First Commercial Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First Commercial Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 335999 | All Other Miscellaneous Electrical Equipment and Component Manufacturing | 1 | $650K | $650K | 25.0% |
| 337121 | Upholstered Household Furniture Manufacturing | 1 | $40K | $40K | 25.0% |
Geographic Distribution
SBA lending activity for First Commercial Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Alabama (AL) | 3 | $740K | 75.0% |
| North Carolina (NC) | 1 | $27K | 25.0% |
Why Choose First Commercial Bank?
Based on SBA 7(a) lending track record from 1995-2005
- ✓Proven Track Record: 4 SBA loans approved, totaling $767K in financing
- ✓Industry Expertise: Specialized focus on All Other Miscellaneous Electrical Equipment and Component Manufacturing, Upholstered Household Furniture Manufacturing
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 78 months
- ✓Loan Range: Loan sizes from $27K to $650K, with an average of $192K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in AL, NC
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 Commercial Bank SBA lending
What types of businesses does First Commercial Bank typically finance?
First Commercial Bank specializes in SBA 7(a) lending to specific industries including all other miscellaneous electrical equipment and component manufacturing, upholstered household furniture manufacturing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First Commercial Bank's typical SBA loan terms?
First Commercial Bank's SBA 7(a) loans typically feature an average interest rate of — and average term length of 78 months (approximately 7 years). Loan sizes range from $27K to $650K, with an average loan size of $192K.
Do I need a business valuation for a First Commercial Bank SBA loan?
Yes, First Commercial 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 Commercial Bank compare to other SBA lenders?
First Commercial Bank has originated 4 SBA loans totaling $767K 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 Commercial Bank lend in?
First Commercial Bank provides SBA 7(a) financing with particularly strong presence in AL, NC. 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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