First Central State Bank
SBA 7(a) Lending Profile · FY 2023 analysis
Industry Focus
Top industries served by First Central State Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 713940 | Fitness and Recreational Sports Centers | 16 | $3.0M | $190K | 33.3% |
| 446191 | Food (Health) Supplement Stores | 8 | $3.4M | $425K | 16.7% |
| 444130 | Hardware Stores | 8 | $2.2M | $278K | 16.7% |
| 444180 | Other | 8 | $31.0M | $3.9M | 16.7% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 8 | $3.4M | $425K | 16.7% |
Geographic Distribution
SBA lending activity for First Central State Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Iowa (IA) | 48 | $43.1M | 100.0% |
Why Choose First Central State Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 48 SBA loans approved, totaling $43.1M in financing
- ✓Industry Expertise: Specialized focus on Fitness and Recreational Sports Centers, Food (Health) Supplement Stores, Hardware Stores
- ✓Competitive Terms: Average interest rate of 5.48% with flexible term lengths averaging 100 months
- ✓Loan Range: Loan sizes from $150K to $3.9M, with an average of $897K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in IA
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 State Bank SBA lending
What types of businesses does First Central State Bank typically finance?
First Central State Bank specializes in SBA 7(a) lending to specific industries including fitness and recreational sports centers, food (health) supplement stores, hardware stores, other. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First Central State Bank's typical SBA loan terms?
First Central State Bank's SBA 7(a) loans typically feature an average interest rate of 5.48% and average term length of 100 months (approximately 8 years). Loan sizes range from $150K to $3.9M, with an average loan size of $897K.
Do I need a business valuation for a First Central State Bank SBA loan?
Yes, First Central State 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 State Bank compare to other SBA lenders?
First Central State Bank has originated 48 SBA loans totaling $43.1M 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 State Bank lend in?
First Central State Bank provides SBA 7(a) financing with particularly strong presence in IA. 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?
Professional valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.