FWBank
SBA 7(a) Lending Profile · FY 2024 analysis
Industry Focus
Top industries served by FWBank · FY 2024
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 7 | $12.2M | $1.7M | 15.9% |
| 722513 | Limited-Service Restaurants | 6 | $4.0M | $667K | 13.6% |
| 611620 | Sports and Recreation Instruction | 4 | $8.7M | $2.2M | 9.1% |
| 713940 | Fitness and Recreational Sports Centers | 3 | $1.4M | $460K | 6.8% |
| 221310 | Water Supply and Irrigation Systems | 2 | $3.1M | $1.6M | 4.5% |
| 713990 | All Other Amusement and Recreation Industries | 2 | $6.0M | $3.0M | 4.5% |
| 812111 | Barber Shops | 1 | $301K | $301K | 2.3% |
| 621610 | Home Health Care Services | 1 | $1.8M | $1.8M | 2.3% |
| 492110 | Couriers and Express Delivery Services | 1 | $991K | $991K | 2.3% |
| 711310 | Promoters of Performing Arts, Sports, and Similar Events with Facilities | 1 | $1.7M | $1.7M | 2.3% |
Geographic Distribution
SBA lending activity for FWBank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Illinois (IL) | 10 | $13.6M | 22.7% |
| Texas (TX) | 9 | $11.5M | 20.5% |
| Indiana (IN) | 4 | $9.0M | 9.1% |
| Georgia (GA) | 2 | $4.7M | 4.5% |
| Florida (FL) | 3 | $3.9M | 6.8% |
| North Carolina (NC) | 2 | $2.9M | 4.5% |
| Delaware (DE) | 1 | $2.5M | 2.3% |
| New Jersey (NJ) | 1 | $2.2M | 2.3% |
| Iowa (IA) | 2 | $1.5M | 4.5% |
| Missouri (MO) | 2 | $1.1M | 4.5% |
| Michigan (MI) | 1 | $992K | 2.3% |
| California (CA) | 2 | $878K | 4.5% |
| Arizona (AZ) | 2 | $828K | 4.5% |
| Oregon (OR) | 1 | $720K | 2.3% |
| Alabama (AL) | 1 | $610K | 2.3% |
| Idaho (ID) | 1 | $571K | 2.3% |
Why Choose FWBank?
Based on SBA 7(a) lending track record in FY 2024
- ✓Proven Track Record: 44 SBA loans approved, totaling $57.6M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Limited-Service Restaurants, Sports and Recreation Instruction
- ✓Competitive Terms: Average interest rate of 10.41% with flexible term lengths averaging 165 months
- ✓Loan Range: Loan sizes from $203K to $5.0M, with an average of $1.3M
- ✓Nationwide Reach: Active lending in 16 states, with strong presence in IL, TX, IN
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 FWBank SBA lending
What types of businesses does FWBank typically finance?
FWBank specializes in SBA 7(a) lending to specific industries including full-service restaurants, limited-service restaurants, sports and recreation instruction, fitness and recreational sports centers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are FWBank's typical SBA loan terms?
FWBank's SBA 7(a) loans typically feature an average interest rate of 10.41% and average term length of 165 months (approximately 14 years). Loan sizes range from $203K to $5.0M, with an average loan size of $1.3M.
Do I need a business valuation for a FWBank SBA loan?
Yes, FWBank 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 FWBank compare to other SBA lenders?
FWBank has originated 44 SBA loans totaling $57.6M in FY 2024. 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 FWBank lend in?
FWBank provides SBA 7(a) financing with particularly strong presence in IL, TX, IN, FL, IA. 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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