The Savings Bank
SBA 7(a) Lending Profile · FY 2021 analysis
Industry Focus
Top industries served by The Savings Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 621399 | Offices of All Other Miscellaneous Health Practitioners | 16 | $1.7M | $106K | 18.2% |
| 484121 | General Freight Trucking, Long Distance, Truckload | 8 | $270K | $34K | 9.1% |
| 561439 | Other Business Service Centers (including Copy Shops) | 8 | $2.6M | $320K | 9.1% |
| 238210 | Electrical Contractors | 8 | $4.0M | $500K | 9.1% |
| 541715 | Other | 8 | $480K | $60K | 9.1% |
| 456120 | Other | 8 | $480K | $60K | 9.1% |
| 541211 | Offices of Certified Public Accountants | 8 | $776K | $97K | 9.1% |
| 561599 | All Other Travel Arrangement and Reservation Services | 8 | $400K | $50K | 9.1% |
| 311520 | Ice Cream and Frozen Dessert Manufacturing | 8 | $800K | $100K | 9.1% |
| 611430 | Professional and Management Development Training | 8 | $2.8M | $350K | 9.1% |
Geographic Distribution
SBA lending activity for The Savings Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Massachusetts (MA) | 88 | $14.3M | 100.0% |
Why Choose The Savings Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 88 SBA loans approved, totaling $14.3M in financing
- ✓Industry Expertise: Specialized focus on Offices of All Other Miscellaneous Health Practitioners, General Freight Trucking, Long Distance, Truckload, Other Business Service Centers (including Copy Shops)
- ✓Competitive Terms: Average interest rate of 8.14% with flexible term lengths averaging 90 months
- ✓Loan Range: Loan sizes from $34K to $500K, with an average of $162K
- ✓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 Savings Bank SBA lending
What types of businesses does The Savings Bank typically finance?
The Savings Bank specializes in SBA 7(a) lending to specific industries including offices of all other miscellaneous health practitioners, general freight trucking, long distance, truckload, other business service centers (including copy shops), electrical contractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The Savings Bank's typical SBA loan terms?
The Savings Bank's SBA 7(a) loans typically feature an average interest rate of 8.14% and average term length of 90 months (approximately 8 years). Loan sizes range from $34K to $500K, with an average loan size of $162K.
Do I need a business valuation for a The Savings Bank SBA loan?
Yes, The 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 Savings Bank compare to other SBA lenders?
The Savings Bank has originated 88 SBA loans totaling $14.3M 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 Savings Bank lend in?
The Savings Bank 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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