The Oneida Savings Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by The Oneida Savings Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 335921 | Fiber Optic Cable Manufacturing | 1 | $285K | $285K | 20.0% |
| 811111 | General Automotive Repair | 1 | $50K | $50K | 20.0% |
Geographic Distribution
SBA lending activity for The Oneida Savings Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New York (NY) | 5 | $925K | 100.0% |
Why Choose The Oneida Savings Bank?
Based on SBA 7(a) lending track record from 2002-2003
- ✓Proven Track Record: 5 SBA loans approved, totaling $925K in financing
- ✓Industry Expertise: Specialized focus on Fiber Optic Cable Manufacturing, General Automotive Repair
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 146 months
- ✓Loan Range: Loan sizes from $40K to $350K, with an average of $185K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in NY
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 Oneida Savings Bank SBA lending
What types of businesses does The Oneida Savings Bank typically finance?
The Oneida Savings Bank specializes in SBA 7(a) lending to specific industries including fiber optic cable manufacturing, general automotive repair. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The Oneida Savings Bank's typical SBA loan terms?
The Oneida Savings Bank's SBA 7(a) loans typically feature an average interest rate of — and average term length of 146 months (approximately 12 years). Loan sizes range from $40K to $350K, with an average loan size of $185K.
Do I need a business valuation for a The Oneida Savings Bank SBA loan?
Yes, The Oneida 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 Oneida Savings Bank compare to other SBA lenders?
The Oneida Savings Bank has originated 5 SBA loans totaling $925K since 2002. 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 Oneida Savings Bank lend in?
The Oneida Savings Bank provides SBA 7(a) financing with particularly strong presence in NY. 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.
Explore Industry Reports →Need a Business Valuation?
Certified valuations are often required for SBA loans over $250,000.
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