First Seacoast Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First Seacoast Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 621210 | Offices of Dentists | 16 | $18.6M | $1.2M | 16.7% |
| 484210 | Used Household and Office Goods Moving | 8 | $800K | $100K | 8.3% |
| 456191 | Other | 8 | $5.2M | $646K | 8.3% |
| 524210 | Insurance Agencies and Brokerages | 8 | $3.2M | $400K | 8.3% |
| 561730 | Landscaping Services | 8 | $4.0M | $500K | 8.3% |
| 441330 | Other | 8 | $19.7M | $2.5M | 8.3% |
| 441227 | Other | 8 | $400K | $50K | 8.3% |
| 445120 | Convenience Stores | 8 | $48K | $6K | 8.3% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 8 | $1.8M | $225K | 8.3% |
| 811111 | General Automotive Repair | 8 | $2.4M | $297K | 8.3% |
Geographic Distribution
SBA lending activity for First Seacoast Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New Hampshire (NH) | 96 | $56.7M | 100.0% |
Why Choose First Seacoast Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 96 SBA loans approved, totaling $56.7M in financing
- ✓Industry Expertise: Specialized focus on Offices of Dentists, Used Household and Office Goods Moving, Other
- ✓Competitive Terms: Average interest rate of 7.31% with flexible term lengths averaging 128 months
- ✓Loan Range: Loan sizes from $6K to $2.5M, with an average of $591K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in NH
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 Seacoast Bank SBA lending
What types of businesses does First Seacoast Bank typically finance?
First Seacoast Bank specializes in SBA 7(a) lending to specific industries including offices of dentists, used household and office goods moving, other, insurance agencies and brokerages. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First Seacoast Bank's typical SBA loan terms?
First Seacoast Bank's SBA 7(a) loans typically feature an average interest rate of 7.31% and average term length of 128 months (approximately 11 years). Loan sizes range from $6K to $2.5M, with an average loan size of $591K.
Do I need a business valuation for a First Seacoast Bank SBA loan?
Yes, First Seacoast 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 Seacoast Bank compare to other SBA lenders?
First Seacoast Bank has originated 96 SBA loans totaling $56.7M 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 Seacoast Bank lend in?
First Seacoast Bank provides SBA 7(a) financing with particularly strong presence in NH. 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?
Professional valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.