First Financial Bank in Winnebago
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First Financial Bank in Winnebago · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 333111 | Farm Machinery and Equipment Manufacturing | 2 | $300K | $150K | 25.0% |
| 811192 | Car Washes | 1 | $300K | $300K | 12.5% |
| 333112 | Lawn and Garden Tractor and Home Lawn and Garden Equipment Manufacturing | 1 | $150K | $150K | 12.5% |
| 445291 | Baked Goods Retailers | 1 | $72K | $72K | 12.5% |
Geographic Distribution
SBA lending activity for First Financial Bank in Winnebago by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 8 | $1.3M | 100.0% |
Why Choose First Financial Bank in Winnebago?
Based on SBA 7(a) lending track record from 1996-2010
- ✓Proven Track Record: 8 SBA loans approved, totaling $1.3M in financing
- ✓Industry Expertise: Specialized focus on Farm Machinery and Equipment Manufacturing, Car Washes, Lawn and Garden Tractor and Home Lawn and Garden Equipment Manufacturing
- ✓Competitive Terms: Average interest rate of 6.00% with flexible term lengths averaging 48 months
- ✓Loan Range: Loan sizes from $72K to $300K, with an average of $165K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MN
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 Financial Bank in Winnebago SBA lending
What types of businesses does First Financial Bank in Winnebago typically finance?
First Financial Bank in Winnebago specializes in SBA 7(a) lending to specific industries including farm machinery and equipment manufacturing, car washes, lawn and garden tractor and home lawn and garden equipment manufacturing, baked goods retailers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First Financial Bank in Winnebago's typical SBA loan terms?
First Financial Bank in Winnebago's SBA 7(a) loans typically feature an average interest rate of 6.00% and average term length of 48 months (approximately 4 years). Loan sizes range from $72K to $300K, with an average loan size of $165K.
Do I need a business valuation for a First Financial Bank in Winnebago SBA loan?
Yes, First Financial Bank in Winnebago 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 Financial Bank in Winnebago compare to other SBA lenders?
First Financial Bank in Winnebago has originated 8 SBA loans totaling $1.3M since 1996. 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 Financial Bank in Winnebago lend in?
First Financial Bank in Winnebago provides SBA 7(a) financing with particularly strong presence in MN. 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.