First Northern Bank of Wyoming
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First Northern Bank of Wyoming · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 213112 | Support Activities for Oil and Gas Operations | 9 | $1.8M | $199K | 6.1% |
| 721211 | RV (Recreational Vehicle) Parks and Campgrounds | 7 | $1.6M | $222K | 4.8% |
| 213111 | Drilling Oil and Gas Wells | 6 | $1.7M | $276K | 4.1% |
| 531120 | Lessors of Nonresidential Buildings (except Miniwarehouses) | 6 | $3.0M | $499K | 4.1% |
| 722513 | Limited-Service Restaurants | 3 | $1.8M | $605K | 2.0% |
| 445292 | Confectionery and Nut Retailers | 3 | $523K | $174K | 2.0% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 3 | $429K | $143K | 2.0% |
| 484220 | Specialized Freight (except Used Goods) Trucking, Local | 3 | $567K | $189K | 2.0% |
| 722511 | Full-Service Restaurants | 3 | $1.5M | $493K | 2.0% |
| 722410 | Drinking Places (Alcoholic Beverages) | 2 | $531K | $265K | 1.4% |
Geographic Distribution
SBA lending activity for First Northern Bank of Wyoming by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Wyoming (WY) | 139 | $42.1M | 94.6% |
| Montana (MT) | 4 | $3.9M | 2.7% |
| California (CA) | 1 | $500K | 0.7% |
| South Dakota (SD) | 1 | $149K | 0.7% |
| Missouri (MO) | 1 | $58K | 0.7% |
| Alabama (AL) | 1 | $25K | 0.7% |
Why Choose First Northern Bank of Wyoming?
Based on SBA 7(a) lending track record from 1992-2025
- ✓Proven Track Record: 147 SBA loans approved, totaling $46.7M in financing
- ✓Industry Expertise: Specialized focus on Support Activities for Oil and Gas Operations, RV (Recreational Vehicle) Parks and Campgrounds, Drilling Oil and Gas Wells
- ✓Competitive Terms: Average interest rate of 6.07% with flexible term lengths averaging 141 months
- ✓Loan Range: Loan sizes from $20K to $2.9M, with an average of $317K
- ✓Nationwide Reach: Active lending in 6 states, with strong presence in WY, MT, CA
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 of Wyoming SBA lending
What types of businesses does First Northern Bank of Wyoming typically finance?
First Northern Bank of Wyoming specializes in SBA 7(a) lending to specific industries including support activities for oil and gas operations, rv (recreational vehicle) parks and campgrounds, drilling oil and gas wells, lessors of nonresidential buildings (except miniwarehouses). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First Northern Bank of Wyoming's typical SBA loan terms?
First Northern Bank of Wyoming's SBA 7(a) loans typically feature an average interest rate of 6.07% and average term length of 141 months (approximately 12 years). Loan sizes range from $20K to $2.9M, with an average loan size of $317K.
Do I need a business valuation for a First Northern Bank of Wyoming SBA loan?
Yes, First Northern Bank of Wyoming 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 of Wyoming compare to other SBA lenders?
First Northern Bank of Wyoming has originated 147 SBA loans totaling $46.7M since 1992. 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 of Wyoming lend in?
First Northern Bank of Wyoming provides SBA 7(a) financing with particularly strong presence in WY, MT, CA, AL, MO. 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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