Planters First Bank
SBA 7(a) Lending Profile · FY 2022 analysis
Industry Focus
Top industries served by Planters First Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811111 | General Automotive Repair | 8 | $13.3M | $1.7M | 11.1% |
| 326122 | Plastics Pipe and Pipe Fitting Manufacturing | 8 | $13.9M | $1.7M | 11.1% |
| 423310 | Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers | 8 | $31.3M | $3.9M | 11.1% |
| 445291 | Baked Goods Stores | 8 | $3.4M | $420K | 11.1% |
| 533110 | Lessors of Nonfinancial Intangible Assets (except Copyrighted Works) | 8 | $37.3M | $4.7M | 11.1% |
| 541940 | Veterinary Services | 8 | $3.4M | $426K | 11.1% |
| 621210 | Offices of Dentists | 8 | $3.2M | $404K | 11.1% |
| 424820 | Wine and Distilled Alcoholic Beverage Merchant Wholesalers | 8 | $2.0M | $244K | 11.1% |
| 541990 | All Other Professional, Scientific, and Technical Services | 8 | $12.1M | $1.5M | 11.1% |
Geographic Distribution
SBA lending activity for Planters First Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Georgia (GA) | 72 | $119.8M | 100.0% |
Why Choose Planters First Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 72 SBA loans approved, totaling $119.8M in financing
- ✓Industry Expertise: Specialized focus on General Automotive Repair, Plastics Pipe and Pipe Fitting Manufacturing, Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers
- ✓Competitive Terms: Average interest rate of 5.67% with flexible term lengths averaging 133 months
- ✓Loan Range: Loan sizes from $244K to $4.7M, with an average of $1.7M
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in 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 Planters First Bank SBA lending
What types of businesses does Planters First Bank typically finance?
Planters First Bank specializes in SBA 7(a) lending to specific industries including general automotive repair, plastics pipe and pipe fitting manufacturing, lumber, plywood, millwork, and wood panel merchant wholesalers, baked goods stores. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Planters First Bank's typical SBA loan terms?
Planters First Bank's SBA 7(a) loans typically feature an average interest rate of 5.67% and average term length of 133 months (approximately 11 years). Loan sizes range from $244K to $4.7M, with an average loan size of $1.7M.
Do I need a business valuation for a Planters First Bank SBA loan?
Yes, Planters 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 Planters First Bank compare to other SBA lenders?
Planters First Bank has originated 72 SBA loans totaling $119.8M 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 Planters First Bank lend in?
Planters First Bank provides SBA 7(a) financing with particularly strong presence in 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.
Explore Industry Reports →Need a Business Valuation?
Professional valuations are often required for SBA loans over $250,000.
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