First Commonwealth Bank
SBA 7(a) Lending Profile · FY 2020 analysis
Industry Focus
Top industries served by First Commonwealth Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722513 | Limited-Service Restaurants | 448 | $227.9M | $509K | 5.4% |
| 722511 | Full-Service Restaurants | 304 | $267.9M | $881K | 3.7% |
| 238990 | All Other Specialty Trade Contractors | 216 | $117.7M | $545K | 2.6% |
| 713940 | Fitness and Recreational Sports Centers | 216 | $87.1M | $403K | 2.6% |
| 811111 | General Automotive Repair | 208 | $150.2M | $722K | 2.5% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 200 | $143.9M | $720K | 2.4% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 184 | $75.8M | $412K | 2.2% |
| 621610 | Home Health Care Services | 128 | $67.5M | $527K | 1.5% |
| 713990 | All Other Amusement and Recreation Industries | 128 | $111.1M | $868K | 1.5% |
| 812910 | Pet Care (except Veterinary) Services | 120 | $61.0M | $508K | 1.4% |
Geographic Distribution
SBA lending activity for First Commonwealth Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Pennsylvania (PA) | 3,352 | $2.20B | 40.4% |
| Ohio (OH) | 2,848 | $2.07B | 34.3% |
| Texas (TX) | 824 | $758.2M | 9.9% |
| Florida (FL) | 368 | $230.5M | 4.4% |
| Kentucky (KY) | 200 | $154.8M | 2.4% |
| Virginia (VA) | 48 | $60.8M | 0.6% |
| Tennessee (TN) | 40 | $52.5M | 0.5% |
| New Jersey (NJ) | 72 | $44.5M | 0.9% |
| New York (NY) | 24 | $38.3M | 0.3% |
| Georgia (GA) | 40 | $37.7M | 0.5% |
| Indiana (IN) | 24 | $37.3M | 0.3% |
| North Carolina (NC) | 64 | $35.6M | 0.8% |
| Michigan (MI) | 32 | $31.9M | 0.4% |
| West Virginia (WV) | 24 | $29.0M | 0.3% |
| South Carolina (SC) | 40 | $26.3M | 0.5% |
| Oklahoma (OK) | 8 | $22.4M | 0.1% |
| Massachusetts (MA) | 32 | $20.5M | 0.4% |
| Missouri (MO) | 16 | $18.8M | 0.2% |
| Arkansas (AR) | 16 | $16.6M | 0.2% |
| Louisiana (LA) | 8 | $15.7M | 0.1% |
| Kansas (KS) | 16 | $15.4M | 0.2% |
| Illinois (IL) | 64 | $14.9M | 0.8% |
| Nevada (NV) | 24 | $14.2M | 0.3% |
| Oregon (OR) | 32 | $12.8M | 0.4% |
| Colorado (CO) | 16 | $5.8M | 0.2% |
| Wisconsin (WI) | 8 | $5.3M | 0.1% |
| Idaho (ID) | 8 | $4.9M | 0.1% |
| Arizona (AZ) | 8 | $4.7M | 0.1% |
| South Dakota (SD) | 8 | $4.4M | 0.1% |
| Delaware (DE) | 8 | $2.7M | 0.1% |
| New Hampshire (NH) | 8 | $2.6M | 0.1% |
| Utah (UT) | 8 | $1.6M | 0.1% |
| Connecticut (CT) | 8 | $976K | 0.1% |
Why Choose First Commonwealth Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 8,296 SBA loans approved, totaling $6.00B in financing
- ✓Industry Expertise: Specialized focus on Limited-Service Restaurants, Full-Service Restaurants, All Other Specialty Trade Contractors
- ✓Competitive Terms: Average interest rate of 8.18% with flexible term lengths averaging 155 months
- ✓Loan Range: Loan sizes from $10K to $5.0M, with an average of $723K
- ✓Nationwide Reach: Active lending in 33 states, with strong presence in PA, OH, TX
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 Commonwealth Bank SBA lending
What types of businesses does First Commonwealth Bank typically finance?
First Commonwealth Bank specializes in SBA 7(a) lending to specific industries including limited-service restaurants, full-service restaurants, all other specialty trade contractors, fitness and recreational sports centers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First Commonwealth Bank's typical SBA loan terms?
First Commonwealth Bank's SBA 7(a) loans typically feature an average interest rate of 8.18% and average term length of 155 months (approximately 13 years). Loan sizes range from $10K to $5.0M, with an average loan size of $723K.
Do I need a business valuation for a First Commonwealth Bank SBA loan?
Yes, First Commonwealth 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 Commonwealth Bank compare to other SBA lenders?
First Commonwealth Bank has originated 8,296 SBA loans totaling $6.00B 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 Commonwealth Bank lend in?
First Commonwealth Bank provides SBA 7(a) financing with particularly strong presence in PA, OH, TX, FL, KY. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
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