Community First Bank of the Heartland
SBA 7(a) Lending Profile · FY 2022 analysis
Industry Focus
Top industries served by Community First Bank of the Heartland
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812112 | Beauty Salons | 40 | $2.9M | $72K | 9.6% |
| 484110 | General Freight Trucking, Local | 32 | $10.7M | $333K | 7.7% |
| 721110 | Hotels (except Casino Hotels) and Motels | 32 | $73.3M | $2.3M | 7.7% |
| 333921 | Elevator and Moving Stairway Manufacturing | 24 | $5.6M | $233K | 5.8% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 24 | $4.2M | $177K | 5.8% |
| 492110 | Couriers | 16 | $15.2M | $950K | 3.8% |
| 484220 | Specialized Freight (except Used Goods) Trucking, Local | 16 | $13.4M | $840K | 3.8% |
| 561730 | Landscaping Services | 16 | $1.9M | $120K | 3.8% |
| 812990 | All Other Personal Services | 16 | $784K | $49K | 3.8% |
| 484230 | Specialized Freight (except Used Goods) Trucking, Long-Distance | 16 | $6.2M | $386K | 3.8% |
Geographic Distribution
SBA lending activity for Community First Bank of the Heartland by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Illinois (IL) | 376 | $196.0M | 90.4% |
| Missouri (MO) | 32 | $24.9M | 7.7% |
| Idaho (ID) | 8 | $4.6M | 1.9% |
Why Choose Community First Bank of the Heartland?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 416 SBA loans approved, totaling $225.5M in financing
- ✓Industry Expertise: Specialized focus on Beauty Salons, General Freight Trucking, Local, Hotels (except Casino Hotels) and Motels
- ✓Competitive Terms: Average interest rate of 5.34% with flexible term lengths averaging 137 months
- ✓Loan Range: Loan sizes from $15K to $5.0M, with an average of $542K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in IL, MO, ID
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 First Bank of the Heartland SBA lending
What types of businesses does Community First Bank of the Heartland typically finance?
Community First Bank of the Heartland specializes in SBA 7(a) lending to specific industries including beauty salons, general freight trucking, local, hotels (except casino hotels) and motels, elevator and moving stairway manufacturing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Community First Bank of the Heartland's typical SBA loan terms?
Community First Bank of the Heartland's SBA 7(a) loans typically feature an average interest rate of 5.34% and average term length of 137 months (approximately 11 years). Loan sizes range from $15K to $5.0M, with an average loan size of $542K.
Do I need a business valuation for a Community First Bank of the Heartland SBA loan?
Yes, Community First Bank of the Heartland 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 First Bank of the Heartland compare to other SBA lenders?
Community First Bank of the Heartland has originated 416 SBA loans totaling $225.5M 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 Community First Bank of the Heartland lend in?
Community First Bank of the Heartland provides SBA 7(a) financing with particularly strong presence in IL, MO, ID. 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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