First Security Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First Security Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 621330 | Offices of Mental Health Practitioners (except Physicians) | 24 | $3.7M | $155K | 7.5% |
| 722511 | Full-Service Restaurants | 24 | $8.5M | $352K | 7.5% |
| 713940 | Fitness and Recreational Sports Centers | 16 | $1.4M | $86K | 5.0% |
| 811111 | General Automotive Repair | 16 | $2.1M | $130K | 5.0% |
| 332710 | Machine Shops | 16 | $11.8M | $735K | 5.0% |
| 722513 | Limited-Service Restaurants | 16 | $5.3M | $333K | 5.0% |
| 459310 | Other | 16 | $884K | $55K | 5.0% |
| 448190 | Other Clothing Stores | 8 | $800K | $100K | 2.5% |
| 561730 | Landscaping Services | 8 | $800K | $100K | 2.5% |
| 524210 | Insurance Agencies and Brokerages | 8 | $400K | $50K | 2.5% |
Geographic Distribution
SBA lending activity for First Security Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Arkansas (AR) | 280 | $72.2M | 87.5% |
| Minnesota (MN) | 16 | $29.0M | 5.0% |
| Illinois (IL) | 16 | $6.0M | 5.0% |
| Missouri (MO) | 8 | $400K | 2.5% |
Why Choose First Security Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 320 SBA loans approved, totaling $107.6M in financing
- ✓Industry Expertise: Specialized focus on Offices of Mental Health Practitioners (except Physicians), Full-Service Restaurants, Fitness and Recreational Sports Centers
- ✓Competitive Terms: Average interest rate of 8.06% with flexible term lengths averaging 129 months
- ✓Loan Range: Loan sizes from $25K to $3.3M, with an average of $336K
- ✓Nationwide Reach: Active lending in 4 states, with strong presence in AR, MN, IL
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 Security Bank SBA lending
What types of businesses does First Security Bank typically finance?
First Security Bank specializes in SBA 7(a) lending to specific industries including offices of mental health practitioners (except physicians), full-service restaurants, fitness and recreational sports centers, general automotive repair. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First Security Bank's typical SBA loan terms?
First Security Bank's SBA 7(a) loans typically feature an average interest rate of 8.06% and average term length of 129 months (approximately 11 years). Loan sizes range from $25K to $3.3M, with an average loan size of $336K.
Do I need a business valuation for a First Security Bank SBA loan?
Yes, First Security 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 Security Bank compare to other SBA lenders?
First Security Bank has originated 320 SBA loans totaling $107.6M 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 Security Bank lend in?
First Security Bank provides SBA 7(a) financing with particularly strong presence in AR, MN, IL, MO. 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.
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