First State Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First State Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 112320 | Broilers and Other Meat Type Chicken Production | 31 | $10.9M | $350K | 3.9% |
| 722511 | Full-Service Restaurants | 24 | $9.4M | $390K | 3.0% |
| 722513 | Limited-Service Restaurants | 17 | $4.7M | $274K | 2.2% |
| 624410 | Child Care Services | 16 | $3.1M | $194K | 2.0% |
| 721110 | Hotels (except Casino Hotels) and Motels | 13 | $24.0M | $1.8M | 1.7% |
| 811111 | General Automotive Repair | 12 | $2.0M | $163K | 1.5% |
| 621310 | Offices of Chiropractors | 10 | $930K | $93K | 1.3% |
| 332999 | All Other Miscellaneous Fabricated Metal Product Manufacturing | 10 | $6.9M | $693K | 1.3% |
| 484110 | General Freight Trucking, Local | 8 | $1.9M | $241K | 1.0% |
| 238990 | All Other Specialty Trade Contractors | 8 | $6.1M | $764K | 1.0% |
Geographic Distribution
SBA lending activity for First State Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Texas (TX) | 199 | $100.1M | 25.3% |
| Michigan (MI) | 121 | $56.0M | 15.4% |
| Mississippi (MS) | 57 | $26.9M | 7.2% |
| Oklahoma (OK) | 45 | $23.9M | 5.7% |
| Iowa (IA) | 95 | $22.9M | 12.1% |
| Wisconsin (WI) | 71 | $22.8M | 9.0% |
| Arkansas (AR) | 59 | $19.6M | 7.5% |
| North Dakota (ND) | 57 | $15.8M | 7.2% |
| California (CA) | 2 | $7.0M | 0.3% |
| Florida (FL) | 18 | $5.3M | 2.3% |
| Illinois (IL) | 7 | $5.2M | 0.9% |
| Kansas (KS) | 1 | $4.9M | 0.1% |
| Nebraska (NE) | 19 | $2.4M | 2.4% |
| Ohio (OH) | 9 | $1.8M | 1.1% |
| Kentucky (KY) | 12 | $1.2M | 1.5% |
| Alabama (AL) | 4 | $1.1M | 0.5% |
| South Dakota (SD) | 1 | $468K | 0.1% |
| New Mexico (NM) | 1 | $450K | 0.1% |
| Missouri (MO) | 2 | $425K | 0.3% |
| Oregon (OR) | 1 | $419K | 0.1% |
| New York (NY) | 2 | $325K | 0.3% |
| West Virginia (WV) | 2 | $104K | 0.3% |
| Georgia (GA) | 1 | $80K | 0.1% |
| Connecticut (CT) | 1 | $30K | 0.1% |
Why Choose First State Bank?
Based on SBA 7(a) lending track record from 1991-2025
- ✓Proven Track Record: 787 SBA loans approved, totaling $319.1M in financing
- ✓Industry Expertise: Specialized focus on Broilers and Other Meat Type Chicken Production, Full-Service Restaurants, Limited-Service Restaurants
- ✓Competitive Terms: Average interest rate of 6.34% with flexible term lengths averaging 126 months
- ✓Loan Range: Loan sizes from $281 to $5.0M, with an average of $405K
- ✓Nationwide Reach: Active lending in 24 states, with strong presence in TX, MI, IA
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 State Bank SBA lending
What types of businesses does First State Bank typically finance?
First State Bank specializes in SBA 7(a) lending to specific industries including broilers and other meat type chicken production, full-service restaurants, limited-service restaurants, child care services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First State Bank's typical SBA loan terms?
First State Bank's SBA 7(a) loans typically feature an average interest rate of 6.34% and average term length of 126 months (approximately 11 years). Loan sizes range from $281 to $5.0M, with an average loan size of $405K.
Do I need a business valuation for a First State Bank SBA loan?
Yes, First State 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 State Bank compare to other SBA lenders?
First State Bank has originated 787 SBA loans totaling $319.1M 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 State Bank lend in?
First State Bank provides SBA 7(a) financing with particularly strong presence in TX, MI, IA, WI, AR. 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.
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