The Cooperative Bank
SBA 7(a) Lending Profile · FY 2021 analysis
Industry Focus
Top industries served by The Cooperative Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 8 | $960K | $120K | 25.0% |
| 611110 | Elementary and Secondary Schools | 8 | $4.0M | $496K | 25.0% |
| 237110 | Water and Sewer Line and Related Structures Construction | 8 | $4.0M | $500K | 25.0% |
| 445310 | Beer, Wine, and Liquor Stores | 8 | $2.6M | $320K | 25.0% |
Geographic Distribution
SBA lending activity for The Cooperative Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Massachusetts (MA) | 32 | $11.5M | 100.0% |
Why Choose The Cooperative Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 32 SBA loans approved, totaling $11.5M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Elementary and Secondary Schools, Water and Sewer Line and Related Structures Construction
- ✓Competitive Terms: Average interest rate of 6.06% with flexible term lengths averaging 120 months
- ✓Loan Range: Loan sizes from $120K to $500K, with an average of $359K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MA
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 Cooperative Bank SBA lending
What types of businesses does The Cooperative Bank typically finance?
The Cooperative Bank specializes in SBA 7(a) lending to specific industries including full-service restaurants, elementary and secondary schools, water and sewer line and related structures construction, beer, wine, and liquor stores. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The Cooperative Bank's typical SBA loan terms?
The Cooperative Bank's SBA 7(a) loans typically feature an average interest rate of 6.06% and average term length of 120 months (approximately 10 years). Loan sizes range from $120K to $500K, with an average loan size of $359K.
Do I need a business valuation for a The Cooperative Bank SBA loan?
Yes, The Cooperative 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 Cooperative Bank compare to other SBA lenders?
The Cooperative Bank has originated 32 SBA loans totaling $11.5M 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 Cooperative Bank lend in?
The Cooperative Bank provides SBA 7(a) financing with particularly strong presence in MA. 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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