Citizens 1st Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Citizens 1st Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 423840 | Industrial Supplies Merchant Wholesalers | 1 | $290K | $290K | 7.1% |
| 711120 | Dance Companies | 1 | $593K | $593K | 7.1% |
| 484210 | Used Household and Office Goods Moving | 1 | $150K | $150K | 7.1% |
| 621399 | Offices of All Other Miscellaneous Health Practitioners | 1 | $56K | $56K | 7.1% |
| 423450 | Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers | 1 | $275K | $275K | 7.1% |
| 713110 | Amusement and Theme Parks | 1 | $25K | $25K | 7.1% |
| 524128 | Other Direct Insurance (except Life, Health, and Medical) Carriers | 1 | $73K | $73K | 7.1% |
| 611110 | Elementary and Secondary Schools | 1 | $100K | $100K | 7.1% |
| 531210 | Offices of Real Estate Agents and Brokers | 1 | $50K | $50K | 7.1% |
Geographic Distribution
SBA lending activity for Citizens 1st Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Texas (TX) | 14 | $4.5M | 100.0% |
Why Choose Citizens 1st Bank?
Based on SBA 7(a) lending track record from 1998-2017
- ✓Proven Track Record: 14 SBA loans approved, totaling $4.5M in financing
- ✓Industry Expertise: Specialized focus on Industrial Supplies Merchant Wholesalers, Dance Companies, Used Household and Office Goods Moving
- ✓Competitive Terms: Average interest rate of 6.05% with flexible term lengths averaging 132 months
- ✓Loan Range: Loan sizes from $25K to $1.3M, with an average of $323K
- ✓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 Citizens 1st Bank SBA lending
What types of businesses does Citizens 1st Bank typically finance?
Citizens 1st Bank specializes in SBA 7(a) lending to specific industries including industrial supplies merchant wholesalers, dance companies, used household and office goods moving, offices of all other miscellaneous health practitioners. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Citizens 1st Bank's typical SBA loan terms?
Citizens 1st Bank's SBA 7(a) loans typically feature an average interest rate of 6.05% and average term length of 132 months (approximately 11 years). Loan sizes range from $25K to $1.3M, with an average loan size of $323K.
Do I need a business valuation for a Citizens 1st Bank SBA loan?
Yes, Citizens 1st 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 Citizens 1st Bank compare to other SBA lenders?
Citizens 1st Bank has originated 14 SBA loans totaling $4.5M since 1998. 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 Citizens 1st Bank lend in?
Citizens 1st Bank 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
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.
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