AimBank, A Division of First Bank and Trust
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by AimBank, A Division of First Bank and Trust · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 332710 | Machine Shops | 1 | $360K | $360K | 25.0% |
| 484220 | Specialized Freight (except Used Goods) Trucking, Local | 1 | $65K | $65K | 25.0% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 1 | $500K | $500K | 25.0% |
Geographic Distribution
SBA lending activity for AimBank, A Division of First Bank and Trust by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Texas (TX) | 4 | $951K | 100.0% |
Why Choose AimBank, A Division of First Bank and Trust?
Based on SBA 7(a) lending track record from 2005-2013
- ✓Proven Track Record: 4 SBA loans approved, totaling $951K in financing
- ✓Industry Expertise: Specialized focus on Machine Shops, Specialized Freight (except Used Goods) Trucking, Local, Plumbing, Heating, and Air-Conditioning Contractors
- ✓Competitive Terms: Average interest rate of 6.00% with flexible term lengths averaging 66 months
- ✓Loan Range: Loan sizes from $26K to $500K, with an average of $238K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in TX
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 AimBank, A Division of First Bank and Trust SBA lending
What types of businesses does AimBank, A Division of First Bank and Trust typically finance?
AimBank, A Division of First Bank and Trust specializes in SBA 7(a) lending to specific industries including machine shops, specialized freight (except used goods) trucking, local, plumbing, heating, and air-conditioning contractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are AimBank, A Division of First Bank and Trust's typical SBA loan terms?
AimBank, A Division of First Bank and Trust's SBA 7(a) loans typically feature an average interest rate of 6.00% and average term length of 66 months (approximately 6 years). Loan sizes range from $26K to $500K, with an average loan size of $238K.
Do I need a business valuation for a AimBank, A Division of First Bank and Trust SBA loan?
Yes, AimBank, A Division of First Bank and Trust 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 AimBank, A Division of First Bank and Trust compare to other SBA lenders?
AimBank, A Division of First Bank and Trust has originated 4 SBA loans totaling $951K since 2005. 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 AimBank, A Division of First Bank and Trust lend in?
AimBank, A Division of First Bank and Trust provides SBA 7(a) financing with particularly strong presence in TX. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
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