First National Bank of Huntsville
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First National Bank of Huntsville · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 561730 | Landscaping Services | 2 | $13K | $7K | 10.0% |
| 811191 | Automotive Oil Change and Lubrication Shops | 2 | $208K | $104K | 10.0% |
| 423910 | Sporting and Recreational Goods and Supplies Merchant Wholesalers | 1 | $50K | $50K | 5.0% |
| 621610 | Home Health Care Services | 1 | $250K | $250K | 5.0% |
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 1 | $150K | $150K | 5.0% |
| 811111 | General Automotive Repair | 1 | $95K | $95K | 5.0% |
Geographic Distribution
SBA lending activity for First National Bank of Huntsville by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Texas (TX) | 20 | $1.5M | 100.0% |
Why Choose First National Bank of Huntsville?
Based on SBA 7(a) lending track record from 1994-2013
- ✓Proven Track Record: 20 SBA loans approved, totaling $1.5M in financing
- ✓Industry Expertise: Specialized focus on Landscaping Services, Automotive Oil Change and Lubrication Shops, Sporting and Recreational Goods and Supplies Merchant Wholesalers
- ✓Competitive Terms: Average interest rate of 6.00% with flexible term lengths averaging 74 months
- ✓Loan Range: Loan sizes from $6K to $250K, with an average of $74K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in TX
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 National Bank of Huntsville SBA lending
What types of businesses does First National Bank of Huntsville typically finance?
First National Bank of Huntsville specializes in SBA 7(a) lending to specific industries including landscaping services, automotive oil change and lubrication shops, sporting and recreational goods and supplies merchant wholesalers, home health care services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First National Bank of Huntsville's typical SBA loan terms?
First National Bank of Huntsville's SBA 7(a) loans typically feature an average interest rate of 6.00% and average term length of 74 months (approximately 6 years). Loan sizes range from $6K to $250K, with an average loan size of $74K.
Do I need a business valuation for a First National Bank of Huntsville SBA loan?
Yes, First National Bank of Huntsville 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 National Bank of Huntsville compare to other SBA lenders?
First National Bank of Huntsville has originated 20 SBA loans totaling $1.5M since 1994. 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 National Bank of Huntsville lend in?
First National Bank of Huntsville provides SBA 7(a) financing with particularly strong presence in TX. 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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