The Bank of Princeton
SBA 7(a) Lending Profile · FY 2021 analysis
Industry Focus
Top industries served by The Bank of Princeton
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 445310 | Beer, Wine, and Liquor Stores | 32 | $13.9M | $435K | 16.7% |
| 812320 | Drycleaning and Laundry Services (except Coin-Operated) | 24 | $10.4M | $432K | 12.5% |
| 722513 | Limited-Service Restaurants | 24 | $8.1M | $337K | 12.5% |
| 812113 | Nail Salons | 16 | $5.0M | $315K | 8.3% |
| 455219 | Other | 16 | $6.2M | $390K | 8.3% |
| 456120 | Other | 8 | $1.9M | $240K | 4.2% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 8 | $2.8M | $350K | 4.2% |
| 533110 | Lessors of Nonfinancial Intangible Assets (except Copyrighted Works) | 8 | $16.0M | $2.0M | 4.2% |
| 445120 | Convenience Stores | 8 | $3.8M | $470K | 4.2% |
| 722511 | Full-Service Restaurants | 8 | $1.8M | $230K | 4.2% |
Geographic Distribution
SBA lending activity for The Bank of Princeton by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New York (NY) | 88 | $32.4M | 45.8% |
| New Jersey (NJ) | 48 | $27.4M | 25.0% |
| Pennsylvania (PA) | 56 | $20.8M | 29.2% |
Why Choose The Bank of Princeton?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 192 SBA loans approved, totaling $80.6M in financing
- ✓Industry Expertise: Specialized focus on Beer, Wine, and Liquor Stores, Drycleaning and Laundry Services (except Coin-Operated), Limited-Service Restaurants
- ✓Competitive Terms: Average interest rate of 6.64% with flexible term lengths averaging 127 months
- ✓Loan Range: Loan sizes from $100K to $2.0M, with an average of $420K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in NY, PA, 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 The Bank of Princeton SBA lending
What types of businesses does The Bank of Princeton typically finance?
The Bank of Princeton specializes in SBA 7(a) lending to specific industries including beer, wine, and liquor stores, drycleaning and laundry services (except coin-operated), limited-service restaurants, nail salons. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The Bank of Princeton's typical SBA loan terms?
The Bank of Princeton's SBA 7(a) loans typically feature an average interest rate of 6.64% and average term length of 127 months (approximately 11 years). Loan sizes range from $100K to $2.0M, with an average loan size of $420K.
Do I need a business valuation for a The Bank of Princeton SBA loan?
Yes, The Bank of Princeton 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 Princeton compare to other SBA lenders?
The Bank of Princeton has originated 192 SBA loans totaling $80.6M 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 The Bank of Princeton lend in?
The Bank of Princeton provides SBA 7(a) financing with particularly strong presence in NY, PA, 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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