Idaho First Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Idaho First Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812199 | Other Personal Care Services | 40 | $5.4M | $135K | 13.9% |
| 621310 | Offices of Chiropractors | 32 | $4.7M | $146K | 11.1% |
| 423910 | Sporting and Recreational Goods and Supplies Merchant Wholesalers | 24 | $36.2M | $1.5M | 8.3% |
| 722410 | Drinking Places (Alcoholic Beverages) | 24 | $4.6M | $191K | 8.3% |
| 531120 | Lessors of Nonresidential Buildings (except Miniwarehouses) | 16 | $10.2M | $635K | 5.6% |
| 812990 | All Other Personal Services | 16 | $504K | $32K | 5.6% |
| 238210 | Electrical Contractors | 16 | $1.8M | $110K | 5.6% |
| 713940 | Fitness and Recreational Sports Centers | 16 | $5.8M | $360K | 5.6% |
| 532284 | Other | 16 | $7.6M | $473K | 5.6% |
| 454110 | Electronic Shopping and Mail-Order Houses | 8 | $8.0M | $1.0M | 2.8% |
Geographic Distribution
SBA lending activity for Idaho First Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Idaho (ID) | 264 | $118.8M | 91.7% |
| Nevada (NV) | 8 | $18.8M | 2.8% |
| Oregon (OR) | 8 | $1.8M | 2.8% |
| Colorado (CO) | 8 | $800K | 2.8% |
Why Choose Idaho First Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 288 SBA loans approved, totaling $140.2M in financing
- ✓Industry Expertise: Specialized focus on Other Personal Care Services, Offices of Chiropractors, Sporting and Recreational Goods and Supplies Merchant Wholesalers
- ✓Competitive Terms: Average interest rate of 6.76% with flexible term lengths averaging 137 months
- ✓Loan Range: Loan sizes from $20K to $3.1M, with an average of $487K
- ✓Nationwide Reach: Active lending in 4 states, with strong presence in ID, OR, NV
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 Idaho First Bank SBA lending
What types of businesses does Idaho First Bank typically finance?
Idaho First Bank specializes in SBA 7(a) lending to specific industries including other personal care services, offices of chiropractors, sporting and recreational goods and supplies merchant wholesalers, drinking places (alcoholic beverages). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Idaho First Bank's typical SBA loan terms?
Idaho First Bank's SBA 7(a) loans typically feature an average interest rate of 6.76% and average term length of 137 months (approximately 11 years). Loan sizes range from $20K to $3.1M, with an average loan size of $487K.
Do I need a business valuation for a Idaho First Bank SBA loan?
Yes, Idaho 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 Idaho First Bank compare to other SBA lenders?
Idaho First Bank has originated 288 SBA loans totaling $140.2M 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 Idaho First Bank lend in?
Idaho First Bank provides SBA 7(a) financing with particularly strong presence in ID, OR, NV, 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.
Get your certified valuation from Fair Market Value.