First State Community Bank
SBA 7(a) Lending Profile · FY 2022 analysis
Industry Focus
Top industries served by First State Community Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 16 | $13.4M | $835K | 13.3% |
| 621310 | Offices of Chiropractors | 16 | $2.3M | $146K | 13.3% |
| 312120 | Breweries | 8 | $2.6M | $320K | 6.7% |
| 446110 | Pharmacies and Drug Stores | 8 | $17.4M | $2.2M | 6.7% |
| 238130 | Framing Contractors | 8 | $1.4M | $177K | 6.7% |
| 722513 | Limited-Service Restaurants | 8 | $2.9M | $365K | 6.7% |
| 238160 | Roofing Contractors | 8 | $3.7M | $465K | 6.7% |
| 445320 | Other | 8 | $2.4M | $302K | 6.7% |
| 524210 | Insurance Agencies and Brokerages | 8 | $5.1M | $634K | 6.7% |
| 812210 | Funeral Homes and Funeral Services | 8 | $5.3M | $662K | 6.7% |
Geographic Distribution
SBA lending activity for First State Community Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Missouri (MO) | 120 | $62.0M | 100.0% |
Why Choose First State Community Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 120 SBA loans approved, totaling $62.0M in financing
- ✓Industry Expertise: Specialized focus on Plumbing, Heating, and Air-Conditioning Contractors, Offices of Chiropractors, Breweries
- ✓Competitive Terms: Average interest rate of 7.08% with flexible term lengths averaging 131 months
- ✓Loan Range: Loan sizes from $138K to $2.2M, with an average of $517K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MO
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 Community Bank SBA lending
What types of businesses does First State Community Bank typically finance?
First State Community Bank specializes in SBA 7(a) lending to specific industries including plumbing, heating, and air-conditioning contractors, offices of chiropractors, breweries, pharmacies and drug stores. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First State Community Bank's typical SBA loan terms?
First State Community Bank's SBA 7(a) loans typically feature an average interest rate of 7.08% and average term length of 131 months (approximately 11 years). Loan sizes range from $138K to $2.2M, with an average loan size of $517K.
Do I need a business valuation for a First State Community Bank SBA loan?
Yes, First State Community 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 Community Bank compare to other SBA lenders?
First State Community Bank has originated 120 SBA loans totaling $62.0M 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 State Community Bank lend in?
First State Community Bank provides SBA 7(a) financing with particularly strong presence in MO. 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.
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Professional valuations are often required for SBA loans over $250,000.
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