AmeriFirst Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by AmeriFirst Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 237310 | Highway, Street, and Bridge Construction | 1 | $315K | $315K | 11.1% |
| 541110 | Offices of Lawyers | 1 | $40K | $40K | 11.1% |
Geographic Distribution
SBA lending activity for AmeriFirst Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Alabama (AL) | 7 | $608K | 77.8% |
| Georgia (GA) | 1 | $45K | 11.1% |
| Florida (FL) | 1 | $20K | 11.1% |
Why Choose AmeriFirst Bank?
Based on SBA 7(a) lending track record from 1995-2010
- ✓Proven Track Record: 9 SBA loans approved, totaling $673K in financing
- ✓Industry Expertise: Specialized focus on Highway, Street, and Bridge Construction, Offices of Lawyers
- ✓Competitive Terms: Average interest rate of 6.00% with flexible term lengths averaging 104 months
- ✓Loan Range: Loan sizes from $20K to $315K, with an average of $75K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in AL, FL, GA
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 AmeriFirst Bank SBA lending
What types of businesses does AmeriFirst Bank typically finance?
AmeriFirst Bank specializes in SBA 7(a) lending to specific industries including highway, street, and bridge construction, offices of lawyers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are AmeriFirst Bank's typical SBA loan terms?
AmeriFirst Bank's SBA 7(a) loans typically feature an average interest rate of 6.00% and average term length of 104 months (approximately 9 years). Loan sizes range from $20K to $315K, with an average loan size of $75K.
Do I need a business valuation for a AmeriFirst Bank SBA loan?
Yes, AmeriFirst 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 AmeriFirst Bank compare to other SBA lenders?
AmeriFirst Bank has originated 9 SBA loans totaling $673K since 1995. 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 AmeriFirst Bank lend in?
AmeriFirst Bank provides SBA 7(a) financing with particularly strong presence in AL, FL, GA. 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.