First Savings Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First Savings Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 721110 | Hotels (except Casino Hotels) and Motels | 18 | $9.3M | $518K | 2.9% |
| 811111 | General Automotive Repair | 14 | $2.3M | $167K | 2.2% |
| 541110 | Offices of Lawyers | 10 | $2.5M | $249K | 1.6% |
| 238990 | All Other Specialty Trade Contractors | 10 | $1.7M | $168K | 1.6% |
| 624410 | Child Care Services | 10 | $2.1M | $210K | 1.6% |
| 722511 | Full-Service Restaurants | 10 | $3.7M | $369K | 1.6% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 8 | $2.0M | $244K | 1.3% |
| 621310 | Offices of Chiropractors | 8 | $528K | $66K | 1.3% |
| 424720 | Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals) | 7 | $1.3M | $180K | 1.1% |
| 722410 | Drinking Places (Alcoholic Beverages) | 7 | $1.3M | $187K | 1.1% |
Geographic Distribution
SBA lending activity for First Savings Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New Mexico (NM) | 282 | $47.6M | 45.2% |
| Texas (TX) | 95 | $31.4M | 15.2% |
| South Dakota (SD) | 124 | $15.5M | 19.9% |
| Nevada (NV) | 49 | $11.0M | 7.9% |
| Nebraska (NE) | 33 | $5.2M | 5.3% |
| Arizona (AZ) | 19 | $5.0M | 3.0% |
| Colorado (CO) | 1 | $756K | 0.2% |
| Oregon (OR) | 4 | $603K | 0.6% |
| North Dakota (ND) | 2 | $460K | 0.3% |
| California (CA) | 1 | $350K | 0.2% |
| Idaho (ID) | 2 | $336K | 0.3% |
| Oklahoma (OK) | 1 | $312K | 0.2% |
| Alaska (AK) | 1 | $280K | 0.2% |
| Minnesota (MN) | 3 | $272K | 0.5% |
| Iowa (IA) | 2 | $191K | 0.3% |
| New Jersey (NJ) | 1 | $160K | 0.2% |
| Alabama (AL) | 1 | $160K | 0.2% |
| Tennessee (TN) | 1 | $150K | 0.2% |
| Wisconsin (WI) | 1 | $130K | 0.2% |
| Kentucky (KY) | 1 | $105K | 0.2% |
Why Choose First Savings Bank?
Based on SBA 7(a) lending track record from 1991-2025
- ✓Proven Track Record: 624 SBA loans approved, totaling $119.9M in financing
- ✓Industry Expertise: Specialized focus on Hotels (except Casino Hotels) and Motels, General Automotive Repair, Offices of Lawyers
- ✓Competitive Terms: Average interest rate of 5.90% with flexible term lengths averaging 116 months
- ✓Loan Range: Loan sizes from $5K to $1.7M, with an average of $192K
- ✓Nationwide Reach: Active lending in 20 states, with strong presence in NM, SD, TX
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 Savings Bank SBA lending
What types of businesses does First Savings Bank typically finance?
First Savings Bank specializes in SBA 7(a) lending to specific industries including hotels (except casino hotels) and motels, general automotive repair, offices of lawyers, all other specialty trade contractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First Savings Bank's typical SBA loan terms?
First Savings Bank's SBA 7(a) loans typically feature an average interest rate of 5.90% and average term length of 116 months (approximately 10 years). Loan sizes range from $5K to $1.7M, with an average loan size of $192K.
Do I need a business valuation for a First Savings Bank SBA loan?
Yes, First Savings 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 Savings Bank compare to other SBA lenders?
First Savings Bank has originated 624 SBA loans totaling $119.9M 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 Savings Bank lend in?
First Savings Bank provides SBA 7(a) financing with particularly strong presence in NM, SD, TX, NV, 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.
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