First Service Bank
SBA 7(a) Lending Profile · FY 2020 analysis
Industry Focus
Top industries served by First Service Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 112310 | Chicken Egg Production | 376 | $324.7M | $864K | 34.3% |
| 112320 | Broilers and Other Meat Type | 200 | $236.2M | $1.2M | 18.2% |
| 812112 | Beauty Salons | 32 | $955K | $30K | 2.9% |
| 238310 | Drywall and Insulation Contractors | 32 | $2.1M | $66K | 2.9% |
| 722330 | Mobile Food Services | 24 | $1.6M | $66K | 2.2% |
| 238210 | Electrical Contractors | 24 | $3.5M | $147K | 2.2% |
| 611620 | Sports and Recreation Instruction | 24 | $19.0M | $793K | 2.2% |
| 326140 | Polystyrene Foam Product Manufacturing | 16 | $12.0M | $750K | 1.5% |
| 332321 | Metal Window and Door Manufacturing | 16 | $15.3M | $955K | 1.5% |
| 722511 | Full-Service Restaurants | 16 | $880K | $55K | 1.5% |
Geographic Distribution
SBA lending activity for First Service Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Arkansas (AR) | 920 | $571.8M | 83.9% |
| Missouri (MO) | 80 | $115.5M | 7.3% |
| Texas (TX) | 40 | $49.4M | 3.6% |
| Iowa (IA) | 16 | $13.0M | 1.5% |
| South Dakota (SD) | 8 | $11.7M | 0.7% |
| Oklahoma (OK) | 8 | $11.0M | 0.7% |
| Tennessee (TN) | 16 | $4.1M | 1.5% |
| Indiana (IN) | 8 | $436K | 0.7% |
Why Choose First Service Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 1,096 SBA loans approved, totaling $776.9M in financing
- ✓Industry Expertise: Specialized focus on Chicken Egg Production, Broilers and Other Meat Type, Beauty Salons
- ✓Competitive Terms: Average interest rate of 7.93% with flexible term lengths averaging 158 months
- ✓Loan Range: Loan sizes from $6K to $5.0M, with an average of $709K
- ✓Nationwide Reach: Active lending in 8 states, with strong presence in AR, MO, TX
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 Service Bank SBA lending
What types of businesses does First Service Bank typically finance?
First Service Bank specializes in SBA 7(a) lending to specific industries including chicken egg production, broilers and other meat type, beauty salons, drywall and insulation contractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First Service Bank's typical SBA loan terms?
First Service Bank's SBA 7(a) loans typically feature an average interest rate of 7.93% and average term length of 158 months (approximately 13 years). Loan sizes range from $6K to $5.0M, with an average loan size of $709K.
Do I need a business valuation for a First Service Bank SBA loan?
Yes, First Service 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 Service Bank compare to other SBA lenders?
First Service Bank has originated 1,096 SBA loans totaling $776.9M 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 Service Bank lend in?
First Service Bank provides SBA 7(a) financing with particularly strong presence in AR, MO, TX, IA, TN. 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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