First Western SBLC, Inc
SBA 7(a) Lending Profile · FY 2020 analysis
Industry Focus
Top industries served by First Western SBLC, Inc · FY 2020
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 721110 | Hotels (except Casino Hotels) and Motels | 25 | $44.9M | $1.8M | 100.0% |
Geographic Distribution
SBA lending activity for First Western SBLC, Inc by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Ohio (OH) | 3 | $7.1M | 12.0% |
| Michigan (MI) | 2 | $5.0M | 8.0% |
| West Virginia (WV) | 2 | $4.6M | 8.0% |
| Texas (TX) | 1 | $4.1M | 4.0% |
| North Carolina (NC) | 2 | $3.1M | 8.0% |
| Montana (MT) | 2 | $3.0M | 8.0% |
| Kentucky (KY) | 2 | $2.4M | 8.0% |
| New Mexico (NM) | 1 | $2.3M | 4.0% |
| Tennessee (TN) | 1 | $2.1M | 4.0% |
| Indiana (IN) | 1 | $2.1M | 4.0% |
| Iowa (IA) | 2 | $1.8M | 8.0% |
| Colorado (CO) | 1 | $1.6M | 4.0% |
| Georgia (GA) | 1 | $1.5M | 4.0% |
| Oklahoma (OK) | 1 | $1.3M | 4.0% |
| Virginia (VA) | 1 | $1.1M | 4.0% |
| Illinois (IL) | 1 | $966K | 4.0% |
| Oregon (OR) | 1 | $930K | 4.0% |
Why Choose First Western SBLC, Inc?
Based on SBA 7(a) lending track record in FY 2020
- ✓Proven Track Record: 25 SBA loans approved, totaling $44.9M in financing
- ✓Industry Expertise: Specialized focus on Hotels (except Casino Hotels) and Motels
- ✓Competitive Terms: Average interest rate of 5.98% with flexible term lengths averaging 293 months
- ✓Loan Range: Loan sizes from $515K to $4.4M, with an average of $1.8M
- ✓Nationwide Reach: Active lending in 17 states, with strong presence in OH, IA, WV
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 Western SBLC, Inc SBA lending
What types of businesses does First Western SBLC, Inc typically finance?
First Western SBLC, Inc specializes in SBA 7(a) lending to specific industries including hotels (except casino hotels) and motels. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First Western SBLC, Inc's typical SBA loan terms?
First Western SBLC, Inc's SBA 7(a) loans typically feature an average interest rate of 5.98% and average term length of 293 months (approximately 24 years). Loan sizes range from $515K to $4.4M, with an average loan size of $1.8M.
Do I need a business valuation for a First Western SBLC, Inc SBA loan?
Yes, First Western SBLC, Inc 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 Western SBLC, Inc compare to other SBA lenders?
First Western SBLC, Inc has originated 25 SBA loans totaling $44.9M in FY 2020. 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 Western SBLC, Inc lend in?
First Western SBLC, Inc provides SBA 7(a) financing with particularly strong presence in OH, IA, WV, KY, MI. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
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