Waterford Bank, National Association
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Waterford Bank, National Association
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 561730 | Landscaping Services | 16 | $3.8M | $237K | 33.3% |
| 812199 | Other Personal Care Services | 8 | $2.9M | $365K | 16.7% |
| 488410 | Motor Vehicle Towing | 8 | $2.8M | $350K | 16.7% |
| 423990 | Other Miscellaneous Durable Goods Merchant Wholesalers | 8 | $40.0M | $5.0M | 16.7% |
| 459310 | Other | 8 | $33.0M | $4.1M | 16.7% |
Geographic Distribution
SBA lending activity for Waterford Bank, National Association by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Michigan (MI) | 40 | $79.6M | 83.3% |
| Ohio (OH) | 8 | $2.9M | 16.7% |
Why Choose Waterford Bank, National Association?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 48 SBA loans approved, totaling $82.6M in financing
- ✓Industry Expertise: Specialized focus on Landscaping Services, Other Personal Care Services, Motor Vehicle Towing
- ✓Competitive Terms: Average interest rate of 5.46% with flexible term lengths averaging 130 months
- ✓Loan Range: Loan sizes from $100K to $5.0M, with an average of $1.7M
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in MI, OH
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 Waterford Bank, National Association SBA lending
What types of businesses does Waterford Bank, National Association typically finance?
Waterford Bank, National Association specializes in SBA 7(a) lending to specific industries including landscaping services, other personal care services, motor vehicle towing, other miscellaneous durable goods merchant wholesalers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Waterford Bank, National Association's typical SBA loan terms?
Waterford Bank, National Association's SBA 7(a) loans typically feature an average interest rate of 5.46% and average term length of 130 months (approximately 11 years). Loan sizes range from $100K to $5.0M, with an average loan size of $1.7M.
Do I need a business valuation for a Waterford Bank, National Association SBA loan?
Yes, Waterford Bank, National Association 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 Waterford Bank, National Association compare to other SBA lenders?
Waterford Bank, National Association has originated 48 SBA loans totaling $82.6M 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 Waterford Bank, National Association lend in?
Waterford Bank, National Association provides SBA 7(a) financing with particularly strong presence in MI, OH. 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.