1st Regents Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by 1st Regents Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812990 | All Other Personal Services | 1 | $30K | $30K | 33.3% |
| 238910 | Site Preparation Contractors | 1 | $591K | $591K | 33.3% |
| 811111 | General Automotive Repair | 1 | $300K | $300K | 33.3% |
Geographic Distribution
SBA lending activity for 1st Regents Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 3 | $921K | 100.0% |
Why Choose 1st Regents Bank?
Based on SBA 7(a) lending track record from 2003-2006
- ✓Proven Track Record: 3 SBA loans approved, totaling $921K in financing
- ✓Industry Expertise: Specialized focus on All Other Personal Services, Site Preparation Contractors, General Automotive Repair
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 96 months
- ✓Loan Range: Loan sizes from $30K to $591K, with an average of $307K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MN
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 Regents Bank SBA lending
What types of businesses does 1st Regents Bank typically finance?
1st Regents Bank specializes in SBA 7(a) lending to specific industries including all other personal services, site preparation contractors, general automotive repair. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are 1st Regents Bank's typical SBA loan terms?
1st Regents Bank's SBA 7(a) loans typically feature an average interest rate of — and average term length of 96 months (approximately 8 years). Loan sizes range from $30K to $591K, with an average loan size of $307K.
Do I need a business valuation for a 1st Regents Bank SBA loan?
Yes, 1st Regents 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 Regents Bank compare to other SBA lenders?
1st Regents Bank has originated 3 SBA loans totaling $921K since 2003. 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 Regents Bank lend in?
1st Regents Bank provides SBA 7(a) financing with particularly strong presence in MN. 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.