The National Grand Bank of Marblehead
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by The National Grand Bank of Marblehead · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 541410 | Interior Design Services | 3 | $131K | $44K | 6.0% |
| 541611 | Administrative Management and General Management Consulting Services | 3 | $130K | $43K | 6.0% |
| 311111 | Dog and Cat Food Manufacturing | 2 | $100K | $50K | 4.0% |
| 114112 | Shellfish Fishing | 2 | $144K | $72K | 4.0% |
| 541490 | Other Specialized Design Services | 2 | $95K | $48K | 4.0% |
| 624410 | Child Care Services | 1 | $100K | $100K | 2.0% |
| 488490 | Other Support Activities for Road Transportation | 1 | $72K | $72K | 2.0% |
| 327991 | Cut Stone and Stone Product Manufacturing | 1 | $140K | $140K | 2.0% |
| 424820 | Wine and Distilled Alcoholic Beverage Merchant Wholesalers | 1 | $65K | $65K | 2.0% |
| 812990 | All Other Personal Services | 1 | $60K | $60K | 2.0% |
Geographic Distribution
SBA lending activity for The National Grand Bank of Marblehead by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Massachusetts (MA) | 50 | $3.7M | 100.0% |
Why Choose The National Grand Bank of Marblehead?
Based on SBA 7(a) lending track record from 1991-2021
- ✓Proven Track Record: 50 SBA loans approved, totaling $3.7M in financing
- ✓Industry Expertise: Specialized focus on Interior Design Services, Administrative Management and General Management Consulting Services, Dog and Cat Food Manufacturing
- ✓Competitive Terms: Average interest rate of 5.60% with flexible term lengths averaging 79 months
- ✓Loan Range: Loan sizes from $15K to $350K, with an average of $74K
- ✓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 National Grand Bank of Marblehead SBA lending
What types of businesses does The National Grand Bank of Marblehead typically finance?
The National Grand Bank of Marblehead specializes in SBA 7(a) lending to specific industries including interior design services, administrative management and general management consulting services, dog and cat food manufacturing, shellfish fishing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The National Grand Bank of Marblehead's typical SBA loan terms?
The National Grand Bank of Marblehead's SBA 7(a) loans typically feature an average interest rate of 5.60% and average term length of 79 months (approximately 7 years). Loan sizes range from $15K to $350K, with an average loan size of $74K.
Do I need a business valuation for a The National Grand Bank of Marblehead SBA loan?
Yes, The National Grand Bank of Marblehead 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 National Grand Bank of Marblehead compare to other SBA lenders?
The National Grand Bank of Marblehead has originated 50 SBA loans totaling $3.7M since 1991. 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 National Grand Bank of Marblehead lend in?
The National Grand Bank of Marblehead 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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Certified valuations are often required for SBA loans over $250,000.
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