First National Bank of Pulaski
SBA 7(a) Lending Profile · FY 2022 analysis
Industry Focus
Top industries served by First National Bank of Pulaski
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 16 | $3.9M | $243K | 40.0% |
| 812199 | Other Personal Care Services | 8 | $800K | $100K | 20.0% |
| 238910 | Site Preparation Contractors | 8 | $1.8M | $226K | 20.0% |
| 541330 | Engineering Services | 8 | $2.8M | $350K | 20.0% |
Geographic Distribution
SBA lending activity for First National Bank of Pulaski by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Alabama (AL) | 32 | $7.5M | 80.0% |
| Tennessee (TN) | 8 | $1.8M | 20.0% |
Why Choose First National Bank of Pulaski?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 40 SBA loans approved, totaling $9.3M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Other Personal Care Services, Site Preparation Contractors
- ✓Competitive Terms: Average interest rate of 7.94% with flexible term lengths averaging 59 months
- ✓Loan Range: Loan sizes from $100K to $350K, with an average of $232K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in AL, TN
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 Pulaski SBA lending
What types of businesses does First National Bank of Pulaski typically finance?
First National Bank of Pulaski specializes in SBA 7(a) lending to specific industries including full-service restaurants, other personal care services, site preparation contractors, engineering services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First National Bank of Pulaski's typical SBA loan terms?
First National Bank of Pulaski's SBA 7(a) loans typically feature an average interest rate of 7.94% and average term length of 59 months (approximately 5 years). Loan sizes range from $100K to $350K, with an average loan size of $232K.
Do I need a business valuation for a First National Bank of Pulaski SBA loan?
Yes, First National Bank of Pulaski 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 Pulaski compare to other SBA lenders?
First National Bank of Pulaski has originated 40 SBA loans totaling $9.3M 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 Pulaski lend in?
First National Bank of Pulaski provides SBA 7(a) financing with particularly strong presence in AL, TN. 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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