First Pioneer National Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First Pioneer National Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 238110 | Poured Concrete Foundation and Structure Contractors | 2 | $528K | $264K | 20.0% |
| 811310 | Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance | 1 | $40K | $40K | 10.0% |
| 811111 | General Automotive Repair | 1 | $82K | $82K | 10.0% |
Geographic Distribution
SBA lending activity for First Pioneer National Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Colorado (CO) | 8 | $848K | 80.0% |
| Nebraska (NE) | 2 | $220K | 20.0% |
Why Choose First Pioneer National Bank?
Based on SBA 7(a) lending track record from 1994-2011
- ✓Proven Track Record: 10 SBA loans approved, totaling $1.1M in financing
- ✓Industry Expertise: Specialized focus on Poured Concrete Foundation and Structure Contractors, Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance, General Automotive Repair
- ✓Competitive Terms: Average interest rate of 6.65% with flexible term lengths averaging 126 months
- ✓Loan Range: Loan sizes from $25K to $320K, with an average of $107K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in CO, NE
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 Pioneer National Bank SBA lending
What types of businesses does First Pioneer National Bank typically finance?
First Pioneer National Bank specializes in SBA 7(a) lending to specific industries including poured concrete foundation and structure contractors, commercial and industrial machinery and equipment (except automotive and electronic) repair and maintenance, general automotive repair. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First Pioneer National Bank's typical SBA loan terms?
First Pioneer National Bank's SBA 7(a) loans typically feature an average interest rate of 6.65% and average term length of 126 months (approximately 11 years). Loan sizes range from $25K to $320K, with an average loan size of $107K.
Do I need a business valuation for a First Pioneer National Bank SBA loan?
Yes, First Pioneer National 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 Pioneer National Bank compare to other SBA lenders?
First Pioneer National Bank has originated 10 SBA loans totaling $1.1M since 1994. 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 Pioneer National Bank lend in?
First Pioneer National Bank provides SBA 7(a) financing with particularly strong presence in CO, NE. 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.
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