Unity Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Unity Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 168 | $191.0M | $1.1M | 16.7% |
| 713940 | Fitness and Recreational Sports Centers | 64 | $84.0M | $1.3M | 6.3% |
| 722513 | Limited-Service Restaurants | 48 | $27.8M | $579K | 4.8% |
| 721110 | Hotels (except Casino Hotels) and Motels | 48 | $106.6M | $2.2M | 4.8% |
| 722410 | Drinking Places (Alcoholic Beverages) | 40 | $37.2M | $930K | 4.0% |
| 812112 | Beauty Salons | 32 | $50.1M | $1.6M | 3.2% |
| 445310 | Beer, Wine, and Liquor Stores | 24 | $47.8M | $2.0M | 2.4% |
| 444130 | Hardware Stores | 24 | $1.0M | $42K | 2.4% |
| 812910 | Pet Care (except Veterinary) Services | 24 | $67.6M | $2.8M | 2.4% |
| 484121 | General Freight Trucking, Long Distance, Truckload | 16 | $25.7M | $1.6M | 1.6% |
Geographic Distribution
SBA lending activity for Unity Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New Jersey (NJ) | 680 | $778.0M | 67.5% |
| New York (NY) | 104 | $160.5M | 10.3% |
| Pennsylvania (PA) | 96 | $151.1M | 9.5% |
| Minnesota (MN) | 104 | $18.1M | 10.3% |
| Delaware (DE) | 8 | $3.3M | 0.8% |
| Montana (MT) | 8 | $1.2M | 0.8% |
| Wisconsin (WI) | 8 | $1.0M | 0.8% |
Why Choose Unity Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 1,008 SBA loans approved, totaling $1.11B in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Fitness and Recreational Sports Centers, Limited-Service Restaurants
- ✓Competitive Terms: Average interest rate of 7.29% with flexible term lengths averaging 215 months
- ✓Loan Range: Loan sizes from $10K to $5.0M, with an average of $1.1M
- ✓Nationwide Reach: Active lending in 7 states, with strong presence in NJ, NY, MN
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 Bank SBA lending
What types of businesses does Unity Bank typically finance?
Unity Bank specializes in SBA 7(a) lending to specific industries including full-service restaurants, fitness and recreational sports centers, limited-service restaurants, hotels (except casino hotels) and motels. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Unity Bank's typical SBA loan terms?
Unity Bank's SBA 7(a) loans typically feature an average interest rate of 7.29% and average term length of 215 months (approximately 18 years). Loan sizes range from $10K to $5.0M, with an average loan size of $1.1M.
Do I need a business valuation for a Unity Bank SBA loan?
Yes, Unity 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 Unity Bank compare to other SBA lenders?
Unity Bank has originated 1,008 SBA loans totaling $1.11B 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 Unity Bank lend in?
Unity Bank provides SBA 7(a) financing with particularly strong presence in NJ, NY, MN, PA, MT. 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.