First Central Bank McCook
SBA 7(a) Lending Profile · FY 2025 analysis
Industry Focus
Top industries served by First Central Bank McCook
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 484121 | General Freight Trucking, Long Distance, Truckload | 24 | $2.9M | $121K | 42.9% |
| 236118 | Residential Remodelers | 8 | $1.0M | $131K | 14.3% |
| 541360 | Geophysical Surveying and Mapping Services | 8 | $1.5M | $191K | 14.3% |
| 321992 | Prefabricated Wood Building Manufacturing | 8 | $2.8M | $350K | 14.3% |
| 112111 | Beef Cattle Ranching and Farming | 8 | $1.1M | $135K | 14.3% |
Geographic Distribution
SBA lending activity for First Central Bank McCook by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Nebraska (NE) | 56 | $9.4M | 100.0% |
Why Choose First Central Bank McCook?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 56 SBA loans approved, totaling $9.4M in financing
- ✓Industry Expertise: Specialized focus on General Freight Trucking, Long Distance, Truckload, Residential Remodelers, Geophysical Surveying and Mapping Services
- ✓Competitive Terms: Average interest rate of 7.75% with flexible term lengths averaging 105 months
- ✓Loan Range: Loan sizes from $94K to $350K, with an average of $167K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in NE
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 Central Bank McCook SBA lending
What types of businesses does First Central Bank McCook typically finance?
First Central Bank McCook specializes in SBA 7(a) lending to specific industries including general freight trucking, long distance, truckload, residential remodelers, geophysical surveying and mapping services, prefabricated wood building manufacturing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First Central Bank McCook's typical SBA loan terms?
First Central Bank McCook's SBA 7(a) loans typically feature an average interest rate of 7.75% and average term length of 105 months (approximately 9 years). Loan sizes range from $94K to $350K, with an average loan size of $167K.
Do I need a business valuation for a First Central Bank McCook SBA loan?
Yes, First Central Bank McCook 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 Central Bank McCook compare to other SBA lenders?
First Central Bank McCook has originated 56 SBA loans totaling $9.4M 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 Central Bank McCook lend in?
First Central Bank McCook provides SBA 7(a) financing with particularly strong presence in NE. 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.
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