First B & T Financial Services
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First B & T Financial Services · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811310 | Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance | 1 | $45K | $45K | 33.3% |
| 561492 | Court Reporting and Stenotype Services | 1 | $55K | $55K | 33.3% |
Geographic Distribution
SBA lending activity for First B & T Financial Services by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Virginia (VA) | 2 | $195K | 66.7% |
| Tennessee (TN) | 1 | $55K | 33.3% |
Why Choose First B & T Financial Services?
Based on SBA 7(a) lending track record from 2002-2004
- ✓Proven Track Record: 3 SBA loans approved, totaling $250K in financing
- ✓Industry Expertise: Specialized focus on Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance, Court Reporting and Stenotype Services
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 72 months
- ✓Loan Range: Loan sizes from $45K to $150K, with an average of $83K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in VA, TN
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 First B & T Financial Services SBA lending
What types of businesses does First B & T Financial Services typically finance?
First B & T Financial Services specializes in SBA 7(a) lending to specific industries including commercial and industrial machinery and equipment (except automotive and electronic) repair and maintenance, court reporting and stenotype services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First B & T Financial Services's typical SBA loan terms?
First B & T Financial Services's SBA 7(a) loans typically feature an average interest rate of — and average term length of 72 months (approximately 6 years). Loan sizes range from $45K to $150K, with an average loan size of $83K.
Do I need a business valuation for a First B & T Financial Services SBA loan?
Yes, First B & T Financial Services 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 First B & T Financial Services compare to other SBA lenders?
First B & T Financial Services has originated 3 SBA loans totaling $250K since 2002. 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 First B & T Financial Services lend in?
First B & T Financial Services provides SBA 7(a) financing with particularly strong presence in VA, TN. 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?
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