The Bank of New York Mellon
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by The Bank of New York Mellon · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811111 | General Automotive Repair | 2 | $120K | $60K | 3.3% |
| 541519 | Other Computer Related Services | 1 | $50K | $50K | 1.7% |
| 332321 | Metal Window and Door Manufacturing | 1 | $200K | $200K | 1.7% |
| 621210 | Offices of Dentists | 1 | $75K | $75K | 1.7% |
| 812320 | Drycleaning and Laundry Services (except Coin-Operated) | 1 | $120K | $120K | 1.7% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 1 | $50K | $50K | 1.7% |
| 621340 | Offices of Physical, Occupational and Speech Therapists, and Audiologists | 1 | $50K | $50K | 1.7% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 1 | $80K | $80K | 1.7% |
| 114210 | Hunting and Trapping | 1 | $47K | $47K | 1.7% |
| 483113 | Coastal and Great Lakes Freight Transportation | 1 | $950K | $950K | 1.7% |
Geographic Distribution
SBA lending activity for The Bank of New York Mellon by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New York (NY) | 48 | $9.6M | 80.0% |
| New Jersey (NJ) | 10 | $2.5M | 16.7% |
| California (CA) | 1 | $200K | 1.7% |
| Connecticut (CT) | 1 | $47K | 1.7% |
Why Choose The Bank of New York Mellon?
Based on SBA 7(a) lending track record from 1991-2006
- ✓Proven Track Record: 60 SBA loans approved, totaling $12.3M in financing
- ✓Industry Expertise: Specialized focus on General Automotive Repair, Other Computer Related Services, Metal Window and Door Manufacturing
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 90 months
- ✓Loan Range: Loan sizes from $20K to $950K, with an average of $205K
- ✓Nationwide Reach: Active lending in 4 states, with strong presence in NY, NJ, CA
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 New York Mellon SBA lending
What types of businesses does The Bank of New York Mellon typically finance?
The Bank of New York Mellon specializes in SBA 7(a) lending to specific industries including general automotive repair, other computer related services, metal window and door manufacturing, offices of dentists. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The Bank of New York Mellon's typical SBA loan terms?
The Bank of New York Mellon's SBA 7(a) loans typically feature an average interest rate of — and average term length of 90 months (approximately 8 years). Loan sizes range from $20K to $950K, with an average loan size of $205K.
Do I need a business valuation for a The Bank of New York Mellon SBA loan?
Yes, The Bank of New York Mellon 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 New York Mellon compare to other SBA lenders?
The Bank of New York Mellon has originated 60 SBA loans totaling $12.3M since 1991. 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 New York Mellon lend in?
The Bank of New York Mellon provides SBA 7(a) financing with particularly strong presence in NY, NJ, CA, CT. 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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