First Trust & Savings Bank of Albany, Illinois
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First Trust & Savings Bank of Albany, Illinois · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 621310 | Offices of Chiropractors | 1 | $145K | $145K | 100.0% |
Geographic Distribution
SBA lending activity for First Trust & Savings Bank of Albany, Illinois by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Iowa (IA) | 1 | $145K | 100.0% |
Why Choose First Trust & Savings Bank of Albany, Illinois?
Based on SBA 7(a) lending track record from 2010-2010
- ✓Proven Track Record: 1 SBA loans approved, totaling $145K in financing
- ✓Industry Expertise: Specialized focus on Offices of Chiropractors
- ✓Competitive Terms: Average interest rate of 6.00% with flexible term lengths averaging 84 months
- ✓Loan Range: Loan sizes from $145K to $145K, with an average of $145K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in IA
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 & Savings Bank of Albany, Illinois SBA lending
What types of businesses does First Trust & Savings Bank of Albany, Illinois typically finance?
First Trust & Savings Bank of Albany, Illinois specializes in SBA 7(a) lending to specific industries including offices of chiropractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First Trust & Savings Bank of Albany, Illinois's typical SBA loan terms?
First Trust & Savings Bank of Albany, Illinois's SBA 7(a) loans typically feature an average interest rate of 6.00% and average term length of 84 months (approximately 7 years). Loan sizes range from $145K to $145K, with an average loan size of $145K.
Do I need a business valuation for a First Trust & Savings Bank of Albany, Illinois SBA loan?
Yes, First Trust & Savings Bank of Albany, 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 & Savings Bank of Albany, Illinois compare to other SBA lenders?
First Trust & Savings Bank of Albany, Illinois has originated 1 SBA loans totaling $145K since 2010. 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 & Savings Bank of Albany, Illinois lend in?
First Trust & Savings Bank of Albany, Illinois provides SBA 7(a) financing with particularly strong presence in IA. 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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