First Trust Bank of Illinois
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First Trust Bank of Illinois · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 323113 | Commercial Screen Printing | 1 | $800K | $800K | 16.7% |
Geographic Distribution
SBA lending activity for First Trust Bank of Illinois by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Illinois (IL) | 6 | $3.2M | 100.0% |
Why Choose First Trust Bank of Illinois?
Based on SBA 7(a) lending track record from 1999-2010
- ✓Proven Track Record: 6 SBA loans approved, totaling $3.2M in financing
- ✓Industry Expertise: Specialized focus on Commercial Screen Printing
- ✓Competitive Terms: Average interest rate of 6.75% with flexible term lengths averaging 154 months
- ✓Loan Range: Loan sizes from $150K to $875K, with an average of $526K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in IL
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 Trust Bank of Illinois SBA lending
What types of businesses does First Trust Bank of Illinois typically finance?
First Trust Bank of Illinois specializes in SBA 7(a) lending to specific industries including commercial screen printing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First Trust Bank of Illinois's typical SBA loan terms?
First Trust Bank of Illinois's SBA 7(a) loans typically feature an average interest rate of 6.75% and average term length of 154 months (approximately 13 years). Loan sizes range from $150K to $875K, with an average loan size of $526K.
Do I need a business valuation for a First Trust Bank of Illinois SBA loan?
Yes, First Trust Bank of Illinois 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 Trust Bank of Illinois compare to other SBA lenders?
First Trust Bank of Illinois has originated 6 SBA loans totaling $3.2M since 1999. 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 Trust Bank of Illinois lend in?
First Trust Bank of Illinois provides SBA 7(a) financing with particularly strong presence in IL. 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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Certified valuations are often required for SBA loans over $250,000.
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