States Served
Top Industries Financed
- Hotels (except Casino Hotels) and Motels
- All Other Professional, Scientific, and Technical Services
- Limited-Service Restaurants
- Full-Service Restaurants
- Baked Goods Stores
Quick Summary
Spring Bank is an SBA-approved lender headquartered in NEW YORK CITY, New York. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 19 SBA 7(a) loans totaling $25.9M, with an average loan size of $1.4M. They serve businesses across 3 states.
About Spring Bank
Spring Bank is an SBA-approved lender headquartered in NEW YORK CITY, New York. Since 2020, they have approved 19 SBA 7(a) loans totaling $25.9M, with an average loan size of $1.4M. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They serve businesses across 3 states.
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Frequently Asked Questions
Is Spring Bank an SBA Preferred Lender?
Yes, Spring Bank is an SBA Preferred Lender (PLP). This means they have delegated authority from the SBA to approve loans without prior SBA review, resulting in faster approvals — typically 7–10 business days instead of 4–6 weeks.
How many SBA loans has Spring Bank approved?
According to SBA FOIA public records, Spring Bank has approved 19 SBA 7(a) loans totaling $25.9M since 2020. Their average loan size is $1.4M.
What states does Spring Bank serve?
Spring Bank serves businesses in 3 states: Connecticut, New Jersey, New York.
How do I apply for an SBA loan with Spring Bank?
To apply for an SBA 7(a) loan with Spring Bank, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.
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