First Northern Bank and Trust Company
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First Northern Bank and Trust Company · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|
Geographic Distribution
SBA lending activity for First Northern Bank and Trust Company by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Pennsylvania (PA) | 7 | $346K | 100.0% |
Why Choose First Northern Bank and Trust Company?
Based on SBA 7(a) lending track record from 1995-1995
- ✓Proven Track Record: 7 SBA loans approved, totaling $346K in financing
- ✓Industry Expertise: Specialized focus on
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 117 months
- ✓Loan Range: Loan sizes from $18K to $100K, with an average of $49K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in PA
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 Northern Bank and Trust Company SBA lending
What types of businesses does First Northern Bank and Trust Company typically finance?
First Northern Bank and Trust Company specializes in SBA 7(a) lending to specific industries including . They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First Northern Bank and Trust Company's typical SBA loan terms?
First Northern Bank and Trust Company's SBA 7(a) loans typically feature an average interest rate of — and average term length of 117 months (approximately 10 years). Loan sizes range from $18K to $100K, with an average loan size of $49K.
Do I need a business valuation for a First Northern Bank and Trust Company SBA loan?
Yes, First Northern Bank and Trust Company 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 Northern Bank and Trust Company compare to other SBA lenders?
First Northern Bank and Trust Company has originated 7 SBA loans totaling $346K since 1995. 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 Northern Bank and Trust Company lend in?
First Northern Bank and Trust Company provides SBA 7(a) financing with particularly strong presence in PA. 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?
Certified valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.