BankFirst Financial Services
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by BankFirst Financial Services
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 240 | $98.8M | $412K | 9.7% |
| 722513 | Limited-Service Restaurants | 136 | $66.9M | $492K | 5.5% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 96 | $27.8M | $290K | 3.9% |
| 112511 | Finfish Farming and Fish Hatcheries | 80 | $9.6M | $120K | 3.2% |
| 624410 | Child Day Care Services | 72 | $27.0M | $374K | 2.9% |
| 112320 | Broilers and Other Meat Type | 64 | $80.7M | $1.3M | 2.6% |
| 458110 | Other | 56 | $4.6M | $82K | 2.3% |
| 524210 | Insurance Agencies and Brokerages | 56 | $15.9M | $283K | 2.3% |
| 112340 | Poultry Hatcheries | 56 | $60.6M | $1.1M | 2.3% |
| 713940 | Fitness and Recreational Sports Centers | 48 | $9.4M | $196K | 1.9% |
Geographic Distribution
SBA lending activity for BankFirst Financial Services by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Mississippi (MS) | 1,392 | $579.0M | 56.1% |
| Alabama (AL) | 640 | $167.9M | 25.8% |
| Louisiana (LA) | 280 | $71.1M | 11.3% |
| Tennessee (TN) | 136 | $30.7M | 5.5% |
| Arkansas (AR) | 24 | $3.3M | 1.0% |
| Texas (TX) | 8 | $200K | 0.3% |
Why Choose BankFirst Financial Services?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 2,480 SBA loans approved, totaling $852.2M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Limited-Service Restaurants, Offices of Physicians (except Mental Health Specialists)
- ✓Competitive Terms: Average interest rate of 7.54% with flexible term lengths averaging 141 months
- ✓Loan Range: Loan sizes from $15K to $3.0M, with an average of $344K
- ✓Nationwide Reach: Active lending in 6 states, with strong presence in MS, AL, LA
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 BankFirst Financial Services SBA lending
What types of businesses does BankFirst Financial Services typically finance?
BankFirst Financial Services specializes in SBA 7(a) lending to specific industries including full-service restaurants, limited-service restaurants, offices of physicians (except mental health specialists), finfish farming and fish hatcheries. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are BankFirst Financial Services's typical SBA loan terms?
BankFirst Financial Services's SBA 7(a) loans typically feature an average interest rate of 7.54% and average term length of 141 months (approximately 12 years). Loan sizes range from $15K to $3.0M, with an average loan size of $344K.
Do I need a business valuation for a BankFirst Financial Services SBA loan?
Yes, BankFirst Financial Services 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 BankFirst Financial Services compare to other SBA lenders?
BankFirst Financial Services has originated 2,480 SBA loans totaling $852.2M since 2020. 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 BankFirst Financial Services lend in?
BankFirst Financial Services provides SBA 7(a) financing with particularly strong presence in MS, AL, LA, TN, AR. 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?
Professional valuations are often required for SBA loans over $250,000.
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