Textron Financial Corp
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Textron Financial Corp · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 623312 | Assisted Living Facilities for the Elderly | 1 | $1.1M | $1.1M | 5.0% |
| 488410 | Motor Vehicle Towing | 1 | $320K | $320K | 5.0% |
| 811310 | Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance | 1 | $475K | $475K | 5.0% |
| 721110 | Hotels (except Casino Hotels) and Motels | 1 | $1.3M | $1.3M | 5.0% |
| 336413 | Other Aircraft Parts and Auxiliary Equipment Manufacturing | 1 | $315K | $315K | 5.0% |
Geographic Distribution
SBA lending activity for Textron Financial Corp by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Maryland (MD) | 3 | $2.1M | 15.0% |
| Connecticut (CT) | 3 | $1.4M | 15.0% |
| West Virginia (WV) | 1 | $1.3M | 5.0% |
| New York (NY) | 1 | $1.1M | 5.0% |
| Florida (FL) | 3 | $945K | 15.0% |
| Ohio (OH) | 2 | $550K | 10.0% |
| Pennsylvania (PA) | 2 | $465K | 10.0% |
| Tennessee (TN) | 2 | $278K | 10.0% |
| Rhode Island (RI) | 1 | $150K | 5.0% |
| California (CA) | 1 | $150K | 5.0% |
| South Carolina (SC) | 1 | $114K | 5.0% |
Why Choose Textron Financial Corp?
Based on SBA 7(a) lending track record from 2000-2002
- ✓Proven Track Record: 20 SBA loans approved, totaling $8.5M in financing
- ✓Industry Expertise: Specialized focus on Assisted Living Facilities for the Elderly, Motor Vehicle Towing, Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 145 months
- ✓Loan Range: Loan sizes from $70K to $1.3M, with an average of $426K
- ✓Nationwide Reach: Active lending in 11 states, with strong presence in FL, CT, MD
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 Textron Financial Corp SBA lending
What types of businesses does Textron Financial Corp typically finance?
Textron Financial Corp specializes in SBA 7(a) lending to specific industries including assisted living facilities for the elderly, motor vehicle towing, commercial and industrial machinery and equipment (except automotive and electronic) repair and maintenance, hotels (except casino hotels) and motels. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Textron Financial Corp's typical SBA loan terms?
Textron Financial Corp's SBA 7(a) loans typically feature an average interest rate of — and average term length of 145 months (approximately 12 years). Loan sizes range from $70K to $1.3M, with an average loan size of $426K.
Do I need a business valuation for a Textron Financial Corp SBA loan?
Yes, Textron Financial Corp 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 Textron Financial Corp compare to other SBA lenders?
Textron Financial Corp has originated 20 SBA loans totaling $8.5M since 2000. 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 Textron Financial Corp lend in?
Textron Financial Corp provides SBA 7(a) financing with particularly strong presence in FL, CT, MD, TN, 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.
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