Security First Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Security First Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 11 | $959K | $87K | 6.6% |
| 722410 | Drinking Places (Alcoholic Beverages) | 8 | $904K | $113K | 4.8% |
| 811111 | General Automotive Repair | 5 | $458K | $92K | 3.0% |
| 423910 | Sporting and Recreational Goods and Supplies Merchant Wholesalers | 3 | $1.0M | $333K | 1.8% |
| 621210 | Offices of Dentists | 3 | $270K | $90K | 1.8% |
| 423120 | Motor Vehicle Supplies and New Parts Merchant Wholesalers | 3 | $222K | $74K | 1.8% |
| 484110 | General Freight Trucking, Local | 2 | $1.3M | $654K | 1.2% |
| 722511 | Full-Service Restaurants | 2 | $360K | $180K | 1.2% |
| 812199 | Other Personal Care Services | 2 | $66K | $33K | 1.2% |
| 624410 | Child Care Services | 2 | $165K | $83K | 1.2% |
Geographic Distribution
SBA lending activity for Security First Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Nebraska (NE) | 124 | $14.1M | 74.7% |
| South Dakota (SD) | 36 | $6.6M | 21.7% |
| Colorado (CO) | 5 | $844K | 3.0% |
| Wyoming (WY) | 1 | $98K | 0.6% |
Why Choose Security First Bank?
Based on SBA 7(a) lending track record from 1991-2023
- ✓Proven Track Record: 166 SBA loans approved, totaling $21.6M in financing
- ✓Industry Expertise: Specialized focus on Supermarkets and Other Grocery Retailers (except Convenience Retailers), Drinking Places (Alcoholic Beverages), General Automotive Repair
- ✓Competitive Terms: Average interest rate of 5.65% with flexible term lengths averaging 107 months
- ✓Loan Range: Loan sizes from $3K to $987K, with an average of $130K
- ✓Nationwide Reach: Active lending in 4 states, with strong presence in NE, SD, CO
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 Security First Bank SBA lending
What types of businesses does Security First Bank typically finance?
Security First Bank specializes in SBA 7(a) lending to specific industries including supermarkets and other grocery retailers (except convenience retailers), drinking places (alcoholic beverages), general automotive repair, sporting and recreational goods and supplies merchant wholesalers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Security First Bank's typical SBA loan terms?
Security First Bank's SBA 7(a) loans typically feature an average interest rate of 5.65% and average term length of 107 months (approximately 9 years). Loan sizes range from $3K to $987K, with an average loan size of $130K.
Do I need a business valuation for a Security First Bank SBA loan?
Yes, Security 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 Security First Bank compare to other SBA lenders?
Security First Bank has originated 166 SBA loans totaling $21.6M 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 Security First Bank lend in?
Security First Bank provides SBA 7(a) financing with particularly strong presence in NE, SD, CO, WY. 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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