1st Advantage Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by 1st Advantage Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 561740 | Carpet and Upholstery Cleaning Services | 1 | $295K | $295K | 33.3% |
| 812990 | All Other Personal Services | 1 | $266K | $266K | 33.3% |
| 561110 | Office Administrative Services | 1 | $140K | $140K | 33.3% |
Geographic Distribution
SBA lending activity for 1st Advantage Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Missouri (MO) | 3 | $701K | 100.0% |
Why Choose 1st Advantage Bank?
Based on SBA 7(a) lending track record from 2014-2018
- ✓Proven Track Record: 3 SBA loans approved, totaling $701K in financing
- ✓Industry Expertise: Specialized focus on Carpet and Upholstery Cleaning Services, All Other Personal Services, Office Administrative Services
- ✓Competitive Terms: Average interest rate of 5.92% with flexible term lengths averaging 128 months
- ✓Loan Range: Loan sizes from $140K to $295K, with an average of $234K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MO
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 1st Advantage Bank SBA lending
What types of businesses does 1st Advantage Bank typically finance?
1st Advantage Bank specializes in SBA 7(a) lending to specific industries including carpet and upholstery cleaning services, all other personal services, office administrative services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are 1st Advantage Bank's typical SBA loan terms?
1st Advantage Bank's SBA 7(a) loans typically feature an average interest rate of 5.92% and average term length of 128 months (approximately 11 years). Loan sizes range from $140K to $295K, with an average loan size of $234K.
Do I need a business valuation for a 1st Advantage Bank SBA loan?
Yes, 1st Advantage 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 1st Advantage Bank compare to other SBA lenders?
1st Advantage Bank has originated 3 SBA loans totaling $701K since 2014. 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 1st Advantage Bank lend in?
1st Advantage Bank provides SBA 7(a) financing with particularly strong presence in MO. 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?
Certified valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.