The First National Bank of Absecon
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by The First National Bank of Absecon
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811111 | General Automotive Repair | 8 | $3.5M | $434K | 14.3% |
| 713940 | Fitness and Recreational Sports Centers | 8 | $2.4M | $300K | 14.3% |
| 621112 | Offices of Physicians, Mental Health Specialists | 8 | $6.1M | $766K | 14.3% |
| 722513 | Limited-Service Restaurants | 8 | $7.5M | $936K | 14.3% |
| 445320 | Other | 8 | $14.9M | $1.9M | 14.3% |
| 425120 | Wholesale Trade Agents and Brokers | 8 | $2.8M | $350K | 14.3% |
| 445110 | Supermarkets and Other Grocery (except Convenience) Stores | 8 | $6.2M | $777K | 14.3% |
Geographic Distribution
SBA lending activity for The First National Bank of Absecon by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New Jersey (NJ) | 48 | $37.2M | 85.7% |
| Pennsylvania (PA) | 8 | $6.2M | 14.3% |
Why Choose The First National Bank of Absecon?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 56 SBA loans approved, totaling $43.4M in financing
- ✓Industry Expertise: Specialized focus on General Automotive Repair, Fitness and Recreational Sports Centers, Offices of Physicians, Mental Health Specialists
- ✓Competitive Terms: Average interest rate of 8.57% with flexible term lengths averaging 198 months
- ✓Loan Range: Loan sizes from $300K to $1.9M, with an average of $775K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in NJ, PA
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 of Absecon SBA lending
What types of businesses does The First National Bank of Absecon typically finance?
The First National Bank of Absecon specializes in SBA 7(a) lending to specific industries including general automotive repair, fitness and recreational sports centers, offices of physicians, mental health specialists, limited-service restaurants. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The First National Bank of Absecon's typical SBA loan terms?
The First National Bank of Absecon's SBA 7(a) loans typically feature an average interest rate of 8.57% and average term length of 198 months (approximately 17 years). Loan sizes range from $300K to $1.9M, with an average loan size of $775K.
Do I need a business valuation for a The First National Bank of Absecon SBA loan?
Yes, The First National Bank of Absecon 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 of Absecon compare to other SBA lenders?
The First National Bank of Absecon has originated 56 SBA loans totaling $43.4M 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 The First National Bank of Absecon lend in?
The First National Bank of Absecon provides SBA 7(a) financing with particularly strong presence in NJ, PA. 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.
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Professional valuations are often required for SBA loans over $250,000.
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