 312120 | Breweries | 16 | $3.2M | $200K | 4.3% |
| 524210 | Insurance Agencies and Brokerages | 16 | $8.9M | $559K | 4.3% |
| 623220 | Residential Mental Health and Substance Abuse Facilities | 16 | $991K | $62K | 4.3% |
| 722511 | Full-Service Restaurants | 8 | $784K | $98K | 2.2% |
| 484121 | General Freight Trucking, Long Distance, Truckload | 8 | $4.8M | $600K | 2.2% |
Geographic Distribution
SBA lending activity for Sutton Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Ohio (OH) | 368 | $108.8M | 100.0% |
Why Choose Sutton Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 368 SBA loans approved, totaling $108.8M in financing
- ✓Industry Expertise: Specialized focus on Site Preparation Contractors, Fuel Dealers, Other Building Material Dealers
- ✓Competitive Terms: Average interest rate of 5.32% with flexible term lengths averaging 114 months
- ✓Loan Range: Loan sizes from $15K to $800K, with an average of $296K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in OH
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 Sutton Bank SBA lending
What types of businesses does Sutton Bank typically finance?
Sutton Bank specializes in SBA 7(a) lending to specific industries including site preparation contractors, fuel dealers, other building material dealers, snack and nonalcoholic beverage bars. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Sutton Bank's typical SBA loan terms?
Sutton Bank's SBA 7(a) loans typically feature an average interest rate of 5.32% and average term length of 114 months (approximately 10 years). Loan sizes range from $15K to $800K, with an average loan size of $296K.
Do I need a business valuation for a Sutton Bank SBA loan?
Yes, Sutton 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 Sutton Bank compare to other SBA lenders?
Sutton Bank has originated 368 SBA loans totaling $108.8M 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 Sutton Bank lend in?
Sutton Bank provides SBA 7(a) financing with particularly strong presence in OH. 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.