First State Bank of Blakely
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First State Bank of Blakely · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 1 | $265K | $265K | 25.0% |
Geographic Distribution
SBA lending activity for First State Bank of Blakely by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Georgia (GA) | 4 | $881K | 100.0% |
Why Choose First State Bank of Blakely?
Based on SBA 7(a) lending track record from 1996-2009
- ✓Proven Track Record: 4 SBA loans approved, totaling $881K in financing
- ✓Industry Expertise: Specialized focus on Supermarkets and Other Grocery Retailers (except Convenience Retailers)
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 93 months
- ✓Loan Range: Loan sizes from $35K to $508K, with an average of $220K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in GA
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 of Blakely SBA lending
What types of businesses does First State Bank of Blakely typically finance?
First State Bank of Blakely specializes in SBA 7(a) lending to specific industries including supermarkets and other grocery retailers (except convenience retailers). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First State Bank of Blakely's typical SBA loan terms?
First State Bank of Blakely's SBA 7(a) loans typically feature an average interest rate of — and average term length of 93 months (approximately 8 years). Loan sizes range from $35K to $508K, with an average loan size of $220K.
Do I need a business valuation for a First State Bank of Blakely SBA loan?
Yes, First State Bank of Blakely 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 of Blakely compare to other SBA lenders?
First State Bank of Blakely has originated 4 SBA loans totaling $881K since 1996. 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 of Blakely lend in?
First State Bank of Blakely provides SBA 7(a) financing with particularly strong presence in GA. 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.
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