First Commercial Bank, National Association of Memphis
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First Commercial Bank, National Association of Memphis · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811121 | Automotive Body, Paint, and Interior Repair and Maintenance | 1 | $170K | $170K | 5.3% |
| 561621 | Security Systems Services (except Locksmiths) | 1 | $400K | $400K | 5.3% |
| 621310 | Offices of Chiropractors | 1 | $35K | $35K | 5.3% |
| 811111 | General Automotive Repair | 1 | $145K | $145K | 5.3% |
| 512110 | Motion Picture and Video Production | 1 | $23K | $23K | 5.3% |
Geographic Distribution
SBA lending activity for First Commercial Bank, National Association of Memphis by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Tennessee (TN) | 14 | $1.6M | 73.7% |
| Arkansas (AR) | 4 | $310K | 21.1% |
| Louisiana (LA) | 1 | $170K | 5.3% |
Why Choose First Commercial Bank, National Association of Memphis?
Based on SBA 7(a) lending track record from 1991-1997
- ✓Proven Track Record: 19 SBA loans approved, totaling $2.1M in financing
- ✓Industry Expertise: Specialized focus on Automotive Body, Paint, and Interior Repair and Maintenance, Security Systems Services (except Locksmiths), Offices of Chiropractors
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 99 months
- ✓Loan Range: Loan sizes from $23K to $400K, with an average of $108K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in TN, AR, LA
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, National Association of Memphis SBA lending
What types of businesses does First Commercial Bank, National Association of Memphis typically finance?
First Commercial Bank, National Association of Memphis specializes in SBA 7(a) lending to specific industries including automotive body, paint, and interior repair and maintenance, security systems services (except locksmiths), offices of chiropractors, general automotive repair. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First Commercial Bank, National Association of Memphis's typical SBA loan terms?
First Commercial Bank, National Association of Memphis's SBA 7(a) loans typically feature an average interest rate of — and average term length of 99 months (approximately 8 years). Loan sizes range from $23K to $400K, with an average loan size of $108K.
Do I need a business valuation for a First Commercial Bank, National Association of Memphis SBA loan?
Yes, First Commercial Bank, National Association of Memphis 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, National Association of Memphis compare to other SBA lenders?
First Commercial Bank, National Association of Memphis has originated 19 SBA loans totaling $2.1M 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 Commercial Bank, National Association of Memphis lend in?
First Commercial Bank, National Association of Memphis provides SBA 7(a) financing with particularly strong presence in TN, AR, LA. 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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