1st Trust Bank, Inc.
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by 1st Trust Bank, Inc. · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|
Geographic Distribution
SBA lending activity for 1st Trust Bank, Inc. by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Kentucky (KY) | 1 | $1.6M | 100.0% |
Why Choose 1st Trust Bank, Inc.?
Based on SBA 7(a) lending track record from 2010-2010
- ✓Proven Track Record: 1 SBA loans approved, totaling $1.6M in financing
- ✓Industry Expertise: Specialized focus on
- ✓Competitive Terms: Average interest rate of 5.50% with flexible term lengths averaging 240 months
- ✓Loan Range: Loan sizes from $1.6M to $1.6M, with an average of $1.6M
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in KY
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 Trust Bank, Inc. SBA lending
What types of businesses does 1st Trust Bank, Inc. typically finance?
1st Trust Bank, Inc. specializes in SBA 7(a) lending to specific industries including . They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are 1st Trust Bank, Inc.'s typical SBA loan terms?
1st Trust Bank, Inc.'s SBA 7(a) loans typically feature an average interest rate of 5.50% and average term length of 240 months (approximately 20 years). Loan sizes range from $1.6M to $1.6M, with an average loan size of $1.6M.
Do I need a business valuation for a 1st Trust Bank, Inc. SBA loan?
Yes, 1st Trust Bank, Inc. 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 Trust Bank, Inc. compare to other SBA lenders?
1st Trust Bank, Inc. has originated 1 SBA loans totaling $1.6M since 2010. 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 Trust Bank, Inc. lend in?
1st Trust Bank, Inc. provides SBA 7(a) financing with particularly strong presence in KY. 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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