First Community Bank of Moultrie County
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First Community Bank of Moultrie County · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 541110 | Offices of Lawyers | 1 | $300K | $300K | 100.0% |
Geographic Distribution
SBA lending activity for First Community Bank of Moultrie County by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Illinois (IL) | 1 | $300K | 100.0% |
Why Choose First Community Bank of Moultrie County?
Based on SBA 7(a) lending track record from 2011-2011
- ✓Proven Track Record: 1 SBA loans approved, totaling $300K in financing
- ✓Industry Expertise: Specialized focus on Offices of Lawyers
- ✓Competitive Terms: Average interest rate of 5.75% with flexible term lengths averaging 120 months
- ✓Loan Range: Loan sizes from $300K to $300K, with an average of $300K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in IL
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 Community Bank of Moultrie County SBA lending
What types of businesses does First Community Bank of Moultrie County typically finance?
First Community Bank of Moultrie County specializes in SBA 7(a) lending to specific industries including offices of lawyers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First Community Bank of Moultrie County's typical SBA loan terms?
First Community Bank of Moultrie County's SBA 7(a) loans typically feature an average interest rate of 5.75% and average term length of 120 months (approximately 10 years). Loan sizes range from $300K to $300K, with an average loan size of $300K.
Do I need a business valuation for a First Community Bank of Moultrie County SBA loan?
Yes, First Community Bank of Moultrie County 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 Community Bank of Moultrie County compare to other SBA lenders?
First Community Bank of Moultrie County has originated 1 SBA loans totaling $300K since 2011. 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 Community Bank of Moultrie County lend in?
First Community Bank of Moultrie County provides SBA 7(a) financing with particularly strong presence in IL. 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.
Get your certified valuation from Fair Market Value.