Simmons First Bank of Hot Springs
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Simmons First Bank of Hot Springs · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 713940 | Fitness and Recreational Sports Centers | 1 | $52K | $52K | 50.0% |
Geographic Distribution
SBA lending activity for Simmons First Bank of Hot Springs by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Arkansas (AR) | 2 | $187K | 100.0% |
Why Choose Simmons First Bank of Hot Springs?
Based on SBA 7(a) lending track record from 2003-2003
- ✓Proven Track Record: 2 SBA loans approved, totaling $187K in financing
- ✓Industry Expertise: Specialized focus on Fitness and Recreational Sports Centers
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 77 months
- ✓Loan Range: Loan sizes from $52K to $135K, with an average of $94K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in AR
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 Simmons First Bank of Hot Springs SBA lending
What types of businesses does Simmons First Bank of Hot Springs typically finance?
Simmons First Bank of Hot Springs specializes in SBA 7(a) lending to specific industries including fitness and recreational sports centers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Simmons First Bank of Hot Springs's typical SBA loan terms?
Simmons First Bank of Hot Springs's SBA 7(a) loans typically feature an average interest rate of — and average term length of 77 months (approximately 6 years). Loan sizes range from $52K to $135K, with an average loan size of $94K.
Do I need a business valuation for a Simmons First Bank of Hot Springs SBA loan?
Yes, Simmons First Bank of Hot Springs 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 Simmons First Bank of Hot Springs compare to other SBA lenders?
Simmons First Bank of Hot Springs has originated 2 SBA loans totaling $187K since 2003. 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 Simmons First Bank of Hot Springs lend in?
Simmons First Bank of Hot Springs provides SBA 7(a) financing with particularly strong presence in AR. 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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