First County Bank
SBA 7(a) Lending Profile · FY 2020 analysis
Industry Focus
Top industries served by First County Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 624410 | Child Day Care Services | 16 | $7.2M | $449K | 12.5% |
| 561910 | Packaging and Labeling Services | 16 | $1.6M | $98K | 12.5% |
| 722513 | Limited-Service Restaurants | 8 | $2.0M | $250K | 6.3% |
| 238210 | Electrical Contractors | 8 | $1.6M | $200K | 6.3% |
| 532411 | Commercial Air, Rail, and Water Transportation Equipment Rental and Le | 8 | $2.0M | $250K | 6.3% |
| 445320 | Other | 8 | $2.0M | $250K | 6.3% |
| 541613 | Marketing Consulting Services | 8 | $1.2M | $150K | 6.3% |
| 812210 | Funeral Homes and Funeral Services | 8 | $8.0M | $1.0M | 6.3% |
| 811192 | Car Washes | 8 | $31.6M | $4.0M | 6.3% |
| 445310 | Beer, Wine, and Liquor Stores | 8 | $1.2M | $150K | 6.3% |
Geographic Distribution
SBA lending activity for First County Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Connecticut (CT) | 128 | $68.8M | 100.0% |
Why Choose First County Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 128 SBA loans approved, totaling $68.8M in financing
- ✓Industry Expertise: Specialized focus on Child Day Care Services, Packaging and Labeling Services, Limited-Service Restaurants
- ✓Competitive Terms: Average interest rate of 6.03% with flexible term lengths averaging 137 months
- ✓Loan Range: Loan sizes from $50K to $4.0M, with an average of $538K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in CT
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 County Bank SBA lending
What types of businesses does First County Bank typically finance?
First County Bank specializes in SBA 7(a) lending to specific industries including child day care services, packaging and labeling services, limited-service restaurants, electrical contractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First County Bank's typical SBA loan terms?
First County Bank's SBA 7(a) loans typically feature an average interest rate of 6.03% and average term length of 137 months (approximately 11 years). Loan sizes range from $50K to $4.0M, with an average loan size of $538K.
Do I need a business valuation for a First County Bank SBA loan?
Yes, First County 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 County Bank compare to other SBA lenders?
First County Bank has originated 128 SBA loans totaling $68.8M 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 County Bank lend in?
First County Bank provides SBA 7(a) financing with particularly strong presence in CT. 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?
Professional valuations are often required for SBA loans over $250,000.
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