1st United Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by 1st United Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 624410 | Child Care Services | 9 | $7.6M | $844K | 7.1% |
| 541410 | Interior Design Services | 4 | $1.1M | $277K | 3.1% |
| 445291 | Baked Goods Retailers | 3 | $2.1M | $697K | 2.4% |
| 524210 | Insurance Agencies and Brokerages | 3 | $565K | $188K | 2.4% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 3 | $600K | $200K | 2.4% |
| 561740 | Carpet and Upholstery Cleaning Services | 3 | $258K | $86K | 2.4% |
| 812112 | Beauty Salons | 3 | $1.9M | $628K | 2.4% |
| 621512 | Diagnostic Imaging Centers | 3 | $2.1M | $698K | 2.4% |
| 713940 | Fitness and Recreational Sports Centers | 3 | $2.2M | $731K | 2.4% |
| 541430 | Graphic Design Services | 3 | $1.3M | $422K | 2.4% |
Geographic Distribution
SBA lending activity for 1st United Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Florida (FL) | 123 | $65.7M | 96.9% |
| Minnesota (MN) | 4 | $1.9M | 3.1% |
Why Choose 1st United Bank?
Based on SBA 7(a) lending track record from 1997-2008
- ✓Proven Track Record: 127 SBA loans approved, totaling $67.5M in financing
- ✓Industry Expertise: Specialized focus on Child Care Services, Interior Design Services, Baked Goods Retailers
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 141 months
- ✓Loan Range: Loan sizes from $25K to $2.0M, with an average of $532K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in FL, 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 United Bank SBA lending
What types of businesses does 1st United Bank typically finance?
1st United Bank specializes in SBA 7(a) lending to specific industries including child care services, interior design services, baked goods retailers, insurance agencies and brokerages. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are 1st United Bank's typical SBA loan terms?
1st United Bank's SBA 7(a) loans typically feature an average interest rate of — and average term length of 141 months (approximately 12 years). Loan sizes range from $25K to $2.0M, with an average loan size of $532K.
Do I need a business valuation for a 1st United Bank SBA loan?
Yes, 1st United 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 United Bank compare to other SBA lenders?
1st United Bank has originated 127 SBA loans totaling $67.5M since 1997. 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 United Bank lend in?
1st United Bank provides SBA 7(a) financing with particularly strong presence in FL, 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.