First Century Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First Century Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 621512 | Diagnostic Imaging Centers | 2 | $195K | $98K | 8.7% |
| 811191 | Automotive Oil Change and Lubrication Shops | 2 | $424K | $212K | 8.7% |
| 423820 | Farm and Garden Machinery and Equipment Merchant Wholesalers | 1 | $120K | $120K | 4.3% |
| 485320 | Limousine Service | 1 | $394K | $394K | 4.3% |
| 541614 | Process, Physical Distribution, and Logistics Consulting Services | 1 | $105K | $105K | 4.3% |
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 1 | $66K | $66K | 4.3% |
| 326199 | All Other Plastics Product Manufacturing | 1 | $250K | $250K | 4.3% |
| 325612 | Polish and Other Sanitation Good Manufacturing | 1 | $99K | $99K | 4.3% |
| 532490 | Other Commercial and Industrial Machinery and Equipment Rental and Leasing | 1 | $276K | $276K | 4.3% |
Geographic Distribution
SBA lending activity for First Century Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Tennessee (TN) | 23 | $4.6M | 100.0% |
Why Choose First Century Bank?
Based on SBA 7(a) lending track record from 2002-2007
- ✓Proven Track Record: 23 SBA loans approved, totaling $4.6M in financing
- ✓Industry Expertise: Specialized focus on Diagnostic Imaging Centers, Automotive Oil Change and Lubrication Shops, Farm and Garden Machinery and Equipment Merchant Wholesalers
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 115 months
- ✓Loan Range: Loan sizes from $60K to $545K, with an average of $200K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in TN
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 Century Bank SBA lending
What types of businesses does First Century Bank typically finance?
First Century Bank specializes in SBA 7(a) lending to specific industries including diagnostic imaging centers, automotive oil change and lubrication shops, farm and garden machinery and equipment merchant wholesalers, limousine service. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First Century Bank's typical SBA loan terms?
First Century Bank's SBA 7(a) loans typically feature an average interest rate of — and average term length of 115 months (approximately 10 years). Loan sizes range from $60K to $545K, with an average loan size of $200K.
Do I need a business valuation for a First Century Bank SBA loan?
Yes, First Century 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 Century Bank compare to other SBA lenders?
First Century Bank has originated 23 SBA loans totaling $4.6M since 2002. 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 Century Bank lend in?
First Century Bank provides SBA 7(a) financing with particularly strong presence in TN. 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?
Certified valuations are often required for SBA loans over $250,000.
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