FIRST BANK MCKINNEY
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by FIRST BANK MCKINNEY · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|
Geographic Distribution
SBA lending activity for FIRST BANK MCKINNEY by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Texas (TX) | 1 | $263K | 100.0% |
Why Choose FIRST BANK MCKINNEY?
Based on SBA 7(a) lending track record from 1997-1997
- ✓Proven Track Record: 1 SBA loans approved, totaling $263K 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 $263K to $263K, with an average of $263K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in TX
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 MCKINNEY SBA lending
What types of businesses does FIRST BANK MCKINNEY typically finance?
FIRST BANK MCKINNEY 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 BANK MCKINNEY's typical SBA loan terms?
FIRST BANK MCKINNEY'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 $263K to $263K, with an average loan size of $263K.
Do I need a business valuation for a FIRST BANK MCKINNEY SBA loan?
Yes, FIRST BANK MCKINNEY 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 MCKINNEY compare to other SBA lenders?
FIRST BANK MCKINNEY has originated 1 SBA loans totaling $263K since 1997. 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 MCKINNEY lend in?
FIRST BANK MCKINNEY provides SBA 7(a) financing with particularly strong presence in TX. 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.