First Independent Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First Independent Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 424930 | Flower, Nursery Stock, and Florists' Supplies Merchant Wholesalers | 32 | $1.0M | $31K | 20.0% |
| 111411 | Mushroom Production | 16 | $5.6M | $350K | 10.0% |
| 812990 | All Other Personal Services | 16 | $368K | $23K | 10.0% |
| 484121 | General Freight Trucking, Long Distance, Truckload | 16 | $2.6M | $160K | 10.0% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 8 | $1.2M | $150K | 5.0% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 8 | $1.3M | $166K | 5.0% |
| 424120 | Stationery and Office Supplies Merchant Wholesalers | 8 | $1.2M | $150K | 5.0% |
| 238910 | Site Preparation Contractors | 8 | $2.6M | $320K | 5.0% |
| 111422 | Floriculture Production | 8 | $3.3M | $416K | 5.0% |
| 721110 | Hotels (except Casino Hotels) and Motels | 8 | $5.2M | $647K | 5.0% |
Geographic Distribution
SBA lending activity for First Independent Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Missouri (MO) | 160 | $25.0M | 100.0% |
Why Choose First Independent Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 160 SBA loans approved, totaling $25.0M in financing
- ✓Industry Expertise: Specialized focus on Flower, Nursery Stock, and Florists' Supplies Merchant Wholesalers, Mushroom Production, All Other Personal Services
- ✓Competitive Terms: Average interest rate of 7.31% with flexible term lengths averaging 111 months
- ✓Loan Range: Loan sizes from $10K to $647K, with an average of $156K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MO
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 Independent Bank SBA lending
What types of businesses does First Independent Bank typically finance?
First Independent Bank specializes in SBA 7(a) lending to specific industries including flower, nursery stock, and florists' supplies merchant wholesalers, mushroom production, all other personal services, general freight trucking, long distance, truckload. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First Independent Bank's typical SBA loan terms?
First Independent Bank's SBA 7(a) loans typically feature an average interest rate of 7.31% and average term length of 111 months (approximately 9 years). Loan sizes range from $10K to $647K, with an average loan size of $156K.
Do I need a business valuation for a First Independent Bank SBA loan?
Yes, First Independent 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 Independent Bank compare to other SBA lenders?
First Independent Bank has originated 160 SBA loans totaling $25.0M 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 Independent Bank lend in?
First Independent Bank provides SBA 7(a) financing with particularly strong presence in MO. 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.
Get your certified valuation from Fair Market Value.