First State Bank of DeKalb County
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First State Bank of DeKalb County · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 112320 | Broilers and Other Meat Type Chicken Production | 2 | $420K | $210K | 11.8% |
| 811192 | Car Washes | 1 | $415K | $415K | 5.9% |
| 621340 | Offices of Physical, Occupational and Speech Therapists, and Audiologists | 1 | $120K | $120K | 5.9% |
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 1 | $899K | $899K | 5.9% |
| 621310 | Offices of Chiropractors | 1 | $57K | $57K | 5.9% |
| 621493 | Freestanding Ambulatory Surgical and Emergency Centers | 1 | $250K | $250K | 5.9% |
Geographic Distribution
SBA lending activity for First State Bank of DeKalb County by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Alabama (AL) | 17 | $3.6M | 100.0% |
Why Choose First State Bank of DeKalb County?
Based on SBA 7(a) lending track record from 1993-2014
- ✓Proven Track Record: 17 SBA loans approved, totaling $3.6M in financing
- ✓Industry Expertise: Specialized focus on Broilers and Other Meat Type Chicken Production, Car Washes, Offices of Physical, Occupational and Speech Therapists, and Audiologists
- ✓Competitive Terms: Average interest rate of 6.00% with flexible term lengths averaging 134 months
- ✓Loan Range: Loan sizes from $22K to $899K, with an average of $215K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in AL
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 DeKalb County SBA lending
What types of businesses does First State Bank of DeKalb County typically finance?
First State Bank of DeKalb County specializes in SBA 7(a) lending to specific industries including broilers and other meat type chicken production, car washes, offices of physical, occupational and speech therapists, and audiologists, 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 DeKalb County's typical SBA loan terms?
First State Bank of DeKalb County's SBA 7(a) loans typically feature an average interest rate of 6.00% and average term length of 134 months (approximately 11 years). Loan sizes range from $22K to $899K, with an average loan size of $215K.
Do I need a business valuation for a First State Bank of DeKalb County SBA loan?
Yes, First State Bank of DeKalb County 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 DeKalb County compare to other SBA lenders?
First State Bank of DeKalb County has originated 17 SBA loans totaling $3.6M since 1993. 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 DeKalb County lend in?
First State Bank of DeKalb County provides SBA 7(a) financing with particularly strong presence in AL. 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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