First Westroads Bank, Inc
SBA 7(a) Lending Profile · FY 2020 analysis
Industry Focus
Top industries served by First Westroads Bank, Inc
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 337110 | Wood Kitchen Cabinet and Countertop Manufacturing | 24 | $29.2M | $1.2M | 33.3% |
| 722513 | Limited-Service Restaurants | 8 | $3.2M | $405K | 11.1% |
| 812112 | Beauty Salons | 8 | $2.0M | $245K | 11.1% |
| 238990 | All Other Specialty Trade Contractors | 8 | $1.2M | $150K | 11.1% |
| 541511 | Custom Computer Programming Services | 8 | $2.8M | $350K | 11.1% |
| 238330 | Flooring Contractors | 8 | $864K | $108K | 11.1% |
| 541940 | Veterinary Services | 8 | $1.7M | $210K | 11.1% |
Geographic Distribution
SBA lending activity for First Westroads Bank, Inc by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Nebraska (NE) | 72 | $40.9M | 100.0% |
Why Choose First Westroads Bank, Inc?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 72 SBA loans approved, totaling $40.9M in financing
- ✓Industry Expertise: Specialized focus on Wood Kitchen Cabinet and Countertop Manufacturing, Limited-Service Restaurants, Beauty Salons
- ✓Competitive Terms: Average interest rate of 5.56% with flexible term lengths averaging 69 months
- ✓Loan Range: Loan sizes from $108K to $3.1M, with an average of $569K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in NE
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 Westroads Bank, Inc SBA lending
What types of businesses does First Westroads Bank, Inc typically finance?
First Westroads Bank, Inc specializes in SBA 7(a) lending to specific industries including wood kitchen cabinet and countertop manufacturing, limited-service restaurants, beauty salons, all other specialty trade contractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First Westroads Bank, Inc's typical SBA loan terms?
First Westroads Bank, Inc's SBA 7(a) loans typically feature an average interest rate of 5.56% and average term length of 69 months (approximately 6 years). Loan sizes range from $108K to $3.1M, with an average loan size of $569K.
Do I need a business valuation for a First Westroads Bank, Inc SBA loan?
Yes, First Westroads Bank, 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 Westroads Bank, Inc compare to other SBA lenders?
First Westroads Bank, Inc has originated 72 SBA loans totaling $40.9M since 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 Westroads Bank, Inc lend in?
First Westroads Bank, Inc provides SBA 7(a) financing with particularly strong presence in NE. 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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