First Busey Securities, Inc.
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First Busey Securities, Inc. · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|
Geographic Distribution
SBA lending activity for First Busey Securities, Inc. by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Illinois (IL) | 2 | $120K | 100.0% |
Why Choose First Busey Securities, Inc.?
Based on SBA 7(a) lending track record from 2000-2002
- ✓Proven Track Record: 2 SBA loans approved, totaling $120K in financing
- ✓Industry Expertise: Specialized focus on
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 120 months
- ✓Loan Range: Loan sizes from $35K to $85K, with an average of $60K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in IL
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 Busey Securities, Inc. SBA lending
What types of businesses does First Busey Securities, Inc. typically finance?
First Busey Securities, 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 Busey Securities, Inc.'s typical SBA loan terms?
First Busey Securities, Inc.'s SBA 7(a) loans typically feature an average interest rate of — and average term length of 120 months (approximately 10 years). Loan sizes range from $35K to $85K, with an average loan size of $60K.
Do I need a business valuation for a First Busey Securities, Inc. SBA loan?
Yes, First Busey Securities, 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 Busey Securities, Inc. compare to other SBA lenders?
First Busey Securities, Inc. has originated 2 SBA loans totaling $120K since 2000. 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 Busey Securities, Inc. lend in?
First Busey Securities, Inc. provides SBA 7(a) financing with particularly strong presence in IL. 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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