Firstrust Savings Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Firstrust Savings Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 541940 | Veterinary Services | 113 | $159.0M | $1.4M | 16.9% |
| 722513 | Limited-Service Restaurants | 21 | $13.9M | $663K | 3.1% |
| 624410 | Child Care Services | 21 | $29.6M | $1.4M | 3.1% |
| 812112 | Beauty Salons | 19 | $6.3M | $334K | 2.8% |
| 541990 | All Other Professional, Scientific, and Technical Services | 12 | $7.9M | $661K | 1.8% |
| 524210 | Insurance Agencies and Brokerages | 11 | $8.4M | $763K | 1.6% |
| 621210 | Offices of Dentists | 10 | $6.7M | $667K | 1.5% |
| 812199 | Other Personal Care Services | 10 | $4.5M | $450K | 1.5% |
| 445320 | Beer, Wine, and Liquor Retailers | 10 | $10.9M | $1.1M | 1.5% |
| 713940 | Fitness and Recreational Sports Centers | 10 | $8.1M | $805K | 1.5% |
Geographic Distribution
SBA lending activity for Firstrust Savings Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Pennsylvania (PA) | 345 | $232.1M | 51.6% |
| New Jersey (NJ) | 124 | $128.6M | 18.5% |
| New York (NY) | 27 | $34.6M | 4.0% |
| Maryland (MD) | 37 | $31.7M | 5.5% |
| Florida (FL) | 13 | $16.6M | 1.9% |
| Texas (TX) | 10 | $15.5M | 1.5% |
| Virginia (VA) | 16 | $15.1M | 2.4% |
| Delaware (DE) | 9 | $12.3M | 1.3% |
| Indiana (IN) | 7 | $11.1M | 1.0% |
| New Mexico (NM) | 7 | $10.3M | 1.0% |
| South Carolina (SC) | 6 | $9.3M | 0.9% |
| Washington (WA) | 2 | $8.1M | 0.3% |
| Tennessee (TN) | 4 | $7.4M | 0.6% |
| Colorado (CO) | 5 | $7.4M | 0.7% |
| Connecticut (CT) | 8 | $6.8M | 1.2% |
| District of Columbia (DC) | 6 | $6.2M | 0.9% |
| Illinois (IL) | 3 | $6.0M | 0.4% |
| Massachusetts (MA) | 7 | $5.4M | 1.0% |
| Louisiana (LA) | 1 | $5.0M | 0.1% |
| New Hampshire (NH) | 2 | $4.5M | 0.3% |
| Ohio (OH) | 5 | $4.3M | 0.7% |
| Arizona (AZ) | 2 | $3.0M | 0.3% |
| Maine (ME) | 2 | $2.6M | 0.3% |
| Minnesota (MN) | 2 | $2.5M | 0.3% |
| California (CA) | 4 | $2.5M | 0.6% |
| West Virginia (WV) | 2 | $2.2M | 0.3% |
| North Carolina (NC) | 1 | $2.2M | 0.1% |
| Missouri (MO) | 3 | $1.9M | 0.4% |
| Utah (UT) | 1 | $1.3M | 0.1% |
| Kentucky (KY) | 1 | $950K | 0.1% |
| Wisconsin (WI) | 2 | $920K | 0.3% |
| Vermont (VT) | 1 | $528K | 0.1% |
| Alabama (AL) | 1 | $423K | 0.1% |
| Oregon (OR) | 1 | $310K | 0.1% |
| Mississippi (MS) | 1 | $273K | 0.1% |
| Georgia (GA) | 1 | $236K | 0.1% |
Why Choose Firstrust Savings Bank?
Based on SBA 7(a) lending track record from 1998-2025
- ✓Proven Track Record: 669 SBA loans approved, totaling $600.0M in financing
- ✓Industry Expertise: Specialized focus on Veterinary Services, Limited-Service Restaurants, Child Care Services
- ✓Competitive Terms: Average interest rate of 6.71% with flexible term lengths averaging 169 months
- ✓Loan Range: Loan sizes from $10K to $5.0M, with an average of $897K
- ✓Nationwide Reach: Active lending in 36 states, with strong presence in PA, NJ, MD
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 Firstrust Savings Bank SBA lending
What types of businesses does Firstrust Savings Bank typically finance?
Firstrust Savings Bank specializes in SBA 7(a) lending to specific industries including veterinary services, limited-service restaurants, child care services, beauty salons. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Firstrust Savings Bank's typical SBA loan terms?
Firstrust Savings Bank's SBA 7(a) loans typically feature an average interest rate of 6.71% and average term length of 169 months (approximately 14 years). Loan sizes range from $10K to $5.0M, with an average loan size of $897K.
Do I need a business valuation for a Firstrust Savings Bank SBA loan?
Yes, Firstrust Savings 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 Firstrust Savings Bank compare to other SBA lenders?
Firstrust Savings Bank has originated 669 SBA loans totaling $600.0M since 1998. 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 Firstrust Savings Bank lend in?
Firstrust Savings Bank provides SBA 7(a) financing with particularly strong presence in PA, NJ, MD, NY, VA. 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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