First Vision Bank of Tennessee
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First Vision Bank of Tennessee · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 621310 | Offices of Chiropractors | 4 | $486K | $121K | 15.4% |
| 722513 | Limited-Service Restaurants | 3 | $880K | $293K | 11.5% |
| 811192 | Car Washes | 2 | $520K | $260K | 7.7% |
| 812990 | All Other Personal Services | 1 | $25K | $25K | 3.8% |
| 722511 | Full-Service Restaurants | 1 | $1.1M | $1.1M | 3.8% |
| 541110 | Offices of Lawyers | 1 | $350K | $350K | 3.8% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 1 | $200K | $200K | 3.8% |
| 541940 | Veterinary Services | 1 | $215K | $215K | 3.8% |
| 623312 | Assisted Living Facilities for the Elderly | 1 | $486K | $486K | 3.8% |
| 811111 | General Automotive Repair | 1 | $145K | $145K | 3.8% |
Geographic Distribution
SBA lending activity for First Vision Bank of Tennessee by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Tennessee (TN) | 25 | $5.9M | 96.2% |
| California (CA) | 1 | $25K | 3.8% |
Why Choose First Vision Bank of Tennessee?
Based on SBA 7(a) lending track record from 2006-2023
- ✓Proven Track Record: 26 SBA loans approved, totaling $6.0M in financing
- ✓Industry Expertise: Specialized focus on Offices of Chiropractors, Limited-Service Restaurants, Car Washes
- ✓Competitive Terms: Average interest rate of 6.30% with flexible term lengths averaging 107 months
- ✓Loan Range: Loan sizes from $25K to $1.1M, with an average of $229K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in TN, CA
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 Vision Bank of Tennessee SBA lending
What types of businesses does First Vision Bank of Tennessee typically finance?
First Vision Bank of Tennessee specializes in SBA 7(a) lending to specific industries including offices of chiropractors, limited-service restaurants, car washes, all other personal services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First Vision Bank of Tennessee's typical SBA loan terms?
First Vision Bank of Tennessee's SBA 7(a) loans typically feature an average interest rate of 6.30% and average term length of 107 months (approximately 9 years). Loan sizes range from $25K to $1.1M, with an average loan size of $229K.
Do I need a business valuation for a First Vision Bank of Tennessee SBA loan?
Yes, First Vision Bank of Tennessee 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 Vision Bank of Tennessee compare to other SBA lenders?
First Vision Bank of Tennessee has originated 26 SBA loans totaling $6.0M since 2006. 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 Vision Bank of Tennessee lend in?
First Vision Bank of Tennessee provides SBA 7(a) financing with particularly strong presence in TN, CA. 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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