First Guaranty Bank
SBA 7(a) Lending Profile · FY 2023 analysis
Industry Focus
Top industries served by First Guaranty Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722410 | Drinking Places (Alcoholic Beverages) | 48 | $22.2M | $463K | 12.0% |
| 446130 | Optical Goods Stores | 48 | $24.2M | $504K | 12.0% |
| 722513 | Limited-Service Restaurants | 40 | $12.3M | $306K | 10.0% |
| 541940 | Veterinary Services | 16 | $1.2M | $75K | 4.0% |
| 541519 | Other Computer Related Services | 16 | $2.6M | $163K | 4.0% |
| 541613 | Marketing Consulting Services | 16 | $15.9M | $995K | 4.0% |
| 621610 | Home Health Care Services | 16 | $3.1M | $193K | 4.0% |
| 339999 | All Other Miscellaneous Manufacturing | 16 | $8.0M | $500K | 4.0% |
| 238210 | Electrical Contractors | 16 | $4.8M | $300K | 4.0% |
| 447110 | Gasoline Stations with Convenience Stores | 16 | $10.3M | $646K | 4.0% |
Geographic Distribution
SBA lending activity for First Guaranty Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Texas (TX) | 200 | $76.2M | 50.0% |
| Louisiana (LA) | 160 | $69.7M | 40.0% |
| Pennsylvania (PA) | 16 | $15.9M | 4.0% |
| Mississippi (MS) | 8 | $8.0M | 2.0% |
| Arkansas (AR) | 16 | $4.0M | 4.0% |
Why Choose First Guaranty Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 400 SBA loans approved, totaling $173.8M in financing
- ✓Industry Expertise: Specialized focus on Drinking Places (Alcoholic Beverages), Optical Goods Stores, Limited-Service Restaurants
- ✓Competitive Terms: Average interest rate of 6.46% with flexible term lengths averaging 144 months
- ✓Loan Range: Loan sizes from $30K to $2.0M, with an average of $435K
- ✓Nationwide Reach: Active lending in 5 states, with strong presence in TX, LA, AR
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 drinking places (alcoholic beverages), optical goods stores, limited-service restaurants, veterinary services. 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 6.46% and average term length of 144 months (approximately 12 years). Loan sizes range from $30K to $2.0M, with an average loan size of $435K.
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 400 SBA loans totaling $173.8M 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 Guaranty Bank lend in?
First Guaranty Bank provides SBA 7(a) financing with particularly strong presence in TX, LA, AR, PA, MS. 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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