Wainwright Bank & Trust Company
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Wainwright Bank & Trust Company · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812310 | Coin-Operated Laundries and Drycleaners | 1 | $44K | $44K | 20.0% |
| 312130 | Wineries | 1 | $45K | $45K | 20.0% |
Geographic Distribution
SBA lending activity for Wainwright Bank & Trust Company by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Massachusetts (MA) | 5 | $600K | 100.0% |
Why Choose Wainwright Bank & Trust Company?
Based on SBA 7(a) lending track record from 1995-1997
- ✓Proven Track Record: 5 SBA loans approved, totaling $600K in financing
- ✓Industry Expertise: Specialized focus on Coin-Operated Laundries and Drycleaners, Wineries
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 60 months
- ✓Loan Range: Loan sizes from $44K to $400K, with an average of $120K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MA
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 Wainwright Bank & Trust Company SBA lending
What types of businesses does Wainwright Bank & Trust Company typically finance?
Wainwright Bank & Trust Company specializes in SBA 7(a) lending to specific industries including coin-operated laundries and drycleaners, wineries. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Wainwright Bank & Trust Company's typical SBA loan terms?
Wainwright Bank & Trust Company's SBA 7(a) loans typically feature an average interest rate of — and average term length of 60 months (approximately 5 years). Loan sizes range from $44K to $400K, with an average loan size of $120K.
Do I need a business valuation for a Wainwright Bank & Trust Company SBA loan?
Yes, Wainwright Bank & Trust Company 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 Wainwright Bank & Trust Company compare to other SBA lenders?
Wainwright Bank & Trust Company has originated 5 SBA loans totaling $600K since 1995. 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 Wainwright Bank & Trust Company lend in?
Wainwright Bank & Trust Company provides SBA 7(a) financing with particularly strong presence in MA. 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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