First Guaranty Bank
SBA 7(a) Lending Profile · FY 2022 analysis
Industry Focus
Top industries served by First Guaranty Bank · FY 2022
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 541940 | Veterinary Services | 2 | $150K | $75K | 20.0% |
| 722410 | Drinking Places (Alcoholic Beverages) | 2 | $304K | $152K | 20.0% |
| 339999 | All Other Miscellaneous Manufacturing | 2 | $1.0M | $500K | 20.0% |
| 621399 | Offices of All Other Miscellaneous Health Practitioners | 1 | $600K | $600K | 10.0% |
| 611110 | Elementary and Secondary Schools | 1 | $150K | $150K | 10.0% |
Geographic Distribution
SBA lending activity for First Guaranty Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Louisiana (LA) | 6 | $2.9M | 60.0% |
| Texas (TX) | 4 | $1.4M | 40.0% |
Why Choose First Guaranty Bank?
Based on SBA 7(a) lending track record in FY 2022
- ✓Proven Track Record: 10 SBA loans approved, totaling $4.3M in financing
- ✓Industry Expertise: Specialized focus on Veterinary Services, Drinking Places (Alcoholic Beverages), All Other Miscellaneous Manufacturing
- ✓Competitive Terms: Average interest rate of 5.78% with flexible term lengths averaging 171 months
- ✓Loan Range: Loan sizes from $50K to $2.0M, with an average of $428K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in LA, 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 Guaranty Bank SBA lending
What types of businesses does First Guaranty Bank typically finance?
First Guaranty Bank specializes in SBA 7(a) lending to specific industries including veterinary services, drinking places (alcoholic beverages), all other miscellaneous manufacturing, offices of all other miscellaneous health practitioners. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First Guaranty Bank's typical SBA loan terms?
First Guaranty Bank's SBA 7(a) loans typically feature an average interest rate of 5.78% and average term length of 171 months (approximately 14 years). Loan sizes range from $50K to $2.0M, with an average loan size of $428K.
Do I need a business valuation for a First Guaranty Bank SBA loan?
Yes, First Guaranty 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 Guaranty Bank compare to other SBA lenders?
First Guaranty Bank has originated 10 SBA loans totaling $4.3M in FY 2022. 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 Guaranty Bank lend in?
First Guaranty Bank provides SBA 7(a) financing with particularly strong presence in LA, TX. 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.
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