First National Bank & Trust Company of McAlester
SBA 7(a) Lending Profile · FY 2020 analysis
Industry Focus
Top industries served by First National Bank & Trust Company of McAlester
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 524210 | Insurance Agencies and Brokerages | 16 | $2.5M | $155K | 10.5% |
| 484121 | General Freight Trucking, Long Distance, Truckload | 8 | $488K | $61K | 5.3% |
| 722511 | Full-Service Restaurants | 8 | $197K | $25K | 5.3% |
| 448190 | Other Clothing Stores | 8 | $800K | $100K | 5.3% |
| 443141 | Household Appliance Stores | 8 | $3.2M | $399K | 5.3% |
| 722513 | Limited-Service Restaurants | 8 | $556K | $70K | 5.3% |
| 445320 | Other | 8 | $4.0M | $500K | 5.3% |
| 485310 | Taxi Service | 8 | $4.0M | $500K | 5.3% |
| 711310 | Promoters of Performing Arts, Sports, and Similar Events with Faciliti | 8 | $7.2M | $900K | 5.3% |
| 484220 | Specialized Freight (except Used Goods) Trucking, Local | 8 | $800K | $100K | 5.3% |
Geographic Distribution
SBA lending activity for First National Bank & Trust Company of McAlester by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Oklahoma (OK) | 152 | $38.8M | 100.0% |
Why Choose First National Bank & Trust Company of McAlester?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 152 SBA loans approved, totaling $38.8M in financing
- ✓Industry Expertise: Specialized focus on Insurance Agencies and Brokerages, General Freight Trucking, Long Distance, Truckload, Full-Service Restaurants
- ✓Competitive Terms: Average interest rate of 5.78% with flexible term lengths averaging 97 months
- ✓Loan Range: Loan sizes from $25K to $900K, with an average of $255K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in OK
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 & Trust Company of McAlester SBA lending
What types of businesses does First National Bank & Trust Company of McAlester typically finance?
First National Bank & Trust Company of McAlester specializes in SBA 7(a) lending to specific industries including insurance agencies and brokerages, general freight trucking, long distance, truckload, full-service restaurants, other clothing stores. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First National Bank & Trust Company of McAlester's typical SBA loan terms?
First National Bank & Trust Company of McAlester's SBA 7(a) loans typically feature an average interest rate of 5.78% and average term length of 97 months (approximately 8 years). Loan sizes range from $25K to $900K, with an average loan size of $255K.
Do I need a business valuation for a First National Bank & Trust Company of McAlester SBA loan?
Yes, First National Bank & Trust Company of McAlester 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 & Trust Company of McAlester compare to other SBA lenders?
First National Bank & Trust Company of McAlester has originated 152 SBA loans totaling $38.8M 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 & Trust Company of McAlester lend in?
First National Bank & Trust Company of McAlester provides SBA 7(a) financing with particularly strong presence in OK. 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.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
Explore Industry Reports →Need a Business Valuation?
Professional valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.