Tompkins Community Bank
SBA 7(a) Lending Profile · FY 2021 analysis
Industry Focus
Top industries served by Tompkins Community Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 484110 | General Freight Trucking, Local | 80 | $9.8M | $122K | 5.6% |
| 722511 | Full-Service Restaurants | 72 | $9.4M | $130K | 5.0% |
| 561730 | Landscaping Services | 48 | $24.2M | $505K | 3.3% |
| 722513 | Limited-Service Restaurants | 48 | $7.4M | $154K | 3.3% |
| 236115 | New Single-Family Housing Construction (except Operative Builders) | 32 | $10.8M | $338K | 2.2% |
| 812910 | Pet Care (except Veterinary) Services | 24 | $3.5M | $148K | 1.7% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 24 | $2.6M | $108K | 1.7% |
| 323111 | Commercial Gravure Printing | 24 | $40.2M | $1.7M | 1.7% |
| 811310 | Commercial and Industrial Machinery and Equipment (except Automotive a | 24 | $1.2M | $48K | 1.7% |
| 621420 | Outpatient Mental Health and Substance Abuse Centers | 24 | $1.9M | $79K | 1.7% |
Geographic Distribution
SBA lending activity for Tompkins Community Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New York (NY) | 1,328 | $212.8M | 92.2% |
| Pennsylvania (PA) | 88 | $86.9M | 6.1% |
| Connecticut (CT) | 24 | $5.1M | 1.7% |
Why Choose Tompkins Community Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 1,440 SBA loans approved, totaling $304.8M in financing
- ✓Industry Expertise: Specialized focus on General Freight Trucking, Local, Full-Service Restaurants, Landscaping Services
- ✓Competitive Terms: Average interest rate of 7.37% with flexible term lengths averaging 99 months
- ✓Loan Range: Loan sizes from $10K to $4.8M, with an average of $212K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in NY, PA, CT
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 Tompkins Community Bank SBA lending
What types of businesses does Tompkins Community Bank typically finance?
Tompkins Community Bank specializes in SBA 7(a) lending to specific industries including general freight trucking, local, full-service restaurants, landscaping services, limited-service restaurants. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Tompkins Community Bank's typical SBA loan terms?
Tompkins Community Bank's SBA 7(a) loans typically feature an average interest rate of 7.37% and average term length of 99 months (approximately 8 years). Loan sizes range from $10K to $4.8M, with an average loan size of $212K.
Do I need a business valuation for a Tompkins Community Bank SBA loan?
Yes, Tompkins Community 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 Tompkins Community Bank compare to other SBA lenders?
Tompkins Community Bank has originated 1,440 SBA loans totaling $304.8M 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 Tompkins Community Bank lend in?
Tompkins Community Bank provides SBA 7(a) financing with particularly strong presence in NY, PA, CT. 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?
Professional valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.