Community 1st Bank Las Vegas
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Community 1st Bank Las Vegas · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 237310 | Highway, Street, and Bridge Construction | 7 | $491K | $70K | 8.4% |
| 238990 | All Other Specialty Trade Contractors | 5 | $358K | $72K | 6.0% |
| 541330 | Engineering Services | 4 | $1.8M | $438K | 4.8% |
| 621340 | Offices of Physical, Occupational and Speech Therapists, and Audiologists | 4 | $204K | $51K | 4.8% |
| 621610 | Home Health Care Services | 4 | $600K | $150K | 4.8% |
| 721110 | Hotels (except Casino Hotels) and Motels | 3 | $285K | $95K | 3.6% |
| 485410 | School and Employee Bus Transportation | 3 | $516K | $172K | 3.6% |
| 621391 | Offices of Podiatrists | 3 | $2.0M | $667K | 3.6% |
| 621210 | Offices of Dentists | 3 | $375K | $125K | 3.6% |
| 311612 | Meat Processed from Carcasses | 3 | $160K | $53K | 3.6% |
Geographic Distribution
SBA lending activity for Community 1st Bank Las Vegas by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New Mexico (NM) | 83 | $10.4M | 100.0% |
Why Choose Community 1st Bank Las Vegas?
Based on SBA 7(a) lending track record from 1993-2014
- ✓Proven Track Record: 83 SBA loans approved, totaling $10.4M in financing
- ✓Industry Expertise: Specialized focus on Highway, Street, and Bridge Construction, All Other Specialty Trade Contractors, Engineering Services
- ✓Competitive Terms: Average interest rate of 7.46% with flexible term lengths averaging 87 months
- ✓Loan Range: Loan sizes from $3K to $1.2M, with an average of $126K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in NM
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 Community 1st Bank Las Vegas SBA lending
What types of businesses does Community 1st Bank Las Vegas typically finance?
Community 1st Bank Las Vegas specializes in SBA 7(a) lending to specific industries including highway, street, and bridge construction, all other specialty trade contractors, engineering services, offices of physical, occupational and speech therapists, and audiologists. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Community 1st Bank Las Vegas's typical SBA loan terms?
Community 1st Bank Las Vegas's SBA 7(a) loans typically feature an average interest rate of 7.46% and average term length of 87 months (approximately 7 years). Loan sizes range from $3K to $1.2M, with an average loan size of $126K.
Do I need a business valuation for a Community 1st Bank Las Vegas SBA loan?
Yes, Community 1st Bank Las Vegas 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 Community 1st Bank Las Vegas compare to other SBA lenders?
Community 1st Bank Las Vegas has originated 83 SBA loans totaling $10.4M since 1993. 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 Community 1st Bank Las Vegas lend in?
Community 1st Bank Las Vegas provides SBA 7(a) financing with particularly strong presence in NM. 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.