Ulster Savings Bank
SBA 7(a) Lending Profile · FY 2021 analysis
Industry Focus
Top industries served by Ulster Savings Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 238160 | Roofing Contractors | 8 | $9.7M | $1.2M | 25.0% |
| 511210 | Software Publishers | 8 | $28.0M | $3.5M | 25.0% |
| 517919 | All Other Telecommunications | 8 | $8.1M | $1.0M | 25.0% |
| 311513 | Cheese Manufacturing | 8 | $33.8M | $4.2M | 25.0% |
Geographic Distribution
SBA lending activity for Ulster Savings Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New York (NY) | 32 | $79.6M | 100.0% |
Why Choose Ulster Savings Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 32 SBA loans approved, totaling $79.6M in financing
- ✓Industry Expertise: Specialized focus on Roofing Contractors, Software Publishers, All Other Telecommunications
- ✓Competitive Terms: Average interest rate of 5.25% with flexible term lengths averaging 150 months
- ✓Loan Range: Loan sizes from $1.0M to $4.2M, with an average of $2.5M
- ✓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 Ulster Savings Bank SBA lending
What types of businesses does Ulster Savings Bank typically finance?
Ulster Savings Bank specializes in SBA 7(a) lending to specific industries including roofing contractors, software publishers, all other telecommunications, cheese manufacturing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Ulster Savings Bank's typical SBA loan terms?
Ulster Savings Bank's SBA 7(a) loans typically feature an average interest rate of 5.25% and average term length of 150 months (approximately 13 years). Loan sizes range from $1.0M to $4.2M, with an average loan size of $2.5M.
Do I need a business valuation for a Ulster Savings Bank SBA loan?
Yes, Ulster 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 Ulster Savings Bank compare to other SBA lenders?
Ulster Savings Bank has originated 32 SBA loans totaling $79.6M 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 Ulster Savings Bank lend in?
Ulster 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?
Professional valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.