FIRST BANK FSB
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by FIRST BANK FSB · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 713940 | Fitness and Recreational Sports Centers | 1 | $67K | $67K | 10.0% |
Geographic Distribution
SBA lending activity for FIRST BANK FSB by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Illinois (IL) | 7 | $455K | 70.0% |
| Missouri (MO) | 3 | $361K | 30.0% |
Why Choose FIRST BANK FSB?
Based on SBA 7(a) lending track record from 1991-1996
- ✓Proven Track Record: 10 SBA loans approved, totaling $815K in financing
- ✓Industry Expertise: Specialized focus on Fitness and Recreational Sports Centers
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 126 months
- ✓Loan Range: Loan sizes from $30K to $194K, with an average of $82K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in IL, MO
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 FSB SBA lending
What types of businesses does FIRST BANK FSB typically finance?
FIRST BANK FSB specializes in SBA 7(a) lending to specific industries including fitness and recreational sports centers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are FIRST BANK FSB's typical SBA loan terms?
FIRST BANK FSB's SBA 7(a) loans typically feature an average interest rate of — and average term length of 126 months (approximately 11 years). Loan sizes range from $30K to $194K, with an average loan size of $82K.
Do I need a business valuation for a FIRST BANK FSB SBA loan?
Yes, FIRST BANK FSB 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 FSB compare to other SBA lenders?
FIRST BANK FSB has originated 10 SBA loans totaling $815K since 1991. 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 FSB lend in?
FIRST BANK FSB provides SBA 7(a) financing with particularly strong presence in IL, MO. 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.
Get your certified valuation from Fair Market Value.