The Lowell Five Cent Savings Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by The Lowell Five Cent Savings Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 562991 | Septic Tank and Related Services | 24 | $3.0M | $125K | 21.4% |
| 445131 | Other | 16 | $1.4M | $91K | 14.3% |
| 722511 | Full-Service Restaurants | 16 | $37.8M | $2.4M | 14.3% |
| 722513 | Limited-Service Restaurants | 8 | $3.6M | $445K | 7.1% |
| 445320 | Other | 8 | $2.4M | $300K | 7.1% |
| 812112 | Beauty Salons | 8 | $440K | $55K | 7.1% |
| 713990 | All Other Amusement and Recreation Industries | 8 | $2.8M | $350K | 7.1% |
| 562111 | Solid Waste Collection | 8 | $1.5M | $191K | 7.1% |
| 541430 | Graphic Design Services | 8 | $400K | $50K | 7.1% |
| 312130 | Wineries | 8 | $4.0M | $500K | 7.1% |
Geographic Distribution
SBA lending activity for The Lowell Five Cent Savings Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Massachusetts (MA) | 80 | $52.2M | 71.4% |
| New Hampshire (NH) | 32 | $5.1M | 28.6% |
Why Choose The Lowell Five Cent Savings Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 112 SBA loans approved, totaling $57.3M in financing
- ✓Industry Expertise: Specialized focus on Septic Tank and Related Services, Other, Full-Service Restaurants
- ✓Competitive Terms: Average interest rate of 6.84% with flexible term lengths averaging 76 months
- ✓Loan Range: Loan sizes from $27K to $4.5M, with an average of $512K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in MA, NH
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 Lowell Five Cent Savings Bank SBA lending
What types of businesses does The Lowell Five Cent Savings Bank typically finance?
The Lowell Five Cent Savings Bank specializes in SBA 7(a) lending to specific industries including septic tank and related services, other, full-service restaurants, limited-service restaurants. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The Lowell Five Cent Savings Bank's typical SBA loan terms?
The Lowell Five Cent Savings Bank's SBA 7(a) loans typically feature an average interest rate of 6.84% and average term length of 76 months (approximately 6 years). Loan sizes range from $27K to $4.5M, with an average loan size of $512K.
Do I need a business valuation for a The Lowell Five Cent Savings Bank SBA loan?
Yes, The Lowell Five Cent 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 Lowell Five Cent Savings Bank compare to other SBA lenders?
The Lowell Five Cent Savings Bank has originated 112 SBA loans totaling $57.3M 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 Lowell Five Cent Savings Bank lend in?
The Lowell Five Cent Savings Bank provides SBA 7(a) financing with particularly strong presence in MA, NH. 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.
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Professional valuations are often required for SBA loans over $250,000.
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