First Harrison Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First Harrison Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812990 | All Other Personal Services | 3 | $391K | $130K | 5.6% |
| 722513 | Limited-Service Restaurants | 3 | $505K | $168K | 5.6% |
| 541211 | Offices of Certified Public Accountants | 3 | $1.9M | $621K | 5.6% |
| 561790 | Other Services to Buildings and Dwellings | 3 | $246K | $82K | 5.6% |
| 332111 | Iron and Steel Forging | 2 | $122K | $61K | 3.7% |
| 722511 | Full-Service Restaurants | 2 | $170K | $85K | 3.7% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 2 | $260K | $130K | 3.7% |
| 611519 | Other Technical and Trade Schools | 2 | $408K | $204K | 3.7% |
| 562111 | Solid Waste Collection | 2 | $362K | $181K | 3.7% |
| 424820 | Wine and Distilled Alcoholic Beverage Merchant Wholesalers | 2 | $500K | $250K | 3.7% |
Geographic Distribution
SBA lending activity for First Harrison Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Indiana (IN) | 41 | $14.0M | 75.9% |
| Kentucky (KY) | 12 | $3.5M | 22.2% |
| Louisiana (LA) | 1 | $180K | 1.9% |
Why Choose First Harrison Bank?
Based on SBA 7(a) lending track record from 1999-2025
- ✓Proven Track Record: 54 SBA loans approved, totaling $17.7M in financing
- ✓Industry Expertise: Specialized focus on All Other Personal Services, Limited-Service Restaurants, Offices of Certified Public Accountants
- ✓Competitive Terms: Average interest rate of 7.85% with flexible term lengths averaging 127 months
- ✓Loan Range: Loan sizes from $20K to $2.0M, with an average of $328K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in IN, KY, LA
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 Harrison Bank SBA lending
What types of businesses does First Harrison Bank typically finance?
First Harrison Bank specializes in SBA 7(a) lending to specific industries including all other personal services, limited-service restaurants, offices of certified public accountants, other services to buildings and dwellings. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First Harrison Bank's typical SBA loan terms?
First Harrison Bank's SBA 7(a) loans typically feature an average interest rate of 7.85% and average term length of 127 months (approximately 11 years). Loan sizes range from $20K to $2.0M, with an average loan size of $328K.
Do I need a business valuation for a First Harrison Bank SBA loan?
Yes, First Harrison 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 Harrison Bank compare to other SBA lenders?
First Harrison Bank has originated 54 SBA loans totaling $17.7M since 1999. 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 Harrison Bank lend in?
First Harrison Bank provides SBA 7(a) financing with particularly strong presence in IN, KY, LA. 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.
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