The Cape Cod Five Cents Savings Bank
SBA 7(a) Lending Profile · FY 2021 analysis
Industry Focus
Top industries served by The Cape Cod Five Cents Savings Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 112 | $10.7M | $96K | 13.6% |
| 561730 | Landscaping Services | 80 | $8.5M | $107K | 9.7% |
| 484110 | General Freight Trucking, Local | 56 | $9.8M | $175K | 6.8% |
| 236115 | New Single-Family Housing Construction (except Operative Builders) | 48 | $4.0M | $83K | 5.8% |
| 238990 | All Other Specialty Trade Contractors | 40 | $3.1M | $77K | 4.9% |
| 238350 | Finish Carpentry Contractors | 32 | $1.6M | $51K | 3.9% |
| 812112 | Beauty Salons | 32 | $2.0M | $63K | 3.9% |
| 722513 | Limited-Service Restaurants | 32 | $5.5M | $172K | 3.9% |
| 311811 | Retail Bakeries | 16 | $1.4M | $87K | 1.9% |
| 453998 | All Other Miscellaneous Store Retailers (except Tobacco Stores) | 16 | $1.9M | $118K | 1.9% |
Geographic Distribution
SBA lending activity for The Cape Cod Five Cents Savings Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Massachusetts (MA) | 816 | $88.4M | 99.0% |
| Rhode Island (RI) | 8 | $6.0M | 1.0% |
Why Choose The Cape Cod Five Cents Savings Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 824 SBA loans approved, totaling $94.4M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Landscaping Services, General Freight Trucking, Local
- ✓Competitive Terms: Average interest rate of 7.29% with flexible term lengths averaging 89 months
- ✓Loan Range: Loan sizes from $8K to $750K, with an average of $115K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in MA, RI
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 Cape Cod Five Cents Savings Bank SBA lending
What types of businesses does The Cape Cod Five Cents Savings Bank typically finance?
The Cape Cod Five Cents Savings Bank specializes in SBA 7(a) lending to specific industries including full-service restaurants, landscaping services, general freight trucking, local, new single-family housing construction (except operative builders). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The Cape Cod Five Cents Savings Bank's typical SBA loan terms?
The Cape Cod Five Cents Savings Bank's SBA 7(a) loans typically feature an average interest rate of 7.29% and average term length of 89 months (approximately 7 years). Loan sizes range from $8K to $750K, with an average loan size of $115K.
Do I need a business valuation for a The Cape Cod Five Cents Savings Bank SBA loan?
Yes, The Cape Cod Five Cents Savings Bank 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 Cape Cod Five Cents Savings Bank compare to other SBA lenders?
The Cape Cod Five Cents Savings Bank has originated 824 SBA loans totaling $94.4M 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 Cape Cod Five Cents Savings Bank lend in?
The Cape Cod Five Cents Savings Bank provides SBA 7(a) financing with particularly strong presence in MA, RI. 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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Professional valuations are often required for SBA loans over $250,000.
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