First National Bank of South Padre Island
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First National Bank of South Padre Island · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 713940 | Fitness and Recreational Sports Centers | 2 | $110K | $55K | 15.4% |
| 541921 | Photography Studios, Portrait | 1 | $25K | $25K | 7.7% |
Geographic Distribution
SBA lending activity for First National Bank of South Padre Island by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Texas (TX) | 12 | $1.2M | 92.3% |
| Arkansas (AR) | 1 | $15K | 7.7% |
Why Choose First National Bank of South Padre Island?
Based on SBA 7(a) lending track record from 1991-2003
- ✓Proven Track Record: 13 SBA loans approved, totaling $1.2M in financing
- ✓Industry Expertise: Specialized focus on Fitness and Recreational Sports Centers, Photography Studios, Portrait
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 103 months
- ✓Loan Range: Loan sizes from $15K to $279K, with an average of $91K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in TX, AR
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 South Padre Island SBA lending
What types of businesses does First National Bank of South Padre Island typically finance?
First National Bank of South Padre Island specializes in SBA 7(a) lending to specific industries including fitness and recreational sports centers, photography studios, portrait. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First National Bank of South Padre Island's typical SBA loan terms?
First National Bank of South Padre Island's SBA 7(a) loans typically feature an average interest rate of — and average term length of 103 months (approximately 9 years). Loan sizes range from $15K to $279K, with an average loan size of $91K.
Do I need a business valuation for a First National Bank of South Padre Island SBA loan?
Yes, First National Bank of South Padre Island 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 South Padre Island compare to other SBA lenders?
First National Bank of South Padre Island has originated 13 SBA loans totaling $1.2M 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 National Bank of South Padre Island lend in?
First National Bank of South Padre Island provides SBA 7(a) financing with particularly strong presence in TX, AR. 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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