The Pittsfield Co-operative Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by The Pittsfield Co-operative Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811121 | Automotive Body, Paint, and Interior Repair and Maintenance | 2 | $115K | $58K | 3.3% |
| 713120 | Amusement Arcades | 2 | $250K | $125K | 3.3% |
| 441120 | Used Car Dealers | 2 | $275K | $138K | 3.3% |
| 484110 | General Freight Trucking, Local | 2 | $90K | $45K | 3.3% |
| 238990 | All Other Specialty Trade Contractors | 2 | $300K | $150K | 3.3% |
| 624410 | Child Care Services | 1 | $60K | $60K | 1.7% |
| 332710 | Machine Shops | 1 | $145K | $145K | 1.7% |
| 722410 | Drinking Places (Alcoholic Beverages) | 1 | $110K | $110K | 1.7% |
| 621210 | Offices of Dentists | 1 | $110K | $110K | 1.7% |
| 532490 | Other Commercial and Industrial Machinery and Equipment Rental and Leasing | 1 | $100K | $100K | 1.7% |
Geographic Distribution
SBA lending activity for The Pittsfield Co-operative Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Massachusetts (MA) | 56 | $4.7M | 93.3% |
| New York (NY) | 4 | $660K | 6.7% |
Why Choose The Pittsfield Co-operative Bank?
Based on SBA 7(a) lending track record from 1996-2025
- ✓Proven Track Record: 60 SBA loans approved, totaling $5.3M in financing
- ✓Industry Expertise: Specialized focus on Automotive Body, Paint, and Interior Repair and Maintenance, Amusement Arcades, Used Car Dealers
- ✓Competitive Terms: Average interest rate of 6.47% with flexible term lengths averaging 94 months
- ✓Loan Range: Loan sizes from $15K to $250K, with an average of $89K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in MA, 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 Pittsfield Co-operative Bank SBA lending
What types of businesses does The Pittsfield Co-operative Bank typically finance?
The Pittsfield Co-operative Bank specializes in SBA 7(a) lending to specific industries including automotive body, paint, and interior repair and maintenance, amusement arcades, used car dealers, general freight trucking, local. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The Pittsfield Co-operative Bank's typical SBA loan terms?
The Pittsfield Co-operative Bank's SBA 7(a) loans typically feature an average interest rate of 6.47% and average term length of 94 months (approximately 8 years). Loan sizes range from $15K to $250K, with an average loan size of $89K.
Do I need a business valuation for a The Pittsfield Co-operative Bank SBA loan?
Yes, The Pittsfield Co-operative 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 Pittsfield Co-operative Bank compare to other SBA lenders?
The Pittsfield Co-operative Bank has originated 60 SBA loans totaling $5.3M since 1996. 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 Pittsfield Co-operative Bank lend in?
The Pittsfield Co-operative Bank provides SBA 7(a) financing with particularly strong presence in MA, 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.
Get your certified valuation from Fair Market Value.