First Fidelity Bank
SBA 7(a) Lending Profile · FY 2023 analysis
Industry Focus
Top industries served by First Fidelity Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 16 | $15.8M | $988K | 12.5% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 16 | $3.7M | $233K | 12.5% |
| 541940 | Veterinary Services | 16 | $2.9M | $184K | 12.5% |
| 444130 | Hardware Stores | 8 | $4.0M | $500K | 6.3% |
| 455219 | Other | 8 | $2.2M | $271K | 6.3% |
| 812910 | Pet Care (except Veterinary) Services | 8 | $1.3M | $158K | 6.3% |
| 721110 | Hotels (except Casino Hotels) and Motels | 8 | $5.6M | $700K | 6.3% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 8 | $400K | $50K | 6.3% |
| 621340 | Offices of Physical, Occupational and Speech Therapists, and Audiologi | 8 | $1.4M | $173K | 6.3% |
| 238330 | Flooring Contractors | 8 | $4.0M | $500K | 6.3% |
Geographic Distribution
SBA lending activity for First Fidelity Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Oklahoma (OK) | 72 | $20.6M | 56.3% |
| Alabama (AL) | 24 | $19.8M | 18.8% |
| South Dakota (SD) | 8 | $5.6M | 6.3% |
| Texas (TX) | 16 | $3.7M | 12.5% |
| Kansas (KS) | 8 | $2.2M | 6.3% |
Why Choose First Fidelity Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 128 SBA loans approved, totaling $51.9M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Snack and Nonalcoholic Beverage Bars, Veterinary Services
- ✓Competitive Terms: Average interest rate of 8.06% with flexible term lengths averaging 116 months
- ✓Loan Range: Loan sizes from $50K to $997K, with an average of $406K
- ✓Nationwide Reach: Active lending in 5 states, with strong presence in OK, AL, 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 Fidelity Bank SBA lending
What types of businesses does First Fidelity Bank typically finance?
First Fidelity Bank specializes in SBA 7(a) lending to specific industries including full-service restaurants, snack and nonalcoholic beverage bars, veterinary services, hardware stores. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First Fidelity Bank's typical SBA loan terms?
First Fidelity Bank's SBA 7(a) loans typically feature an average interest rate of 8.06% and average term length of 116 months (approximately 10 years). Loan sizes range from $50K to $997K, with an average loan size of $406K.
Do I need a business valuation for a First Fidelity Bank SBA loan?
Yes, First Fidelity 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 Fidelity Bank compare to other SBA lenders?
First Fidelity Bank has originated 128 SBA loans totaling $51.9M 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 Fidelity Bank lend in?
First Fidelity Bank provides SBA 7(a) financing with particularly strong presence in OK, AL, TX, SD, KS. 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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