The Croghan Colonial Bank
SBA 7(a) Lending Profile · FY 2023 analysis
Industry Focus
Top industries served by The Croghan Colonial Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 24 | $13.3M | $555K | 13.0% |
| 488410 | Motor Vehicle Towing | 24 | $30.8M | $1.3M | 13.0% |
| 238990 | All Other Specialty Trade Contractors | 24 | $1.7M | $72K | 13.0% |
| 423910 | Sporting and Recreational Goods and Supplies Merchant Wholesalers | 16 | $14.4M | $903K | 8.7% |
| 561612 | Security Guards and Patrol Services | 16 | $1.9M | $118K | 8.7% |
| 722410 | Drinking Places (Alcoholic Beverages) | 16 | $2.6M | $164K | 8.7% |
| 812210 | Funeral Homes and Funeral Services | 8 | $11.9M | $1.5M | 4.3% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 8 | $2.0M | $250K | 4.3% |
| 522291 | Consumer Lending | 8 | $3.4M | $421K | 4.3% |
| 451211 | Book Stores | 8 | $360K | $45K | 4.3% |
Geographic Distribution
SBA lending activity for The Croghan Colonial Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Ohio (OH) | 184 | $121.1M | 100.0% |
Why Choose The Croghan Colonial Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 184 SBA loans approved, totaling $121.1M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Motor Vehicle Towing, All Other Specialty Trade Contractors
- ✓Competitive Terms: Average interest rate of 6.55% with flexible term lengths averaging 122 months
- ✓Loan Range: Loan sizes from $35K to $3.5M, with an average of $658K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in OH
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 Croghan Colonial Bank SBA lending
What types of businesses does The Croghan Colonial Bank typically finance?
The Croghan Colonial Bank specializes in SBA 7(a) lending to specific industries including full-service restaurants, motor vehicle towing, all other specialty trade contractors, sporting and recreational goods and supplies merchant wholesalers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The Croghan Colonial Bank's typical SBA loan terms?
The Croghan Colonial Bank's SBA 7(a) loans typically feature an average interest rate of 6.55% and average term length of 122 months (approximately 10 years). Loan sizes range from $35K to $3.5M, with an average loan size of $658K.
Do I need a business valuation for a The Croghan Colonial Bank SBA loan?
Yes, The Croghan Colonial 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 Croghan Colonial Bank compare to other SBA lenders?
The Croghan Colonial Bank has originated 184 SBA loans totaling $121.1M 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 Croghan Colonial Bank lend in?
The Croghan Colonial Bank provides SBA 7(a) financing with particularly strong presence in OH. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
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