First Citizens Community Bank
SBA 7(a) Lending Profile · FY 2024 analysis
Industry Focus
Top industries served by First Citizens Community Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 713940 | Fitness and Recreational Sports Centers | 8 | $1.8M | $225K | 10.0% |
| 722511 | Full-Service Restaurants | 8 | $1.0M | $125K | 10.0% |
| 561730 | Landscaping Services | 8 | $1.6M | $195K | 10.0% |
| 812210 | Funeral Homes and Funeral Services | 8 | $1.2M | $147K | 10.0% |
| 337124 | Metal Household Furniture Manufacturing | 8 | $2.4M | $300K | 10.0% |
| 111332 | Grape Vineyards | 8 | $4.3M | $539K | 10.0% |
| 512131 | Motion Picture Theaters (except Drive-Ins) | 8 | $4.2M | $520K | 10.0% |
| 722410 | Drinking Places (Alcoholic Beverages) | 8 | $2.7M | $340K | 10.0% |
| 517312 | Other | 8 | $2.6M | $325K | 10.0% |
| 424810 | Beer and Ale Merchant Wholesalers | 8 | $2.7M | $340K | 10.0% |
Geographic Distribution
SBA lending activity for First Citizens Community Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Pennsylvania (PA) | 64 | $20.2M | 80.0% |
| New Jersey (NJ) | 16 | $4.2M | 20.0% |
Why Choose First Citizens Community Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 80 SBA loans approved, totaling $24.4M in financing
- ✓Industry Expertise: Specialized focus on Fitness and Recreational Sports Centers, Full-Service Restaurants, Landscaping Services
- ✓Competitive Terms: Average interest rate of 6.90% with flexible term lengths averaging 169 months
- ✓Loan Range: Loan sizes from $125K to $539K, with an average of $306K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in PA, 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 Citizens Community Bank SBA lending
What types of businesses does First Citizens Community Bank typically finance?
First Citizens Community Bank specializes in SBA 7(a) lending to specific industries including fitness and recreational sports centers, full-service restaurants, landscaping services, funeral homes and funeral services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First Citizens Community Bank's typical SBA loan terms?
First Citizens Community Bank's SBA 7(a) loans typically feature an average interest rate of 6.90% and average term length of 169 months (approximately 14 years). Loan sizes range from $125K to $539K, with an average loan size of $306K.
Do I need a business valuation for a First Citizens Community Bank SBA loan?
Yes, First Citizens Community 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 Citizens Community Bank compare to other SBA lenders?
First Citizens Community Bank has originated 80 SBA loans totaling $24.4M 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 Citizens Community Bank lend in?
First Citizens Community Bank provides SBA 7(a) financing with particularly strong presence in PA, 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.
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.
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