The First National Bank in Amboy
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by The First National Bank in Amboy · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 425120 | Wholesale Trade Agents and Brokers | 1 | $600K | $600K | 11.1% |
| 334210 | Telephone Apparatus Manufacturing | 1 | $1.6M | $1.6M | 11.1% |
| 713940 | Fitness and Recreational Sports Centers | 1 | $210K | $210K | 11.1% |
| 238910 | Site Preparation Contractors | 1 | $1.0M | $1.0M | 11.1% |
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 1 | $350K | $350K | 11.1% |
Geographic Distribution
SBA lending activity for The First National Bank in Amboy by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Illinois (IL) | 8 | $3.5M | 88.9% |
| Iowa (IA) | 1 | $600K | 11.1% |
Why Choose The First National Bank in Amboy?
Based on SBA 7(a) lending track record from 1995-2012
- ✓Proven Track Record: 9 SBA loans approved, totaling $4.1M in financing
- ✓Industry Expertise: Specialized focus on Wholesale Trade Agents and Brokers, Telephone Apparatus Manufacturing, Fitness and Recreational Sports Centers
- ✓Competitive Terms: Average interest rate of 6.17% with flexible term lengths averaging 142 months
- ✓Loan Range: Loan sizes from $9K to $1.6M, with an average of $451K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in IL, IA
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 in Amboy SBA lending
What types of businesses does The First National Bank in Amboy typically finance?
The First National Bank in Amboy specializes in SBA 7(a) lending to specific industries including wholesale trade agents and brokers, telephone apparatus manufacturing, fitness and recreational sports centers, site preparation contractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The First National Bank in Amboy's typical SBA loan terms?
The First National Bank in Amboy's SBA 7(a) loans typically feature an average interest rate of 6.17% and average term length of 142 months (approximately 12 years). Loan sizes range from $9K to $1.6M, with an average loan size of $451K.
Do I need a business valuation for a The First National Bank in Amboy SBA loan?
Yes, The First National Bank in Amboy 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 in Amboy compare to other SBA lenders?
The First National Bank in Amboy has originated 9 SBA loans totaling $4.1M since 1995. 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 in Amboy lend in?
The First National Bank in Amboy provides SBA 7(a) financing with particularly strong presence in IL, IA. 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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