Forcht Bank, National Association
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Forcht Bank, National Association · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 3 | $706K | $235K | 2.4% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 2 | $250K | $125K | 1.6% |
| 811192 | Car Washes | 2 | $275K | $138K | 1.6% |
| 722513 | Limited-Service Restaurants | 2 | $361K | $181K | 1.6% |
| 812112 | Beauty Salons | 2 | $170K | $85K | 1.6% |
| 561730 | Landscaping Services | 2 | $82K | $41K | 1.6% |
| 423130 | Tire and Tube Merchant Wholesalers | 2 | $460K | $230K | 1.6% |
| 621210 | Offices of Dentists | 2 | $660K | $330K | 1.6% |
| 325998 | All Other Miscellaneous Chemical Product and Preparation Manufacturing | 2 | $135K | $68K | 1.6% |
| 713940 | Fitness and Recreational Sports Centers | 2 | $499K | $250K | 1.6% |
Geographic Distribution
SBA lending activity for Forcht Bank, National Association by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Kentucky (KY) | 115 | $18.3M | 91.3% |
| Ohio (OH) | 7 | $975K | 5.6% |
| Tennessee (TN) | 4 | $548K | 3.2% |
Why Choose Forcht Bank, National Association?
Based on SBA 7(a) lending track record from 1991-2024
- ✓Proven Track Record: 126 SBA loans approved, totaling $19.9M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Offices of Physicians (except Mental Health Specialists), Car Washes
- ✓Competitive Terms: Average interest rate of 5.77% with flexible term lengths averaging 101 months
- ✓Loan Range: Loan sizes from $10K to $800K, with an average of $158K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in KY, OH, TN
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 Forcht Bank, National Association SBA lending
What types of businesses does Forcht Bank, National Association typically finance?
Forcht Bank, National Association specializes in SBA 7(a) lending to specific industries including full-service restaurants, offices of physicians (except mental health specialists), car washes, limited-service restaurants. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Forcht Bank, National Association's typical SBA loan terms?
Forcht Bank, National Association's SBA 7(a) loans typically feature an average interest rate of 5.77% and average term length of 101 months (approximately 8 years). Loan sizes range from $10K to $800K, with an average loan size of $158K.
Do I need a business valuation for a Forcht Bank, National Association SBA loan?
Yes, Forcht Bank, National Association 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 Forcht Bank, National Association compare to other SBA lenders?
Forcht Bank, National Association has originated 126 SBA loans totaling $19.9M since 1991. 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 Forcht Bank, National Association lend in?
Forcht Bank, National Association provides SBA 7(a) financing with particularly strong presence in KY, OH, TN. 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?
Certified valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.