First Savings Bank
SBA 7(a) Lending Profile · FY 2022 analysis
Industry Focus
Top industries served by First Savings Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 320 | $271.9M | $850K | 4.6% |
| 722513 | Limited-Service Restaurants | 256 | $236.3M | $923K | 3.7% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 232 | $198.6M | $856K | 3.4% |
| 811111 | General Automotive Repair | 176 | $162.8M | $925K | 2.5% |
| 812199 | Other Personal Care Services | 152 | $168.7M | $1.1M | 2.2% |
| 484110 | General Freight Trucking, Local | 144 | $74.7M | $519K | 2.1% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 120 | $80.5M | $671K | 1.7% |
| 111110 | Soybean Farming | 120 | $6.0M | $50K | 1.7% |
| 484121 | General Freight Trucking, Long Distance, Truckload | 120 | $50.5M | $421K | 1.7% |
| 524210 | Insurance Agencies and Brokerages | 104 | $47.8M | $460K | 1.5% |
Geographic Distribution
SBA lending activity for First Savings Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Texas (TX) | 840 | $726.4M | 12.2% |
| Florida (FL) | 680 | $549.8M | 9.8% |
| California (CA) | 800 | $451.6M | 11.6% |
| New York (NY) | 288 | $374.5M | 4.2% |
| Illinois (IL) | 360 | $295.3M | 5.2% |
| Ohio (OH) | 248 | $242.0M | 3.6% |
| Kentucky (KY) | 160 | $167.1M | 2.3% |
| Colorado (CO) | 152 | $164.7M | 2.2% |
| New Jersey (NJ) | 168 | $146.6M | 2.4% |
| Washington (WA) | 120 | $131.5M | 1.7% |
| Idaho (ID) | 152 | $129.7M | 2.2% |
| Georgia (GA) | 184 | $122.5M | 2.7% |
| Indiana (IN) | 200 | $116.8M | 2.9% |
| Missouri (MO) | 96 | $110.4M | 1.4% |
| Wisconsin (WI) | 72 | $109.3M | 1.0% |
| Nevada (NV) | 192 | $108.8M | 2.8% |
| New Mexico (NM) | 512 | $108.3M | 7.4% |
| Connecticut (CT) | 96 | $107.1M | 1.4% |
| Michigan (MI) | 168 | $102.5M | 2.4% |
| Utah (UT) | 56 | $83.6M | 0.8% |
| Alabama (AL) | 48 | $81.1M | 0.7% |
| Oregon (OR) | 80 | $70.0M | 1.2% |
| North Carolina (NC) | 152 | $61.5M | 2.2% |
| Arizona (AZ) | 160 | $58.2M | 2.3% |
| Tennessee (TN) | 80 | $55.7M | 1.2% |
| Minnesota (MN) | 32 | $53.0M | 0.5% |
| Pennsylvania (PA) | 144 | $52.9M | 2.1% |
| Maryland (MD) | 96 | $47.1M | 1.4% |
| Kansas (KS) | 32 | $41.1M | 0.5% |
| Massachusetts (MA) | 80 | $31.9M | 1.2% |
| Arkansas (AR) | 24 | $31.1M | 0.3% |
| Oklahoma (OK) | 40 | $21.9M | 0.6% |
| Nebraska (NE) | 24 | $21.4M | 0.3% |
| South Dakota (SD) | 96 | $20.5M | 1.4% |
| South Carolina (SC) | 72 | $16.8M | 1.0% |
| Virginia (VA) | 48 | $16.7M | 0.7% |
| Mississippi (MS) | 32 | $16.3M | 0.5% |
| Louisiana (LA) | 16 | $10.3M | 0.2% |
| Wyoming (WY) | 8 | $10.1M | 0.1% |
| West Virginia (WV) | 16 | $10.0M | 0.2% |
| District of Columbia (DC) | 8 | $9.5M | 0.1% |
| Delaware (DE) | 8 | $8.6M | 0.1% |
| Alaska (AK) | 16 | $7.4M | 0.2% |
| Iowa (IA) | 32 | $6.4M | 0.5% |
| New Hampshire (NH) | 8 | $4.1M | 0.1% |
| North Dakota (ND) | 8 | $3.6M | 0.1% |
| Rhode Island (RI) | 8 | $1.2M | 0.1% |
Why Choose First Savings Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 6,912 SBA loans approved, totaling $5.12B in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Limited-Service Restaurants, Snack and Nonalcoholic Beverage Bars
- ✓Competitive Terms: Average interest rate of 7.65% with flexible term lengths averaging 172 months
- ✓Loan Range: Loan sizes from $10K to $5.0M, with an average of $740K
- ✓Nationwide Reach: Active lending in 47 states, with strong presence in TX, CA, FL
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 full-service restaurants, limited-service restaurants, snack and nonalcoholic beverage bars, general automotive repair. 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 7.65% and average term length of 172 months (approximately 14 years). Loan sizes range from $10K to $5.0M, with an average loan size of $740K.
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 6,912 SBA loans totaling $5.12B since 2020. 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 TX, CA, FL, NM, IL. 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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