Forcht Bank, National Association
SBA 7(a) Lending Profile · FY 2021 analysis
Industry Focus
Top industries served by Forcht Bank, National Association
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 24 | $5.6M | $235K | 20.0% |
| 722513 | Limited-Service Restaurants | 16 | $2.9M | $181K | 13.3% |
| 453998 | All Other Miscellaneous Store Retailers (except Tobacco Stores) | 16 | $2.4M | $149K | 13.3% |
| 621310 | Offices of Chiropractors | 8 | $200K | $25K | 6.7% |
| 531210 | Offices of Real Estate Agents and Brokers | 8 | $120K | $15K | 6.7% |
| 451110 | Sporting Goods Stores | 8 | $1.6M | $200K | 6.7% |
| 236115 | New Single-Family Housing Construction (except Operative Builders) | 8 | $1.3M | $163K | 6.7% |
| 713990 | All Other Amusement and Recreation Industries | 8 | $700K | $88K | 6.7% |
| 621330 | Offices of Mental Health Practitioners (except Physicians) | 8 | $1.3M | $161K | 6.7% |
| 713940 | Fitness and Recreational Sports Centers | 8 | $3.2M | $399K | 6.7% |
Geographic Distribution
SBA lending activity for Forcht Bank, National Association by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Kentucky (KY) | 112 | $18.2M | 93.3% |
| Tennessee (TN) | 8 | $2.3M | 6.7% |
Why Choose Forcht Bank, National Association?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 120 SBA loans approved, totaling $20.5M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Limited-Service Restaurants, All Other Miscellaneous Store Retailers (except Tobacco Stores)
- ✓Competitive Terms: Average interest rate of 5.72% with flexible term lengths averaging 78 months
- ✓Loan Range: Loan sizes from $15K to $399K, with an average of $171K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in KY, 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, limited-service restaurants, all other miscellaneous store retailers (except tobacco stores), offices of chiropractors. 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 5.72% and average term length of 78 months (approximately 7 years). Loan sizes range from $15K to $399K, with an average loan size of $171K.
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 120 SBA loans totaling $20.5M 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 Forcht Bank, National Association lend in?
Forcht Bank, National Association provides SBA 7(a) financing with particularly strong presence in KY, 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?
Professional valuations are often required for SBA loans over $250,000.
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