First Citizens Bank of Billings
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First Citizens Bank of Billings · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811310 | Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance | 5 | $1.8M | $354K | 4.0% |
| 811121 | Automotive Body, Paint, and Interior Repair and Maintenance | 4 | $485K | $121K | 3.2% |
| 713110 | Amusement and Theme Parks | 2 | $270K | $135K | 1.6% |
| 811111 | General Automotive Repair | 2 | $468K | $234K | 1.6% |
| 327215 | Glass Product Manufacturing Made of Purchased Glass | 2 | $190K | $95K | 1.6% |
| 238990 | All Other Specialty Trade Contractors | 1 | $96K | $96K | 0.8% |
| 237310 | Highway, Street, and Bridge Construction | 1 | $280K | $280K | 0.8% |
| 621391 | Offices of Podiatrists | 1 | $100K | $100K | 0.8% |
| 423420 | Office Equipment Merchant Wholesalers | 1 | $82K | $82K | 0.8% |
| 221310 | Water Supply and Irrigation Systems | 1 | $133K | $133K | 0.8% |
Geographic Distribution
SBA lending activity for First Citizens Bank of Billings by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Montana (MT) | 124 | $17.2M | 98.4% |
| South Dakota (SD) | 1 | $40K | 0.8% |
| Wyoming (WY) | 1 | $34K | 0.8% |
Why Choose First Citizens Bank of Billings?
Based on SBA 7(a) lending track record from 1991-2006
- ✓Proven Track Record: 126 SBA loans approved, totaling $17.3M in financing
- ✓Industry Expertise: Specialized focus on Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance, Automotive Body, Paint, and Interior Repair and Maintenance, Amusement and Theme Parks
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 87 months
- ✓Loan Range: Loan sizes from $7K to $830K, with an average of $137K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in MT, WY, SD
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 Citizens Bank of Billings SBA lending
What types of businesses does First Citizens Bank of Billings typically finance?
First Citizens Bank of Billings specializes in SBA 7(a) lending to specific industries including commercial and industrial machinery and equipment (except automotive and electronic) repair and maintenance, automotive body, paint, and interior repair and maintenance, amusement and theme parks, general automotive repair. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First Citizens Bank of Billings's typical SBA loan terms?
First Citizens Bank of Billings's SBA 7(a) loans typically feature an average interest rate of — and average term length of 87 months (approximately 7 years). Loan sizes range from $7K to $830K, with an average loan size of $137K.
Do I need a business valuation for a First Citizens Bank of Billings SBA loan?
Yes, First Citizens Bank of Billings 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 Citizens Bank of Billings compare to other SBA lenders?
First Citizens Bank of Billings has originated 126 SBA loans totaling $17.3M since 1991. 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 Citizens Bank of Billings lend in?
First Citizens Bank of Billings provides SBA 7(a) financing with particularly strong presence in MT, WY, SD. 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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