First Bank Blue Earth
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First Bank Blue Earth
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 112111 | Beef Cattle Ranching and Farming | 8 | $400K | $50K | 100.0% |
Geographic Distribution
SBA lending activity for First Bank Blue Earth by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 8 | $400K | 100.0% |
Why Choose First Bank Blue Earth?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 8 SBA loans approved, totaling $400K in financing
- ✓Industry Expertise: Specialized focus on Beef Cattle Ranching and Farming
- ✓Competitive Terms: Average interest rate of 9.50% 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 MN
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 Bank Blue Earth SBA lending
What types of businesses does First Bank Blue Earth typically finance?
First Bank Blue Earth specializes in SBA 7(a) lending to specific industries including beef cattle ranching and farming. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First Bank Blue Earth's typical SBA loan terms?
First Bank Blue Earth's SBA 7(a) loans typically feature an average interest rate of 9.50% 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 Bank Blue Earth SBA loan?
Yes, First Bank Blue Earth 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 Bank Blue Earth compare to other SBA lenders?
First Bank Blue Earth has originated 8 SBA loans totaling $400K 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 First Bank Blue Earth lend in?
First Bank Blue Earth provides SBA 7(a) financing with particularly strong presence in MN. 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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