First Clermont Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First Clermont Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 484220 | Specialized Freight (except Used Goods) Trucking, Local | 1 | $50K | $50K | 12.5% |
| 111421 | Nursery and Tree Production | 1 | $73K | $73K | 12.5% |
Geographic Distribution
SBA lending activity for First Clermont Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Ohio (OH) | 8 | $914K | 100.0% |
Why Choose First Clermont Bank?
Based on SBA 7(a) lending track record from 1991-2005
- ✓Proven Track Record: 8 SBA loans approved, totaling $914K in financing
- ✓Industry Expertise: Specialized focus on Specialized Freight (except Used Goods) Trucking, Local, Nursery and Tree Production
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 101 months
- ✓Loan Range: Loan sizes from $14K to $350K, with an average of $114K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in OH
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 Clermont Bank SBA lending
What types of businesses does First Clermont Bank typically finance?
First Clermont Bank specializes in SBA 7(a) lending to specific industries including specialized freight (except used goods) trucking, local, nursery and tree production. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First Clermont Bank's typical SBA loan terms?
First Clermont Bank's SBA 7(a) loans typically feature an average interest rate of — and average term length of 101 months (approximately 8 years). Loan sizes range from $14K to $350K, with an average loan size of $114K.
Do I need a business valuation for a First Clermont Bank SBA loan?
Yes, First Clermont 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 Clermont Bank compare to other SBA lenders?
First Clermont Bank has originated 8 SBA loans totaling $914K 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 Clermont Bank lend in?
First Clermont Bank provides SBA 7(a) financing with particularly strong presence in OH. 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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