First Bancorp of Durango, Inc.
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First Bancorp of Durango, Inc. · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|
Geographic Distribution
SBA lending activity for First Bancorp of Durango, Inc. by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Colorado (CO) | 1 | $50K | 100.0% |
Why Choose First Bancorp of Durango, Inc.?
Based on SBA 7(a) lending track record from 1998-1998
- ✓Proven Track Record: 1 SBA loans approved, totaling $50K in financing
- ✓Industry Expertise: Specialized focus on
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 84 months
- ✓Loan Range: Loan sizes from $50K to $50K, with an average of $50K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in CO
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 Bancorp of Durango, Inc. SBA lending
What types of businesses does First Bancorp of Durango, Inc. typically finance?
First Bancorp of Durango, Inc. specializes in SBA 7(a) lending to specific industries including . They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First Bancorp of Durango, Inc.'s typical SBA loan terms?
First Bancorp of Durango, Inc.'s SBA 7(a) loans typically feature an average interest rate of — and average term length of 84 months (approximately 7 years). Loan sizes range from $50K to $50K, with an average loan size of $50K.
Do I need a business valuation for a First Bancorp of Durango, Inc. SBA loan?
Yes, First Bancorp of Durango, Inc. 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 Bancorp of Durango, Inc. compare to other SBA lenders?
First Bancorp of Durango, Inc. has originated 1 SBA loans totaling $50K since 1998. 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 Bancorp of Durango, Inc. lend in?
First Bancorp of Durango, Inc. provides SBA 7(a) financing with particularly strong presence in CO. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
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