Wells River Savings Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Wells River Savings Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 2 | $345K | $173K | 13.3% |
| 722330 | Mobile Food Services | 2 | $58K | $29K | 13.3% |
| 484121 | General Freight Trucking, Long-Distance, Truckload | 1 | $101K | $101K | 6.7% |
| 213111 | Drilling Oil and Gas Wells | 1 | $34K | $34K | 6.7% |
| 332312 | Fabricated Structural Metal Manufacturing | 1 | $135K | $135K | 6.7% |
| 531311 | Residential Property Managers | 1 | $70K | $70K | 6.7% |
| 541940 | Veterinary Services | 1 | $345K | $345K | 6.7% |
| 562111 | Solid Waste Collection | 1 | $290K | $290K | 6.7% |
| 532411 | Commercial Air, Rail, and Water Transportation Equipment Rental and Leasing | 1 | $750K | $750K | 6.7% |
| 624410 | Child Care Services | 1 | $150K | $150K | 6.7% |
Geographic Distribution
SBA lending activity for Wells River Savings Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Vermont (VT) | 10 | $1.9M | 66.7% |
| New Hampshire (NH) | 5 | $457K | 33.3% |
Why Choose Wells River Savings Bank?
Based on SBA 7(a) lending track record from 1995-2019
- ✓Proven Track Record: 15 SBA loans approved, totaling $2.4M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Mobile Food Services, General Freight Trucking, Long-Distance, Truckload
- ✓Competitive Terms: Average interest rate of 5.24% with flexible term lengths averaging 76 months
- ✓Loan Range: Loan sizes from $18K to $750K, with an average of $158K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in VT, NH
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 Wells River Savings Bank SBA lending
What types of businesses does Wells River Savings Bank typically finance?
Wells River Savings Bank specializes in SBA 7(a) lending to specific industries including full-service restaurants, mobile food services, general freight trucking, long-distance, truckload, drilling oil and gas wells. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Wells River Savings Bank's typical SBA loan terms?
Wells River Savings Bank's SBA 7(a) loans typically feature an average interest rate of 5.24% and average term length of 76 months (approximately 6 years). Loan sizes range from $18K to $750K, with an average loan size of $158K.
Do I need a business valuation for a Wells River Savings Bank SBA loan?
Yes, Wells River 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 Wells River Savings Bank compare to other SBA lenders?
Wells River Savings Bank has originated 15 SBA loans totaling $2.4M 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 Wells River Savings Bank lend in?
Wells River Savings Bank provides SBA 7(a) financing with particularly strong presence in VT, NH. 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.
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