First Southwest Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First Southwest Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 484110 | General Freight Trucking, Local | 112 | $9.7M | $86K | 9.9% |
| 484121 | General Freight Trucking, Long Distance, Truckload | 56 | $5.6M | $99K | 4.9% |
| 531130 | Lessors of Miniwarehouses and Self-Storage Units | 40 | $35.5M | $888K | 3.5% |
| 321918 | Other Millwork (including Flooring) | 32 | $3.6M | $113K | 2.8% |
| 236115 | New Single-Family Housing Construction (except Operative Builders) | 32 | $15.9M | $496K | 2.8% |
| 722330 | Mobile Food Services | 24 | $3.2M | $133K | 2.1% |
| 213112 | Support Activities for Oil and Gas Operations | 24 | $5.1M | $213K | 2.1% |
| 811111 | General Automotive Repair | 24 | $11.1M | $464K | 2.1% |
| 424490 | Other Grocery and Related Products Merchant Wholesalers | 24 | $7.5M | $313K | 2.1% |
| 713940 | Fitness and Recreational Sports Centers | 24 | $9.6M | $402K | 2.1% |
Geographic Distribution
SBA lending activity for First Southwest Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Colorado (CO) | 1,032 | $335.3M | 90.8% |
| New Mexico (NM) | 88 | $13.8M | 7.7% |
| Kansas (KS) | 8 | $3.2M | 0.7% |
| California (CA) | 8 | $800K | 0.7% |
Why Choose First Southwest Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 1,136 SBA loans approved, totaling $353.2M in financing
- ✓Industry Expertise: Specialized focus on General Freight Trucking, Local, General Freight Trucking, Long Distance, Truckload, Lessors of Miniwarehouses and Self-Storage Units
- ✓Competitive Terms: Average interest rate of 5.52% with flexible term lengths averaging 111 months
- ✓Loan Range: Loan sizes from $12K to $5.0M, with an average of $311K
- ✓Nationwide Reach: Active lending in 4 states, with strong presence in CO, NM, CA
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 Southwest Bank SBA lending
What types of businesses does First Southwest Bank typically finance?
First Southwest Bank specializes in SBA 7(a) lending to specific industries including general freight trucking, local, general freight trucking, long distance, truckload, lessors of miniwarehouses and self-storage units, other millwork (including flooring). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First Southwest Bank's typical SBA loan terms?
First Southwest Bank's SBA 7(a) loans typically feature an average interest rate of 5.52% and average term length of 111 months (approximately 9 years). Loan sizes range from $12K to $5.0M, with an average loan size of $311K.
Do I need a business valuation for a First Southwest Bank SBA loan?
Yes, First Southwest 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 Southwest Bank compare to other SBA lenders?
First Southwest Bank has originated 1,136 SBA loans totaling $353.2M 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 Southwest Bank lend in?
First Southwest Bank provides SBA 7(a) financing with particularly strong presence in CO, NM, CA, KS. 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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