First National Bank of the Rockies
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First National Bank of the Rockies · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811198 | All Other Automotive Repair and Maintenance | 1 | $485K | $485K | 20.0% |
| 524210 | Insurance Agencies and Brokerages | 1 | $145K | $145K | 20.0% |
Geographic Distribution
SBA lending activity for First National Bank of the Rockies by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Colorado (CO) | 5 | $971K | 100.0% |
Why Choose First National Bank of the Rockies?
Based on SBA 7(a) lending track record from 2001-2004
- ✓Proven Track Record: 5 SBA loans approved, totaling $971K in financing
- ✓Industry Expertise: Specialized focus on All Other Automotive Repair and Maintenance, Insurance Agencies and Brokerages
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 133 months
- ✓Loan Range: Loan sizes from $65K to $485K, with an average of $194K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in CO
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 the Rockies SBA lending
What types of businesses does First National Bank of the Rockies typically finance?
First National Bank of the Rockies specializes in SBA 7(a) lending to specific industries including all other automotive repair and maintenance, insurance agencies and brokerages. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First National Bank of the Rockies's typical SBA loan terms?
First National Bank of the Rockies's SBA 7(a) loans typically feature an average interest rate of — and average term length of 133 months (approximately 11 years). Loan sizes range from $65K to $485K, with an average loan size of $194K.
Do I need a business valuation for a First National Bank of the Rockies SBA loan?
Yes, First National Bank of the Rockies 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 the Rockies compare to other SBA lenders?
First National Bank of the Rockies has originated 5 SBA loans totaling $971K since 2001. 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 the Rockies lend in?
First National Bank of the Rockies provides SBA 7(a) financing with particularly strong presence in CO. 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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