Firstrust Savings Bank
SBA 7(a) Lending Profile · FY 2021 analysis
Industry Focus
Top industries served by Firstrust Savings Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 541940 | Veterinary Services | 224 | $461.1M | $2.1M | 9.9% |
| 722513 | Limited-Service Restaurants | 88 | $56.2M | $639K | 3.9% |
| 541990 | All Other Professional, Scientific, and Technical Services | 80 | $58.4M | $730K | 3.5% |
| 445320 | Other | 80 | $86.9M | $1.1M | 3.5% |
| 624410 | Child Day Care Services | 72 | $133.4M | $1.9M | 3.2% |
| 238990 | All Other Specialty Trade Contractors | 64 | $64.0M | $1000K | 2.8% |
| 445310 | Beer, Wine, and Liquor Stores | 56 | $63.0M | $1.1M | 2.5% |
| 524210 | Insurance Agencies and Brokerages | 56 | $48.4M | $864K | 2.5% |
| 325412 | Pharmaceutical Preparation Manufacturing | 48 | $47.3M | $986K | 2.1% |
| 812112 | Beauty Salons | 48 | $19.4M | $403K | 2.1% |
Geographic Distribution
SBA lending activity for Firstrust Savings Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Pennsylvania (PA) | 1,032 | $1.02B | 45.7% |
| New Jersey (NJ) | 568 | $740.6M | 25.2% |
| New York (NY) | 128 | $224.9M | 5.7% |
| Maryland (MD) | 224 | $187.2M | 9.9% |
| Delaware (DE) | 24 | $67.8M | 1.1% |
| Washington (WA) | 16 | $64.5M | 0.7% |
| New Mexico (NM) | 24 | $48.9M | 1.1% |
| Florida (FL) | 24 | $45.2M | 1.1% |
| District of Columbia (DC) | 24 | $42.7M | 1.1% |
| Virginia (VA) | 32 | $38.6M | 1.4% |
| Tennessee (TN) | 8 | $38.4M | 0.4% |
| Massachusetts (MA) | 40 | $33.2M | 1.8% |
| Illinois (IL) | 16 | $32.9M | 0.7% |
| Arizona (AZ) | 8 | $19.6M | 0.4% |
| Minnesota (MN) | 8 | $19.0M | 0.4% |
| Indiana (IN) | 16 | $13.5M | 0.7% |
| Connecticut (CT) | 8 | $12.7M | 0.4% |
| New Hampshire (NH) | 8 | $12.1M | 0.4% |
| Missouri (MO) | 16 | $10.4M | 0.7% |
| Ohio (OH) | 8 | $10.0M | 0.4% |
| Kentucky (KY) | 8 | $7.6M | 0.4% |
| California (CA) | 8 | $6.7M | 0.4% |
| Texas (TX) | 8 | $3.6M | 0.4% |
Why Choose Firstrust Savings Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 2,256 SBA loans approved, totaling $2.70B in financing
- ✓Industry Expertise: Specialized focus on Veterinary Services, Limited-Service Restaurants, All Other Professional, Scientific, and Technical Services
- ✓Competitive Terms: Average interest rate of 7.73% with flexible term lengths averaging 178 months
- ✓Loan Range: Loan sizes from $50K to $5.0M, with an average of $1.2M
- ✓Nationwide Reach: Active lending in 23 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, all other professional, scientific, and technical services, other. 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 7.73% and average term length of 178 months (approximately 15 years). Loan sizes range from $50K to $5.0M, with an average loan size of $1.2M.
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 2,256 SBA loans totaling $2.70B 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 Firstrust Savings Bank lend in?
Firstrust Savings Bank provides SBA 7(a) financing with particularly strong presence in PA, NJ, MD, NY, MA. 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?
Professional valuations are often required for SBA loans over $250,000.
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