First Texoma National Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First Texoma National Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 423820 | Farm and Garden Machinery and Equipment Merchant Wholesalers | 2 | $83K | $42K | 6.7% |
| 311119 | Other Animal Food Manufacturing | 2 | $470K | $235K | 6.7% |
| 713950 | Bowling Centers | 1 | $232K | $232K | 3.3% |
| 541110 | Offices of Lawyers | 1 | $40K | $40K | 3.3% |
| 713940 | Fitness and Recreational Sports Centers | 1 | $245K | $245K | 3.3% |
| 713110 | Amusement and Theme Parks | 1 | $145K | $145K | 3.3% |
| 713910 | Golf Courses and Country Clubs | 1 | $200K | $200K | 3.3% |
| 621310 | Offices of Chiropractors | 1 | $56K | $56K | 3.3% |
| 441210 | Recreational Vehicle Dealers | 1 | $96K | $96K | 3.3% |
| 811111 | General Automotive Repair | 1 | $150K | $150K | 3.3% |
Geographic Distribution
SBA lending activity for First Texoma National Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Oklahoma (OK) | 20 | $2.2M | 66.7% |
| Texas (TX) | 10 | $1.2M | 33.3% |
Why Choose First Texoma National Bank?
Based on SBA 7(a) lending track record from 1992-2008
- ✓Proven Track Record: 30 SBA loans approved, totaling $3.4M in financing
- ✓Industry Expertise: Specialized focus on Farm and Garden Machinery and Equipment Merchant Wholesalers, Other Animal Food Manufacturing, Bowling Centers
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 95 months
- ✓Loan Range: Loan sizes from $25K to $250K, with an average of $113K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in OK, TX
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 Texoma National Bank SBA lending
What types of businesses does First Texoma National Bank typically finance?
First Texoma National Bank specializes in SBA 7(a) lending to specific industries including farm and garden machinery and equipment merchant wholesalers, other animal food manufacturing, bowling centers, offices of lawyers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First Texoma National Bank's typical SBA loan terms?
First Texoma National Bank's SBA 7(a) loans typically feature an average interest rate of — and average term length of 95 months (approximately 8 years). Loan sizes range from $25K to $250K, with an average loan size of $113K.
Do I need a business valuation for a First Texoma National Bank SBA loan?
Yes, First Texoma National 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 Texoma National Bank compare to other SBA lenders?
First Texoma National Bank has originated 30 SBA loans totaling $3.4M since 1992. 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 Texoma National Bank lend in?
First Texoma National Bank provides SBA 7(a) financing with particularly strong presence in OK, TX. 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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