First Midwest Bank of the Ozarks
SBA 7(a) Lending Profile · FY 2024 analysis
Industry Focus
Top industries served by First Midwest Bank of the Ozarks
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 115112 | Soil Preparation, Planting, and Cultivating | 16 | $2.1M | $130K | 11.1% |
| 722511 | Full-Service Restaurants | 16 | $4.9M | $308K | 11.1% |
| 531130 | Lessors of Miniwarehouses and Self-Storage Units | 16 | $7.1M | $442K | 11.1% |
| 423910 | Sporting and Recreational Goods and Supplies Merchant Wholesalers | 16 | $10.8M | $675K | 11.1% |
| 812910 | Pet Care (except Veterinary) Services | 8 | $2.0M | $250K | 5.6% |
| 812210 | Funeral Homes and Funeral Services | 8 | $16.4M | $2.1M | 5.6% |
| 811192 | Car Washes | 8 | $10.4M | $1.3M | 5.6% |
| 541870 | Advertising Material Distribution Services | 8 | $2.6M | $320K | 5.6% |
| 561431 | Private Mail Centers | 8 | $1.5M | $185K | 5.6% |
| 453998 | All Other Miscellaneous Store Retailers (except Tobacco Stores) | 8 | $2.5M | $310K | 5.6% |
Geographic Distribution
SBA lending activity for First Midwest Bank of the Ozarks by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Missouri (MO) | 128 | $60.9M | 88.9% |
| Ohio (OH) | 16 | $10.8M | 11.1% |
Why Choose First Midwest Bank of the Ozarks?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 144 SBA loans approved, totaling $71.7M in financing
- ✓Industry Expertise: Specialized focus on Soil Preparation, Planting, and Cultivating, Full-Service Restaurants, Lessors of Miniwarehouses and Self-Storage Units
- ✓Competitive Terms: Average interest rate of 5.43% with flexible term lengths averaging 142 months
- ✓Loan Range: Loan sizes from $56K to $2.1M, with an average of $498K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in MO, OH
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 the Ozarks SBA lending
What types of businesses does First Midwest Bank of the Ozarks typically finance?
First Midwest Bank of the Ozarks specializes in SBA 7(a) lending to specific industries including soil preparation, planting, and cultivating, full-service restaurants, lessors of miniwarehouses and self-storage units, sporting and recreational goods and supplies merchant wholesalers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First Midwest Bank of the Ozarks's typical SBA loan terms?
First Midwest Bank of the Ozarks's SBA 7(a) loans typically feature an average interest rate of 5.43% and average term length of 142 months (approximately 12 years). Loan sizes range from $56K to $2.1M, with an average loan size of $498K.
Do I need a business valuation for a First Midwest Bank of the Ozarks SBA loan?
Yes, First Midwest Bank of the Ozarks 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 the Ozarks compare to other SBA lenders?
First Midwest Bank of the Ozarks has originated 144 SBA loans totaling $71.7M 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 Midwest Bank of the Ozarks lend in?
First Midwest Bank of the Ozarks provides SBA 7(a) financing with particularly strong presence in MO, OH. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
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