First Bank of Central Ohio
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First Bank of Central Ohio
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 524210 | Insurance Agencies and Brokerages | 64 | $65.6M | $1.0M | 8.7% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 32 | $79.0M | $2.5M | 4.3% |
| 621210 | Offices of Dentists | 32 | $24.3M | $758K | 4.3% |
| 492110 | Couriers | 32 | $28.3M | $883K | 4.3% |
| 611430 | Professional and Management Development Training | 24 | $52.0M | $2.2M | 3.3% |
| 562910 | Remediation Services | 24 | $15.9M | $663K | 3.3% |
| 236115 | New Single-Family Housing Construction (except Operative Builders) | 24 | $12.5M | $521K | 3.3% |
| 812210 | Funeral Homes and Funeral Services | 24 | $39.2M | $1.6M | 3.3% |
| 236220 | Commercial and Institutional Building Construction | 24 | $38.1M | $1.6M | 3.3% |
| 323111 | Commercial Gravure Printing | 16 | $12.1M | $758K | 2.2% |
Geographic Distribution
SBA lending activity for First Bank of Central Ohio by state
| State | Loans | Volume | Share |
|---|---|---|---|
| California (CA) | 136 | $215.0M | 18.5% |
| Indiana (IN) | 56 | $122.6M | 7.6% |
| Colorado (CO) | 72 | $119.2M | 9.8% |
| Florida (FL) | 56 | $88.7M | 7.6% |
| Texas (TX) | 40 | $56.2M | 5.4% |
| Ohio (OH) | 56 | $55.4M | 7.6% |
| Michigan (MI) | 24 | $51.8M | 3.3% |
| North Carolina (NC) | 32 | $47.3M | 4.3% |
| Oregon (OR) | 24 | $38.6M | 3.3% |
| Wisconsin (WI) | 24 | $31.3M | 3.3% |
| Arizona (AZ) | 16 | $31.0M | 2.2% |
| New York (NY) | 24 | $25.8M | 3.3% |
| Utah (UT) | 8 | $23.5M | 1.1% |
| New Jersey (NJ) | 24 | $18.2M | 3.3% |
| Georgia (GA) | 8 | $17.3M | 1.1% |
| Montana (MT) | 16 | $16.4M | 2.2% |
| Washington (WA) | 8 | $16.4M | 1.1% |
| Massachusetts (MA) | 24 | $15.9M | 3.3% |
| Illinois (IL) | 16 | $15.5M | 2.2% |
| Pennsylvania (PA) | 8 | $14.3M | 1.1% |
| New Hampshire (NH) | 8 | $12.1M | 1.1% |
| Minnesota (MN) | 8 | $11.8M | 1.1% |
| South Carolina (SC) | 8 | $11.3M | 1.1% |
| Delaware (DE) | 8 | $9.5M | 1.1% |
| Alabama (AL) | 8 | $8.7M | 1.1% |
| Virginia (VA) | 16 | $6.6M | 2.2% |
| Kansas (KS) | 8 | $3.5M | 1.1% |
Why Choose First Bank of Central Ohio?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 736 SBA loans approved, totaling $1.08B in financing
- ✓Industry Expertise: Specialized focus on Insurance Agencies and Brokerages, Plumbing, Heating, and Air-Conditioning Contractors, Offices of Dentists
- ✓Competitive Terms: Average interest rate of 10.55% with flexible term lengths averaging 131 months
- ✓Loan Range: Loan sizes from $100K to $5.0M, with an average of $1.5M
- ✓Nationwide Reach: Active lending in 27 states, with strong presence in CA, CO, IN
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 of Central Ohio SBA lending
What types of businesses does First Bank of Central Ohio typically finance?
First Bank of Central Ohio specializes in SBA 7(a) lending to specific industries including insurance agencies and brokerages, plumbing, heating, and air-conditioning contractors, offices of dentists, couriers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First Bank of Central Ohio's typical SBA loan terms?
First Bank of Central Ohio's SBA 7(a) loans typically feature an average interest rate of 10.55% and average term length of 131 months (approximately 11 years). Loan sizes range from $100K to $5.0M, with an average loan size of $1.5M.
Do I need a business valuation for a First Bank of Central Ohio SBA loan?
Yes, First Bank of Central Ohio 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 of Central Ohio compare to other SBA lenders?
First Bank of Central Ohio has originated 736 SBA loans totaling $1.08B 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 of Central Ohio lend in?
First Bank of Central Ohio provides SBA 7(a) financing with particularly strong presence in CA, CO, IN, OH, FL. 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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