The Canandaigua National Bank and Trust Company
SBA 7(a) Lending Profile · FY 2021 analysis
Industry Focus
Top industries served by The Canandaigua National Bank and Trust Company
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 56 | $24.2M | $431K | 7.6% |
| 722511 | Full-Service Restaurants | 40 | $6.5M | $163K | 5.4% |
| 236118 | Residential Remodelers | 32 | $18.4M | $574K | 4.3% |
| 334610 | Other | 16 | $6.5M | $409K | 2.2% |
| 312120 | Breweries | 16 | $5.2M | $325K | 2.2% |
| 713940 | Fitness and Recreational Sports Centers | 16 | $1.1M | $69K | 2.2% |
| 453991 | Tobacco Stores | 16 | $880K | $55K | 2.2% |
| 423710 | Hardware Merchant Wholesalers | 16 | $4.0M | $250K | 2.2% |
| 722513 | Limited-Service Restaurants | 16 | $2.5M | $156K | 2.2% |
| 445298 | Other | 16 | $2.2M | $140K | 2.2% |
Geographic Distribution
SBA lending activity for The Canandaigua National Bank and Trust Company by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New York (NY) | 736 | $228.9M | 100.0% |
Why Choose The Canandaigua National Bank and Trust Company?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 736 SBA loans approved, totaling $228.9M in financing
- ✓Industry Expertise: Specialized focus on Plumbing, Heating, and Air-Conditioning Contractors, Full-Service Restaurants, Residential Remodelers
- ✓Competitive Terms: Average interest rate of 6.48% with flexible term lengths averaging 103 months
- ✓Loan Range: Loan sizes from $20K to $2.7M, with an average of $311K
- ✓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 Canandaigua National Bank and Trust Company SBA lending
What types of businesses does The Canandaigua National Bank and Trust Company typically finance?
The Canandaigua National Bank and Trust Company specializes in SBA 7(a) lending to specific industries including plumbing, heating, and air-conditioning contractors, full-service restaurants, residential remodelers, other. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The Canandaigua National Bank and Trust Company's typical SBA loan terms?
The Canandaigua National Bank and Trust Company's SBA 7(a) loans typically feature an average interest rate of 6.48% and average term length of 103 months (approximately 9 years). Loan sizes range from $20K to $2.7M, with an average loan size of $311K.
Do I need a business valuation for a The Canandaigua National Bank and Trust Company SBA loan?
Yes, The Canandaigua National Bank and Trust Company 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 Canandaigua National Bank and Trust Company compare to other SBA lenders?
The Canandaigua National Bank and Trust Company has originated 736 SBA loans totaling $228.9M 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 Canandaigua National Bank and Trust Company lend in?
The Canandaigua National Bank and Trust Company 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.
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