Unity Bancorp, Inc.
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Unity Bancorp, Inc. · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812320 | Drycleaning and Laundry Services (except Coin-Operated) | 1 | $840K | $840K | 100.0% |
Geographic Distribution
SBA lending activity for Unity Bancorp, Inc. by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Connecticut (CT) | 1 | $840K | 100.0% |
Why Choose Unity Bancorp, Inc.?
Based on SBA 7(a) lending track record from 1999-1999
- ✓Proven Track Record: 1 SBA loans approved, totaling $840K in financing
- ✓Industry Expertise: Specialized focus on Drycleaning and Laundry Services (except Coin-Operated)
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 240 months
- ✓Loan Range: Loan sizes from $840K to $840K, with an average of $840K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in 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 Unity Bancorp, Inc. SBA lending
What types of businesses does Unity Bancorp, Inc. typically finance?
Unity Bancorp, Inc. specializes in SBA 7(a) lending to specific industries including drycleaning and laundry services (except coin-operated). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Unity Bancorp, Inc.'s typical SBA loan terms?
Unity Bancorp, Inc.'s SBA 7(a) loans typically feature an average interest rate of — and average term length of 240 months (approximately 20 years). Loan sizes range from $840K to $840K, with an average loan size of $840K.
Do I need a business valuation for a Unity Bancorp, Inc. SBA loan?
Yes, Unity Bancorp, Inc. 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 Unity Bancorp, Inc. compare to other SBA lenders?
Unity Bancorp, Inc. has originated 1 SBA loans totaling $840K since 1999. 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 Unity Bancorp, Inc. lend in?
Unity Bancorp, Inc. provides SBA 7(a) financing with particularly strong presence in 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.
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