First State Bank of Forsyth
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First State Bank of Forsyth · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 332999 | All Other Miscellaneous Fabricated Metal Product Manufacturing | 1 | $79K | $79K | 5.3% |
| 339920 | Sporting and Athletic Goods Manufacturing | 1 | $87K | $87K | 5.3% |
| 213111 | Drilling Oil and Gas Wells | 1 | $162K | $162K | 5.3% |
| 621210 | Offices of Dentists | 1 | $345K | $345K | 5.3% |
| 713950 | Bowling Centers | 1 | $322K | $322K | 5.3% |
| 238910 | Site Preparation Contractors | 1 | $75K | $75K | 5.3% |
| 424930 | Flower, Nursery Stock, and Florists' Supplies Merchant Wholesalers | 1 | $226K | $226K | 5.3% |
| 485210 | Interurban and Rural Bus Transportation | 1 | $480K | $480K | 5.3% |
| 621320 | Offices of Optometrists | 1 | $61K | $61K | 5.3% |
Geographic Distribution
SBA lending activity for First State Bank of Forsyth by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Montana (MT) | 17 | $2.8M | 89.5% |
| Wyoming (WY) | 2 | $980K | 10.5% |
Why Choose First State Bank of Forsyth?
Based on SBA 7(a) lending track record from 1991-2024
- ✓Proven Track Record: 19 SBA loans approved, totaling $3.8M in financing
- ✓Industry Expertise: Specialized focus on All Other Miscellaneous Fabricated Metal Product Manufacturing, Sporting and Athletic Goods Manufacturing, Drilling Oil and Gas Wells
- ✓Competitive Terms: Average interest rate of 6.46% with flexible term lengths averaging 147 months
- ✓Loan Range: Loan sizes from $32K to $500K, with an average of $200K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in MT, WY
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 Forsyth SBA lending
What types of businesses does First State Bank of Forsyth typically finance?
First State Bank of Forsyth specializes in SBA 7(a) lending to specific industries including all other miscellaneous fabricated metal product manufacturing, sporting and athletic goods manufacturing, drilling oil and gas wells, offices of dentists. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First State Bank of Forsyth's typical SBA loan terms?
First State Bank of Forsyth's SBA 7(a) loans typically feature an average interest rate of 6.46% and average term length of 147 months (approximately 12 years). Loan sizes range from $32K to $500K, with an average loan size of $200K.
Do I need a business valuation for a First State Bank of Forsyth SBA loan?
Yes, First State Bank of Forsyth 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 Forsyth compare to other SBA lenders?
First State Bank of Forsyth has originated 19 SBA loans totaling $3.8M 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 of Forsyth lend in?
First State Bank of Forsyth provides SBA 7(a) financing with particularly strong presence in MT, WY. 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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