First National Bank of Louisiana
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First National Bank of Louisiana · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 621320 | Offices of Optometrists | 3 | $196K | $65K | 6.8% |
| 213112 | Support Activities for Oil and Gas Operations | 3 | $4.5M | $1.5M | 6.8% |
| 621512 | Diagnostic Imaging Centers | 2 | $60K | $30K | 4.5% |
| 237310 | Highway, Street, and Bridge Construction | 2 | $145K | $73K | 4.5% |
| 621420 | Outpatient Mental Health and Substance Abuse Centers | 2 | $55K | $27K | 4.5% |
| 812112 | Beauty Salons | 2 | $66K | $33K | 4.5% |
| 332911 | Industrial Valve Manufacturing | 2 | $1.0M | $500K | 4.5% |
| 485991 | Special Needs Transportation | 1 | $60K | $60K | 2.3% |
| 812320 | Drycleaning and Laundry Services (except Coin-Operated) | 1 | $150K | $150K | 2.3% |
| 811122 | Automotive Glass Replacement Shops | 1 | $20K | $20K | 2.3% |
Geographic Distribution
SBA lending activity for First National Bank of Louisiana by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Louisiana (LA) | 43 | $12.6M | 97.7% |
| Texas (TX) | 1 | $100K | 2.3% |
Why Choose First National Bank of Louisiana?
Based on SBA 7(a) lending track record from 1995-2022
- ✓Proven Track Record: 44 SBA loans approved, totaling $12.7M in financing
- ✓Industry Expertise: Specialized focus on Offices of Optometrists, Support Activities for Oil and Gas Operations, Diagnostic Imaging Centers
- ✓Competitive Terms: Average interest rate of 6.36% with flexible term lengths averaging 82 months
- ✓Loan Range: Loan sizes from $10K to $3.5M, with an average of $289K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in LA, 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 Louisiana SBA lending
What types of businesses does First National Bank of Louisiana typically finance?
First National Bank of Louisiana specializes in SBA 7(a) lending to specific industries including offices of optometrists, support activities for oil and gas operations, diagnostic imaging centers, highway, street, and bridge construction. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First National Bank of Louisiana's typical SBA loan terms?
First National Bank of Louisiana's SBA 7(a) loans typically feature an average interest rate of 6.36% and average term length of 82 months (approximately 7 years). Loan sizes range from $10K to $3.5M, with an average loan size of $289K.
Do I need a business valuation for a First National Bank of Louisiana SBA loan?
Yes, First National Bank of Louisiana 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 Louisiana compare to other SBA lenders?
First National Bank of Louisiana has originated 44 SBA loans totaling $12.7M since 1995. 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 Louisiana lend in?
First National Bank of Louisiana provides SBA 7(a) financing with particularly strong presence in LA, 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.
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Certified valuations are often required for SBA loans over $250,000.
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