Webster Five Cents Savings Bank
SBA 7(a) Lending Profile · FY 2020 analysis
Industry Focus
Top industries served by Webster Five Cents Savings Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 713940 | Fitness and Recreational Sports Centers | 64 | $21.9M | $342K | 10.8% |
| 541715 | Other | 48 | $26.9M | $559K | 8.1% |
| 621399 | Offices of All Other Miscellaneous Health Practitioners | 32 | $1.2M | $37K | 5.4% |
| 541990 | All Other Professional, Scientific, and Technical Services | 32 | $10.2M | $318K | 5.4% |
| 812112 | Beauty Salons | 24 | $2.0M | $82K | 4.1% |
| 315990 | Apparel Accessories and Other Apparel Manufacturing | 24 | $3.2M | $133K | 4.1% |
| 236220 | Commercial and Institutional Building Construction | 16 | $2.2M | $136K | 2.7% |
| 238210 | Electrical Contractors | 16 | $2.4M | $151K | 2.7% |
| 488410 | Motor Vehicle Towing | 16 | $240K | $15K | 2.7% |
| 722513 | Limited-Service Restaurants | 16 | $2.7M | $169K | 2.7% |
Geographic Distribution
SBA lending activity for Webster Five Cents Savings Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Massachusetts (MA) | 592 | $110.2M | 100.0% |
Why Choose Webster Five Cents Savings Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 592 SBA loans approved, totaling $110.2M in financing
- ✓Industry Expertise: Specialized focus on Fitness and Recreational Sports Centers, Other, Offices of All Other Miscellaneous Health Practitioners
- ✓Competitive Terms: Average interest rate of 7.03% with flexible term lengths averaging 85 months
- ✓Loan Range: Loan sizes from $14K to $2.0M, with an average of $186K
- ✓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 Webster Five Cents Savings Bank SBA lending
What types of businesses does Webster Five Cents Savings Bank typically finance?
Webster Five Cents Savings Bank specializes in SBA 7(a) lending to specific industries including fitness and recreational sports centers, other, offices of all other miscellaneous health practitioners, all other professional, scientific, and technical services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Webster Five Cents Savings Bank's typical SBA loan terms?
Webster Five Cents Savings Bank's SBA 7(a) loans typically feature an average interest rate of 7.03% and average term length of 85 months (approximately 7 years). Loan sizes range from $14K to $2.0M, with an average loan size of $186K.
Do I need a business valuation for a Webster Five Cents Savings Bank SBA loan?
Yes, Webster Five Cents Savings 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 Webster Five Cents Savings Bank compare to other SBA lenders?
Webster Five Cents Savings Bank has originated 592 SBA loans totaling $110.2M 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 Five Cents Savings Bank lend in?
Webster Five Cents Savings Bank 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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