First Peoples Bank of Tennessee
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First Peoples Bank of Tennessee · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 621310 | Offices of Chiropractors | 1 | $119K | $119K | 11.1% |
Geographic Distribution
SBA lending activity for First Peoples Bank of Tennessee by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Tennessee (TN) | 8 | $1.4M | 88.9% |
| Kentucky (KY) | 1 | $400K | 11.1% |
Why Choose First Peoples Bank of Tennessee?
Based on SBA 7(a) lending track record from 1991-1997
- ✓Proven Track Record: 9 SBA loans approved, totaling $1.8M in financing
- ✓Industry Expertise: Specialized focus on Offices of Chiropractors
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 122 months
- ✓Loan Range: Loan sizes from $30K to $550K, with an average of $202K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in TN, KY
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 Peoples Bank of Tennessee SBA lending
What types of businesses does First Peoples Bank of Tennessee typically finance?
First Peoples Bank of Tennessee specializes in SBA 7(a) lending to specific industries including offices of chiropractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First Peoples Bank of Tennessee's typical SBA loan terms?
First Peoples Bank of Tennessee's SBA 7(a) loans typically feature an average interest rate of — and average term length of 122 months (approximately 10 years). Loan sizes range from $30K to $550K, with an average loan size of $202K.
Do I need a business valuation for a First Peoples Bank of Tennessee SBA loan?
Yes, First Peoples Bank of Tennessee 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 Peoples Bank of Tennessee compare to other SBA lenders?
First Peoples Bank of Tennessee has originated 9 SBA loans totaling $1.8M since 1991. 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 Peoples Bank of Tennessee lend in?
First Peoples Bank of Tennessee provides SBA 7(a) financing with particularly strong presence in TN, KY. 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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