The First National Bank and Trust Company of Vinita
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by The First National Bank and Trust Company of Vinita · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 332811 | Metal Heat Treating | 1 | $350K | $350K | 12.5% |
| 423110 | Automobile and Other Motor Vehicle Merchant Wholesalers | 1 | $2.9M | $2.9M | 12.5% |
Geographic Distribution
SBA lending activity for The First National Bank and Trust Company of Vinita by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Oklahoma (OK) | 8 | $4.1M | 100.0% |
Why Choose The First National Bank and Trust Company of Vinita?
Based on SBA 7(a) lending track record from 1999-2015
- ✓Proven Track Record: 8 SBA loans approved, totaling $4.1M in financing
- ✓Industry Expertise: Specialized focus on Metal Heat Treating, Automobile and Other Motor Vehicle Merchant Wholesalers
- ✓Competitive Terms: Average interest rate of 5.00% with flexible term lengths averaging 100 months
- ✓Loan Range: Loan sizes from $20K to $2.9M, with an average of $509K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in 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 The First National Bank and Trust Company of Vinita SBA lending
What types of businesses does The First National Bank and Trust Company of Vinita typically finance?
The First National Bank and Trust Company of Vinita specializes in SBA 7(a) lending to specific industries including metal heat treating, automobile and other motor vehicle merchant wholesalers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The First National Bank and Trust Company of Vinita's typical SBA loan terms?
The First National Bank and Trust Company of Vinita's SBA 7(a) loans typically feature an average interest rate of 5.00% and average term length of 100 months (approximately 8 years). Loan sizes range from $20K to $2.9M, with an average loan size of $509K.
Do I need a business valuation for a The First National Bank and Trust Company of Vinita SBA loan?
Yes, The First National Bank and Trust Company of Vinita 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 The First National Bank and Trust Company of Vinita compare to other SBA lenders?
The First National Bank and Trust Company of Vinita has originated 8 SBA loans totaling $4.1M since 1999. 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 The First National Bank and Trust Company of Vinita lend in?
The First National Bank and Trust Company of Vinita provides SBA 7(a) financing with particularly strong presence in 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.
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