Gateway First Bank
SBA 7(a) Lending Profile · FY 2024 analysis
Industry Focus
Top industries served by Gateway First Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 445291 | Baked Goods Stores | 16 | $5.1M | $316K | 25.0% |
| 722513 | Limited-Service Restaurants | 8 | $2.2M | $270K | 12.5% |
| 339950 | Sign Manufacturing | 8 | $1.8M | $226K | 12.5% |
| 541430 | Graphic Design Services | 8 | $1.2M | $150K | 12.5% |
| 812112 | Beauty Salons | 8 | $480K | $60K | 12.5% |
| 561720 | Janitorial Services | 8 | $3.0M | $380K | 12.5% |
| 611511 | Cosmetology and Barber Schools | 8 | $7.2M | $900K | 12.5% |
Geographic Distribution
SBA lending activity for Gateway First Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Oklahoma (OK) | 56 | $17.9M | 87.5% |
| Colorado (CO) | 8 | $3.0M | 12.5% |
Why Choose Gateway First Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 64 SBA loans approved, totaling $20.9M in financing
- ✓Industry Expertise: Specialized focus on Baked Goods Stores, Limited-Service Restaurants, Sign Manufacturing
- ✓Competitive Terms: Average interest rate of 8.16% with flexible term lengths averaging 115 months
- ✓Loan Range: Loan sizes from $60K to $900K, with an average of $327K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in OK, CO
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 Gateway First Bank SBA lending
What types of businesses does Gateway First Bank typically finance?
Gateway First Bank specializes in SBA 7(a) lending to specific industries including baked goods stores, limited-service restaurants, sign manufacturing, graphic design services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Gateway First Bank's typical SBA loan terms?
Gateway First Bank's SBA 7(a) loans typically feature an average interest rate of 8.16% and average term length of 115 months (approximately 10 years). Loan sizes range from $60K to $900K, with an average loan size of $327K.
Do I need a business valuation for a Gateway First Bank SBA loan?
Yes, Gateway First 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 Gateway First Bank compare to other SBA lenders?
Gateway First Bank has originated 64 SBA loans totaling $20.9M 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 Gateway First Bank lend in?
Gateway First Bank provides SBA 7(a) financing with particularly strong presence in OK, CO. 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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