First Central Savings Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First Central Savings Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 8 | $1.2M | $150K | 12.5% |
| 456110 | Other | 8 | $2.0M | $250K | 12.5% |
| 323111 | Commercial Gravure Printing | 8 | $1.4M | $170K | 12.5% |
| 722513 | Limited-Service Restaurants | 8 | $2.2M | $270K | 12.5% |
| 541310 | Architectural Services | 8 | $1.2M | $150K | 12.5% |
| 445230 | Fruit and Vegetable Markets | 8 | $4.8M | $600K | 12.5% |
| 445292 | Confectionery and Nut Stores | 8 | $1.6M | $200K | 12.5% |
| 541110 | Offices of Lawyers | 8 | $1.2M | $150K | 12.5% |
Geographic Distribution
SBA lending activity for First Central Savings Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New York (NY) | 56 | $13.4M | 87.5% |
| New Jersey (NJ) | 8 | $2.2M | 12.5% |
Why Choose First Central Savings Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 64 SBA loans approved, totaling $15.5M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Other, Commercial Gravure Printing
- ✓Competitive Terms: Average interest rate of 10.44% with flexible term lengths averaging 111 months
- ✓Loan Range: Loan sizes from $150K to $600K, with an average of $243K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in NY, NJ
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 Savings Bank SBA lending
What types of businesses does First Central Savings Bank typically finance?
First Central Savings Bank specializes in SBA 7(a) lending to specific industries including full-service restaurants, other, commercial gravure printing, limited-service restaurants. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First Central Savings Bank's typical SBA loan terms?
First Central Savings Bank's SBA 7(a) loans typically feature an average interest rate of 10.44% and average term length of 111 months (approximately 9 years). Loan sizes range from $150K to $600K, with an average loan size of $243K.
Do I need a business valuation for a First Central Savings Bank SBA loan?
Yes, First Central Savings Bank 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 Savings Bank compare to other SBA lenders?
First Central Savings Bank has originated 64 SBA loans totaling $15.5M 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 Savings Bank lend in?
First Central Savings Bank provides SBA 7(a) financing with particularly strong presence in NY, NJ. 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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Explore Industry Reports →Need a Business Valuation?
Professional valuations are often required for SBA loans over $250,000.
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