HNB First Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by HNB First Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 541330 | Engineering Services | 1 | $60K | $60K | 25.0% |
Geographic Distribution
SBA lending activity for HNB First Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Alabama (AL) | 4 | $4.5M | 100.0% |
Why Choose HNB First Bank?
Based on SBA 7(a) lending track record from 1992-2006
- ✓Proven Track Record: 4 SBA loans approved, totaling $4.5M in financing
- ✓Industry Expertise: Specialized focus on Engineering Services
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 156 months
- ✓Loan Range: Loan sizes from $60K to $2.0M, with an average of $1.1M
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in AL
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 HNB First Bank SBA lending
What types of businesses does HNB First Bank typically finance?
HNB First Bank specializes in SBA 7(a) lending to specific industries including engineering services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are HNB First Bank's typical SBA loan terms?
HNB First Bank's SBA 7(a) loans typically feature an average interest rate of — and average term length of 156 months (approximately 13 years). Loan sizes range from $60K to $2.0M, with an average loan size of $1.1M.
Do I need a business valuation for a HNB First Bank SBA loan?
Yes, HNB 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 HNB First Bank compare to other SBA lenders?
HNB First Bank has originated 4 SBA loans totaling $4.5M since 1992. 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 HNB First Bank lend in?
HNB First Bank provides SBA 7(a) financing with particularly strong presence in AL. 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.
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