First US Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First US Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 321113 | Sawmills | 6 | $8.1M | $1.3M | 15.8% |
| 423120 | Motor Vehicle Supplies and New Parts Merchant Wholesalers | 4 | $6.8M | $1.7M | 10.5% |
| 624410 | Child Care Services | 2 | $160K | $80K | 5.3% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 2 | $2.1M | $1.1M | 5.3% |
| 811111 | General Automotive Repair | 2 | $2.0M | $1.0M | 5.3% |
| 721110 | Hotels (except Casino Hotels) and Motels | 1 | $5.0M | $5.0M | 2.6% |
| 441110 | New Car Dealers | 1 | $780K | $780K | 2.6% |
| 532490 | Other Commercial and Industrial Machinery and Equipment Rental and Leasing | 1 | $800K | $800K | 2.6% |
| 562111 | Solid Waste Collection | 1 | $180K | $180K | 2.6% |
| 621330 | Offices of Mental Health Practitioners (except Physicians) | 1 | $300K | $300K | 2.6% |
Geographic Distribution
SBA lending activity for First US Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Tennessee (TN) | 16 | $21.3M | 42.1% |
| Alabama (AL) | 20 | $18.1M | 52.6% |
| Georgia (GA) | 2 | $2.6M | 5.3% |
Why Choose First US Bank?
Based on SBA 7(a) lending track record from 1994-2025
- ✓Proven Track Record: 38 SBA loans approved, totaling $42.0M in financing
- ✓Industry Expertise: Specialized focus on Sawmills, Motor Vehicle Supplies and New Parts Merchant Wholesalers, Child Care Services
- ✓Competitive Terms: Average interest rate of 5.66% with flexible term lengths averaging 126 months
- ✓Loan Range: Loan sizes from $28K to $5.0M, with an average of $1.1M
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in AL, TN, GA
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 US Bank SBA lending
What types of businesses does First US Bank typically finance?
First US Bank specializes in SBA 7(a) lending to specific industries including sawmills, motor vehicle supplies and new parts merchant wholesalers, child care services, plumbing, heating, and air-conditioning contractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First US Bank's typical SBA loan terms?
First US Bank's SBA 7(a) loans typically feature an average interest rate of 5.66% and average term length of 126 months (approximately 11 years). Loan sizes range from $28K to $5.0M, with an average loan size of $1.1M.
Do I need a business valuation for a First US Bank SBA loan?
Yes, First US 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 US Bank compare to other SBA lenders?
First US Bank has originated 38 SBA loans totaling $42.0M since 1994. 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 US Bank lend in?
First US Bank provides SBA 7(a) financing with particularly strong presence in AL, TN, GA. 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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