First Century Bank National Association
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First Century Bank National Association · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 541940 | Veterinary Services | 2 | $485K | $243K | 40.0% |
| 611610 | Fine Arts Schools | 1 | $85K | $85K | 20.0% |
| 532412 | Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing | 1 | $105K | $105K | 20.0% |
Geographic Distribution
SBA lending activity for First Century Bank National Association by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Georgia (GA) | 5 | $775K | 100.0% |
Why Choose First Century Bank National Association?
Based on SBA 7(a) lending track record from 1995-2009
- ✓Proven Track Record: 5 SBA loans approved, totaling $775K in financing
- ✓Industry Expertise: Specialized focus on Veterinary Services, Fine Arts Schools, Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing
- ✓Competitive Terms: Average interest rate of 5.25% with flexible term lengths averaging 139 months
- ✓Loan Range: Loan sizes from $85K to $270K, with an average of $155K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in GA
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 National Association SBA lending
What types of businesses does First Century Bank National Association typically finance?
First Century Bank National Association specializes in SBA 7(a) lending to specific industries including veterinary services, fine arts schools, construction, mining, and forestry machinery and equipment rental and leasing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First Century Bank National Association's typical SBA loan terms?
First Century Bank National Association's SBA 7(a) loans typically feature an average interest rate of 5.25% and average term length of 139 months (approximately 12 years). Loan sizes range from $85K to $270K, with an average loan size of $155K.
Do I need a business valuation for a First Century Bank National Association SBA loan?
Yes, First Century Bank National Association 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 National Association compare to other SBA lenders?
First Century Bank National Association has originated 5 SBA loans totaling $775K since 1995. 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 National Association lend in?
First Century Bank National Association provides SBA 7(a) financing with particularly strong presence in GA. 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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