First Mortgage Corporation
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First Mortgage Corporation · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 314110 | Carpet and Rug Mills | 1 | $105K | $105K | 6.7% |
| 811111 | General Automotive Repair | 1 | $150K | $150K | 6.7% |
Geographic Distribution
SBA lending activity for First Mortgage Corporation by state
| State | Loans | Volume | Share |
|---|---|---|---|
| California (CA) | 14 | $4.9M | 93.3% |
| Utah (UT) | 1 | $1.0M | 6.7% |
Why Choose First Mortgage Corporation?
Based on SBA 7(a) lending track record from 1991-1992
- ✓Proven Track Record: 15 SBA loans approved, totaling $5.9M in financing
- ✓Industry Expertise: Specialized focus on Carpet and Rug Mills, General Automotive Repair
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 189 months
- ✓Loan Range: Loan sizes from $105K to $1.0M, with an average of $395K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in CA, UT
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 Mortgage Corporation SBA lending
What types of businesses does First Mortgage Corporation typically finance?
First Mortgage Corporation specializes in SBA 7(a) lending to specific industries including carpet and rug mills, general automotive repair. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First Mortgage Corporation's typical SBA loan terms?
First Mortgage Corporation's SBA 7(a) loans typically feature an average interest rate of — and average term length of 189 months (approximately 16 years). Loan sizes range from $105K to $1.0M, with an average loan size of $395K.
Do I need a business valuation for a First Mortgage Corporation SBA loan?
Yes, First Mortgage Corporation 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 Mortgage Corporation compare to other SBA lenders?
First Mortgage Corporation has originated 15 SBA loans totaling $5.9M since 1991. 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 Mortgage Corporation lend in?
First Mortgage Corporation provides SBA 7(a) financing with particularly strong presence in CA, UT. 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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