Mountain 1st Bank & Trust Company
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Mountain 1st Bank & Trust Company · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 541940 | Veterinary Services | 2 | $2.3M | $1.2M | 100.0% |
Geographic Distribution
SBA lending activity for Mountain 1st Bank & Trust Company by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Georgia (GA) | 1 | $1.9M | 50.0% |
| New Jersey (NJ) | 1 | $430K | 50.0% |
Why Choose Mountain 1st Bank & Trust Company?
Based on SBA 7(a) lending track record from 2007-2007
- ✓Proven Track Record: 2 SBA loans approved, totaling $2.3M in financing
- ✓Industry Expertise: Specialized focus on Veterinary Services
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 204 months
- ✓Loan Range: Loan sizes from $430K to $1.9M, with an average of $1.2M
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in NJ, GA
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 Mountain 1st Bank & Trust Company SBA lending
What types of businesses does Mountain 1st Bank & Trust Company typically finance?
Mountain 1st Bank & Trust Company specializes in SBA 7(a) lending to specific industries including veterinary services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Mountain 1st Bank & Trust Company's typical SBA loan terms?
Mountain 1st Bank & Trust Company's SBA 7(a) loans typically feature an average interest rate of — and average term length of 204 months (approximately 17 years). Loan sizes range from $430K to $1.9M, with an average loan size of $1.2M.
Do I need a business valuation for a Mountain 1st Bank & Trust Company SBA loan?
Yes, Mountain 1st Bank & Trust Company 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 Mountain 1st Bank & Trust Company compare to other SBA lenders?
Mountain 1st Bank & Trust Company has originated 2 SBA loans totaling $2.3M since 2007. 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 Mountain 1st Bank & Trust Company lend in?
Mountain 1st Bank & Trust Company provides SBA 7(a) financing with particularly strong presence in NJ, GA. 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.
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