The Bank of Castile
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by The Bank of Castile · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 2 | $120K | $60K | 5.3% |
| 314110 | Carpet and Rug Mills | 1 | $45K | $45K | 2.6% |
| 321999 | All Other Miscellaneous Wood Product Manufacturing | 1 | $163K | $163K | 2.6% |
| 541690 | Other Scientific and Technical Consulting Services | 1 | $200K | $200K | 2.6% |
| 811310 | Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance | 1 | $55K | $55K | 2.6% |
| 333111 | Farm Machinery and Equipment Manufacturing | 1 | $100K | $100K | 2.6% |
| 333112 | Lawn and Garden Tractor and Home Lawn and Garden Equipment Manufacturing | 1 | $60K | $60K | 2.6% |
| 621210 | Offices of Dentists | 1 | $270K | $270K | 2.6% |
| 541219 | Other Accounting Services | 1 | $15K | $15K | 2.6% |
| 485320 | Limousine Service | 1 | $100K | $100K | 2.6% |
Geographic Distribution
SBA lending activity for The Bank of Castile by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New York (NY) | 38 | $3.5M | 100.0% |
Why Choose The Bank of Castile?
Based on SBA 7(a) lending track record from 1996-2008
- ✓Proven Track Record: 38 SBA loans approved, totaling $3.5M in financing
- ✓Industry Expertise: Specialized focus on Supermarkets and Other Grocery Retailers (except Convenience Retailers), Carpet and Rug Mills, All Other Miscellaneous Wood Product Manufacturing
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 103 months
- ✓Loan Range: Loan sizes from $15K to $450K, with an average of $92K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in NY
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 The Bank of Castile SBA lending
What types of businesses does The Bank of Castile typically finance?
The Bank of Castile specializes in SBA 7(a) lending to specific industries including supermarkets and other grocery retailers (except convenience retailers), carpet and rug mills, all other miscellaneous wood product manufacturing, other scientific and technical consulting services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The Bank of Castile's typical SBA loan terms?
The Bank of Castile's SBA 7(a) loans typically feature an average interest rate of — and average term length of 103 months (approximately 9 years). Loan sizes range from $15K to $450K, with an average loan size of $92K.
Do I need a business valuation for a The Bank of Castile SBA loan?
Yes, The Bank of Castile 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 The Bank of Castile compare to other SBA lenders?
The Bank of Castile has originated 38 SBA loans totaling $3.5M since 1996. 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 The Bank of Castile lend in?
The Bank of Castile provides SBA 7(a) financing with particularly strong presence in NY. 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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Certified valuations are often required for SBA loans over $250,000.
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