Valley National Bank
SBA 7(a) Lending Profile · FY 2023 analysis
Industry Focus
Top industries served by Valley National Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 224 | $271.1M | $1.2M | 11.4% |
| 722513 | Limited-Service Restaurants | 128 | $112.8M | $881K | 6.5% |
| 713940 | Fitness and Recreational Sports Centers | 72 | $50.8M | $706K | 3.7% |
| 812112 | Beauty Salons | 72 | $24.2M | $337K | 3.7% |
| 238210 | Electrical Contractors | 64 | $76.9M | $1.2M | 3.3% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 64 | $32.0M | $500K | 3.3% |
| 624410 | Child Day Care Services | 56 | $85.9M | $1.5M | 2.9% |
| 713990 | All Other Amusement and Recreation Industries | 56 | $175.0M | $3.1M | 2.9% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 40 | $24.3M | $608K | 2.0% |
| 541990 | All Other Professional, Scientific, and Technical Services | 40 | $41.5M | $1.0M | 2.0% |
Geographic Distribution
SBA lending activity for Valley National Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Florida (FL) | 1,352 | $1.57B | 69.0% |
| New York (NY) | 184 | $250.1M | 9.4% |
| New Jersey (NJ) | 248 | $179.1M | 12.7% |
| Massachusetts (MA) | 16 | $62.2M | 0.8% |
| Alabama (AL) | 64 | $53.7M | 3.3% |
| Louisiana (LA) | 32 | $51.7M | 1.6% |
| Georgia (GA) | 24 | $33.6M | 1.2% |
| Connecticut (CT) | 8 | $11.4M | 0.4% |
| South Carolina (SC) | 8 | $8.8M | 0.4% |
| Arizona (AZ) | 8 | $5.7M | 0.4% |
| Colorado (CO) | 8 | $4.0M | 0.4% |
| California (CA) | 8 | $3.3M | 0.4% |
Why Choose Valley National Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 1,960 SBA loans approved, totaling $2.23B in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Limited-Service Restaurants, Fitness and Recreational Sports Centers
- ✓Competitive Terms: Average interest rate of 8.45% with flexible term lengths averaging 171 months
- ✓Loan Range: Loan sizes from $77K to $5.0M, with an average of $1.1M
- ✓Nationwide Reach: Active lending in 12 states, with strong presence in FL, NJ, 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 Valley National Bank SBA lending
What types of businesses does Valley National Bank typically finance?
Valley National Bank specializes in SBA 7(a) lending to specific industries including full-service restaurants, limited-service restaurants, fitness and recreational sports centers, beauty salons. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Valley National Bank's typical SBA loan terms?
Valley National Bank's SBA 7(a) loans typically feature an average interest rate of 8.45% and average term length of 171 months (approximately 14 years). Loan sizes range from $77K to $5.0M, with an average loan size of $1.1M.
Do I need a business valuation for a Valley National Bank SBA loan?
Yes, Valley National 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 Valley National Bank compare to other SBA lenders?
Valley National Bank has originated 1,960 SBA loans totaling $2.23B 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 Valley National Bank lend in?
Valley National Bank provides SBA 7(a) financing with particularly strong presence in FL, NJ, NY, AL, LA. 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.