First National Community Bank
SBA 7(a) Lending Profile · FY 2023 analysis
Industry Focus
Top industries served by First National Community Bank · FY 2023
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 457110 | Gasoline Stations with Convenience Stores | 2 | $5.4M | $2.7M | 33.3% |
| 459130 | Sewing, Needlework, and Piece Goods Retailers | 1 | $40K | $40K | 16.7% |
| 238910 | Site Preparation Contractors | 1 | $585K | $585K | 16.7% |
| 722410 | Drinking Places (Alcoholic Beverages) | 1 | $341K | $341K | 16.7% |
| 561720 | Janitorial Services | 1 | $40K | $40K | 16.7% |
Geographic Distribution
SBA lending activity for First National Community Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Georgia (GA) | 2 | $5.4M | 33.3% |
| Minnesota (MN) | 3 | $665K | 50.0% |
| Wisconsin (WI) | 1 | $341K | 16.7% |
Why Choose First National Community Bank?
Based on SBA 7(a) lending track record in FY 2023
- ✓Proven Track Record: 6 SBA loans approved, totaling $6.4M in financing
- ✓Industry Expertise: Specialized focus on Gasoline Stations with Convenience Stores, Sewing, Needlework, and Piece Goods Retailers, Site Preparation Contractors
- ✓Competitive Terms: Average interest rate of 8.00% with flexible term lengths averaging 204 months
- ✓Loan Range: Loan sizes from $40K to $3.1M, with an average of $1.1M
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in MN, GA, WI
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 Community Bank SBA lending
What types of businesses does First National Community Bank typically finance?
First National Community Bank specializes in SBA 7(a) lending to specific industries including gasoline stations with convenience stores, sewing, needlework, and piece goods retailers, site preparation contractors, drinking places (alcoholic beverages). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First National Community Bank's typical SBA loan terms?
First National Community Bank's SBA 7(a) loans typically feature an average interest rate of 8.00% and average term length of 204 months (approximately 17 years). Loan sizes range from $40K to $3.1M, with an average loan size of $1.1M.
Do I need a business valuation for a First National Community Bank SBA loan?
Yes, First National Community Bank 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 Community Bank compare to other SBA lenders?
First National Community Bank has originated 6 SBA loans totaling $6.4M in FY 2023. 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 Community Bank lend in?
First National Community Bank provides SBA 7(a) financing with particularly strong presence in MN, GA, WI. 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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