First Eagle Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First Eagle Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 713940 | Fitness and Recreational Sports Centers | 16 | $3.4M | $215K | 40.0% |
| 533110 | Lessors of Nonfinancial Intangible Assets (except Copyrighted Works) | 8 | $1.6M | $200K | 20.0% |
| 236115 | New Single-Family Housing Construction (except Operative Builders) | 8 | $1.2M | $150K | 20.0% |
| 541990 | All Other Professional, Scientific, and Technical Services | 8 | $3.2M | $400K | 20.0% |
Geographic Distribution
SBA lending activity for First Eagle Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Illinois (IL) | 40 | $9.4M | 100.0% |
Why Choose First Eagle Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 40 SBA loans approved, totaling $9.4M in financing
- ✓Industry Expertise: Specialized focus on Fitness and Recreational Sports Centers, Lessors of Nonfinancial Intangible Assets (except Copyrighted Works), New Single-Family Housing Construction (except Operative Builders)
- ✓Competitive Terms: Average interest rate of 6.55% with flexible term lengths averaging 43 months
- ✓Loan Range: Loan sizes from $150K to $400K, with an average of $236K
- ✓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 Eagle Bank SBA lending
What types of businesses does First Eagle Bank typically finance?
First Eagle Bank specializes in SBA 7(a) lending to specific industries including fitness and recreational sports centers, lessors of nonfinancial intangible assets (except copyrighted works), new single-family housing construction (except operative builders), all other professional, scientific, and technical services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First Eagle Bank's typical SBA loan terms?
First Eagle Bank's SBA 7(a) loans typically feature an average interest rate of 6.55% and average term length of 43 months (approximately 4 years). Loan sizes range from $150K to $400K, with an average loan size of $236K.
Do I need a business valuation for a First Eagle Bank SBA loan?
Yes, First Eagle 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 Eagle Bank compare to other SBA lenders?
First Eagle Bank has originated 40 SBA loans totaling $9.4M 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 Eagle Bank lend in?
First Eagle Bank 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?
Professional valuations are often required for SBA loans over $250,000.
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