Citizens First National Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Citizens First National Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 441110 | New Car Dealers | 1 | $70K | $70K | 5.9% |
| 621210 | Offices of Dentists | 1 | $31K | $31K | 5.9% |
| 541512 | Computer Systems Design Services | 1 | $35K | $35K | 5.9% |
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 1 | $149K | $149K | 5.9% |
| 811111 | General Automotive Repair | 1 | $90K | $90K | 5.9% |
Geographic Distribution
SBA lending activity for Citizens First National Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Iowa (IA) | 16 | $972K | 94.1% |
| California (CA) | 1 | $35K | 5.9% |
Why Choose Citizens First National Bank?
Based on SBA 7(a) lending track record from 1992-2002
- ✓Proven Track Record: 17 SBA loans approved, totaling $1.0M in financing
- ✓Industry Expertise: Specialized focus on New Car Dealers, Offices of Dentists, Computer Systems Design Services
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 105 months
- ✓Loan Range: Loan sizes from $15K to $149K, with an average of $59K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in IA, CA
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 First National Bank SBA lending
What types of businesses does Citizens First National Bank typically finance?
Citizens First National Bank specializes in SBA 7(a) lending to specific industries including new car dealers, offices of dentists, computer systems design services, supermarkets and other grocery retailers (except convenience retailers). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Citizens First National Bank's typical SBA loan terms?
Citizens First National Bank's SBA 7(a) loans typically feature an average interest rate of — and average term length of 105 months (approximately 9 years). Loan sizes range from $15K to $149K, with an average loan size of $59K.
Do I need a business valuation for a Citizens First National Bank SBA loan?
Yes, Citizens First National 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 First National Bank compare to other SBA lenders?
Citizens First National Bank has originated 17 SBA loans totaling $1.0M since 1992. 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 First National Bank lend in?
Citizens First National Bank provides SBA 7(a) financing with particularly strong presence in IA, CA. 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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