First Midwest Bank of Dexter
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First Midwest Bank of Dexter · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811121 | Automotive Body, Paint, and Interior Repair and Maintenance | 1 | $410K | $410K | 6.7% |
| 624410 | Child Care Services | 1 | $83K | $83K | 6.7% |
| 326199 | All Other Plastics Product Manufacturing | 1 | $550K | $550K | 6.7% |
| 236118 | Residential Remodelers | 1 | $75K | $75K | 6.7% |
| 811111 | General Automotive Repair | 1 | $32K | $32K | 6.7% |
| 811490 | Other Personal and Household Goods Repair and Maintenance | 1 | $80K | $80K | 6.7% |
Geographic Distribution
SBA lending activity for First Midwest Bank of Dexter by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Missouri (MO) | 15 | $4.8M | 100.0% |
Why Choose First Midwest Bank of Dexter?
Based on SBA 7(a) lending track record from 1992-2010
- ✓Proven Track Record: 15 SBA loans approved, totaling $4.8M in financing
- ✓Industry Expertise: Specialized focus on Automotive Body, Paint, and Interior Repair and Maintenance, Child Care Services, All Other Plastics Product Manufacturing
- ✓Competitive Terms: Average interest rate of 6.00% with flexible term lengths averaging 110 months
- ✓Loan Range: Loan sizes from $20K to $1.3M, with an average of $322K
- ✓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 Midwest Bank of Dexter SBA lending
What types of businesses does First Midwest Bank of Dexter typically finance?
First Midwest Bank of Dexter specializes in SBA 7(a) lending to specific industries including automotive body, paint, and interior repair and maintenance, child care services, all other plastics product manufacturing, residential remodelers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First Midwest Bank of Dexter's typical SBA loan terms?
First Midwest Bank of Dexter's SBA 7(a) loans typically feature an average interest rate of 6.00% and average term length of 110 months (approximately 9 years). Loan sizes range from $20K to $1.3M, with an average loan size of $322K.
Do I need a business valuation for a First Midwest Bank of Dexter SBA loan?
Yes, First Midwest Bank of Dexter 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 Midwest Bank of Dexter compare to other SBA lenders?
First Midwest Bank of Dexter has originated 15 SBA loans totaling $4.8M since 1992. 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 Midwest Bank of Dexter lend in?
First Midwest Bank of Dexter 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?
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