Panhandle First Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Panhandle First Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 213112 | Support Activities for Oil and Gas Operations | 3 | $324K | $108K | 5.8% |
| 811192 | Car Washes | 1 | $135K | $135K | 1.9% |
| 339920 | Sporting and Athletic Goods Manufacturing | 1 | $550K | $550K | 1.9% |
| 812320 | Drycleaning and Laundry Services (except Coin-Operated) | 1 | $110K | $110K | 1.9% |
| 541921 | Photography Studios, Portrait | 1 | $100K | $100K | 1.9% |
| 524210 | Insurance Agencies and Brokerages | 1 | $1.2M | $1.2M | 1.9% |
| 561410 | Document Preparation Services | 1 | $23K | $23K | 1.9% |
| 811111 | General Automotive Repair | 1 | $40K | $40K | 1.9% |
| 811121 | Automotive Body, Paint, and Interior Repair and Maintenance | 1 | $120K | $120K | 1.9% |
| 311812 | Commercial Bakeries | 1 | $65K | $65K | 1.9% |
Geographic Distribution
SBA lending activity for Panhandle First Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Oklahoma (OK) | 21 | $4.4M | 40.4% |
| Texas (TX) | 31 | $3.1M | 59.6% |
Why Choose Panhandle First Bank?
Based on SBA 7(a) lending track record from 1991-2023
- ✓Proven Track Record: 52 SBA loans approved, totaling $7.5M in financing
- ✓Industry Expertise: Specialized focus on Support Activities for Oil and Gas Operations, Car Washes, Sporting and Athletic Goods Manufacturing
- ✓Competitive Terms: Average interest rate of 8.50% with flexible term lengths averaging 109 months
- ✓Loan Range: Loan sizes from $10K to $1.2M, with an average of $144K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in TX, OK
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 Panhandle First Bank SBA lending
What types of businesses does Panhandle First Bank typically finance?
Panhandle First Bank specializes in SBA 7(a) lending to specific industries including support activities for oil and gas operations, car washes, sporting and athletic goods manufacturing, drycleaning and laundry services (except coin-operated). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Panhandle First Bank's typical SBA loan terms?
Panhandle First Bank's SBA 7(a) loans typically feature an average interest rate of 8.50% and average term length of 109 months (approximately 9 years). Loan sizes range from $10K to $1.2M, with an average loan size of $144K.
Do I need a business valuation for a Panhandle First Bank SBA loan?
Yes, Panhandle 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 Panhandle First Bank compare to other SBA lenders?
Panhandle First Bank has originated 52 SBA loans totaling $7.5M since 1991. 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 Panhandle First Bank lend in?
Panhandle First Bank provides SBA 7(a) financing with particularly strong presence in TX, OK. 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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