FIRST SECURITY BANK OF SOUTHERN
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by FIRST SECURITY BANK OF SOUTHERN · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|
Geographic Distribution
SBA lending activity for FIRST SECURITY BANK OF SOUTHERN by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New Mexico (NM) | 7 | $730K | 100.0% |
Why Choose FIRST SECURITY BANK OF SOUTHERN?
Based on SBA 7(a) lending track record from 1994-1997
- ✓Proven Track Record: 7 SBA loans approved, totaling $730K in financing
- ✓Industry Expertise: Specialized focus on
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 126 months
- ✓Loan Range: Loan sizes from $10K to $225K, with an average of $104K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in NM
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 OF SOUTHERN SBA lending
What types of businesses does FIRST SECURITY BANK OF SOUTHERN typically finance?
FIRST SECURITY BANK OF SOUTHERN specializes in SBA 7(a) lending to specific industries including . They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are FIRST SECURITY BANK OF SOUTHERN's typical SBA loan terms?
FIRST SECURITY BANK OF SOUTHERN's SBA 7(a) loans typically feature an average interest rate of — and average term length of 126 months (approximately 11 years). Loan sizes range from $10K to $225K, with an average loan size of $104K.
Do I need a business valuation for a FIRST SECURITY BANK OF SOUTHERN SBA loan?
Yes, FIRST SECURITY BANK OF SOUTHERN 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 OF SOUTHERN compare to other SBA lenders?
FIRST SECURITY BANK OF SOUTHERN has originated 7 SBA loans totaling $730K 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 SECURITY BANK OF SOUTHERN lend in?
FIRST SECURITY BANK OF SOUTHERN provides SBA 7(a) financing with particularly strong presence in NM. 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.
Get your certified valuation from Fair Market Value.