Webster Bank National Association
SBA 7(a) Lending Profile · FY 2021 analysis
Industry Focus
Top industries served by Webster Bank National Association
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 744 | $245.8M | $330K | 6.7% |
| 445320 | Other | 336 | $148.9M | $443K | 3.0% |
| 722513 | Limited-Service Restaurants | 312 | $92.8M | $297K | 2.8% |
| 236118 | Residential Remodelers | 256 | $43.8M | $171K | 2.3% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 232 | $126.2M | $544K | 2.1% |
| 541110 | Offices of Lawyers | 224 | $55.0M | $246K | 2.0% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 200 | $97.5M | $488K | 1.8% |
| 236220 | Commercial and Institutional Building Construction | 184 | $78.9M | $429K | 1.7% |
| 238990 | All Other Specialty Trade Contractors | 184 | $119.5M | $650K | 1.7% |
| 812112 | Beauty Salons | 176 | $22.9M | $130K | 1.6% |
Geographic Distribution
SBA lending activity for Webster Bank National Association by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Connecticut (CT) | 5,344 | $1.75B | 48.0% |
| Massachusetts (MA) | 2,288 | $949.6M | 20.5% |
| New York (NY) | 2,232 | $840.4M | 20.0% |
| Rhode Island (RI) | 816 | $331.7M | 7.3% |
| New Jersey (NJ) | 328 | $219.7M | 2.9% |
| Colorado (CO) | 8 | $30.8M | 0.1% |
| New Hampshire (NH) | 56 | $29.9M | 0.5% |
| South Carolina (SC) | 16 | $7.9M | 0.1% |
| Florida (FL) | 16 | $4.8M | 0.1% |
| Delaware (DE) | 8 | $4.0M | 0.1% |
| Maine (ME) | 16 | $2.4M | 0.1% |
| California (CA) | 8 | $1.1M | 0.1% |
| Pennsylvania (PA) | 8 | $400K | 0.1% |
Why Choose Webster Bank National Association?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 11,144 SBA loans approved, totaling $4.17B in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Other, Limited-Service Restaurants
- ✓Competitive Terms: Average interest rate of 7.71% with flexible term lengths averaging 134 months
- ✓Loan Range: Loan sizes from $7K to $5.0M, with an average of $374K
- ✓Nationwide Reach: Active lending in 13 states, with strong presence in CT, MA, 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 Webster Bank National Association SBA lending
What types of businesses does Webster Bank National Association typically finance?
Webster Bank National Association specializes in SBA 7(a) lending to specific industries including full-service restaurants, other, limited-service restaurants, residential remodelers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Webster Bank National Association's typical SBA loan terms?
Webster Bank National Association's SBA 7(a) loans typically feature an average interest rate of 7.71% and average term length of 134 months (approximately 11 years). Loan sizes range from $7K to $5.0M, with an average loan size of $374K.
Do I need a business valuation for a Webster Bank National Association SBA loan?
Yes, Webster 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 Webster Bank National Association compare to other SBA lenders?
Webster Bank National Association has originated 11,144 SBA loans totaling $4.17B 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 Webster Bank National Association lend in?
Webster Bank National Association provides SBA 7(a) financing with particularly strong presence in CT, MA, NY, RI, NJ. 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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Explore Industry Reports →Need a Business Valuation?
Professional valuations are often required for SBA loans over $250,000.
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