First National Bank of Pana
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First National Bank of Pana
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 621310 | Offices of Chiropractors | 16 | $2.7M | $171K | 33.3% |
| 812210 | Funeral Homes and Funeral Services | 16 | $3.7M | $229K | 33.3% |
| 238990 | All Other Specialty Trade Contractors | 8 | $2.8M | $350K | 16.7% |
| 333999 | All Other Miscellaneous General Purpose Machinery Manufacturing | 8 | $8.8M | $1.1M | 16.7% |
Geographic Distribution
SBA lending activity for First National Bank of Pana by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Illinois (IL) | 48 | $18.0M | 100.0% |
Why Choose First National Bank of Pana?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 48 SBA loans approved, totaling $18.0M in financing
- ✓Industry Expertise: Specialized focus on Offices of Chiropractors, Funeral Homes and Funeral Services, All Other Specialty Trade Contractors
- ✓Competitive Terms: Average interest rate of 7.54% with flexible term lengths averaging 123 months
- ✓Loan Range: Loan sizes from $132K to $1.1M, with an average of $375K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in IL
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 Pana SBA lending
What types of businesses does First National Bank of Pana typically finance?
First National Bank of Pana specializes in SBA 7(a) lending to specific industries including offices of chiropractors, funeral homes and funeral services, all other specialty trade contractors, all other miscellaneous general purpose machinery manufacturing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First National Bank of Pana's typical SBA loan terms?
First National Bank of Pana's SBA 7(a) loans typically feature an average interest rate of 7.54% and average term length of 123 months (approximately 10 years). Loan sizes range from $132K to $1.1M, with an average loan size of $375K.
Do I need a business valuation for a First National Bank of Pana SBA loan?
Yes, First National Bank of Pana 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 Pana compare to other SBA lenders?
First National Bank of Pana has originated 48 SBA loans totaling $18.0M 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 National Bank of Pana lend in?
First National Bank of Pana provides SBA 7(a) financing with particularly strong presence in IL. 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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Explore Industry Reports →Need a Business Valuation?
Professional valuations are often required for SBA loans over $250,000.
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