Far East National Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Far East National Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 621111 | Offices of Physicians (except Mental Health Specialists) | 6 | $3.1M | $515K | 2.0% |
| 541511 | Custom Computer Programming Services | 6 | $2.2M | $359K | 2.0% |
| 441120 | Used Car Dealers | 5 | $2.3M | $468K | 1.6% |
| 541110 | Offices of Lawyers | 4 | $470K | $118K | 1.3% |
| 721110 | Hotels (except Casino Hotels) and Motels | 4 | $1.7M | $430K | 1.3% |
| 311811 | Retail Bakeries | 4 | $1.2M | $292K | 1.3% |
| 332312 | Fabricated Structural Metal Manufacturing | 3 | $660K | $220K | 1.0% |
| 621210 | Offices of Dentists | 3 | $785K | $262K | 1.0% |
| 311211 | Flour Milling | 3 | $1.1M | $355K | 1.0% |
| 541430 | Graphic Design Services | 3 | $180K | $60K | 1.0% |
Geographic Distribution
SBA lending activity for Far East National Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| California (CA) | 303 | $94.1M | 99.7% |
| Utah (UT) | 1 | $15K | 0.3% |
Why Choose Far East National Bank?
Based on SBA 7(a) lending track record from 1993-2009
- ✓Proven Track Record: 304 SBA loans approved, totaling $94.1M in financing
- ✓Industry Expertise: Specialized focus on Offices of Physicians (except Mental Health Specialists), Custom Computer Programming Services, Used Car Dealers
- ✓Competitive Terms: Average interest rate of 6.00% with flexible term lengths averaging 138 months
- ✓Loan Range: Loan sizes from $15K to $1.9M, with an average of $310K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in CA, UT
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 Far East National Bank SBA lending
What types of businesses does Far East National Bank typically finance?
Far East National Bank specializes in SBA 7(a) lending to specific industries including offices of physicians (except mental health specialists), custom computer programming services, used car dealers, offices of lawyers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Far East National Bank's typical SBA loan terms?
Far East National Bank's SBA 7(a) loans typically feature an average interest rate of 6.00% and average term length of 138 months (approximately 12 years). Loan sizes range from $15K to $1.9M, with an average loan size of $310K.
Do I need a business valuation for a Far East National Bank SBA loan?
Yes, Far East 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 Far East National Bank compare to other SBA lenders?
Far East National Bank has originated 304 SBA loans totaling $94.1M 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 Far East National Bank lend in?
Far East National Bank provides SBA 7(a) financing with particularly strong presence in CA, UT. 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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