First Security Bank-West
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First Security Bank-West · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 721110 | Hotels (except Casino Hotels) and Motels | 1 | $50K | $50K | 8.3% |
| 339920 | Sporting and Athletic Goods Manufacturing | 1 | $39K | $39K | 8.3% |
| 541921 | Photography Studios, Portrait | 1 | $30K | $30K | 8.3% |
| 238290 | Other Building Equipment Contractors | 1 | $30K | $30K | 8.3% |
| 337122 | Nonupholstered Wood Household Furniture Manufacturing | 1 | $35K | $35K | 8.3% |
Geographic Distribution
SBA lending activity for First Security Bank-West by state
| State | Loans | Volume | Share |
|---|---|---|---|
| North Dakota (ND) | 12 | $673K | 100.0% |
Why Choose First Security Bank-West?
Based on SBA 7(a) lending track record from 1991-2005
- ✓Proven Track Record: 12 SBA loans approved, totaling $673K in financing
- ✓Industry Expertise: Specialized focus on Hotels (except Casino Hotels) and Motels, Sporting and Athletic Goods Manufacturing, Photography Studios, Portrait
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 123 months
- ✓Loan Range: Loan sizes from $15K to $145K, with an average of $56K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in ND
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-West SBA lending
What types of businesses does First Security Bank-West typically finance?
First Security Bank-West specializes in SBA 7(a) lending to specific industries including hotels (except casino hotels) and motels, sporting and athletic goods manufacturing, photography studios, portrait, other building equipment contractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First Security Bank-West's typical SBA loan terms?
First Security Bank-West's SBA 7(a) loans typically feature an average interest rate of — and average term length of 123 months (approximately 10 years). Loan sizes range from $15K to $145K, with an average loan size of $56K.
Do I need a business valuation for a First Security Bank-West SBA loan?
Yes, First Security Bank-West 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-West compare to other SBA lenders?
First Security Bank-West has originated 12 SBA loans totaling $673K 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 Security Bank-West lend in?
First Security Bank-West provides SBA 7(a) financing with particularly strong presence in ND. 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.