The First National Bank of Aspermont
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by The First National Bank of Aspermont · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 311119 | Other Animal Food Manufacturing | 1 | $1.5M | $1.5M | 10.0% |
| 213112 | Support Activities for Oil and Gas Operations | 1 | $40K | $40K | 10.0% |
| 457110 | Gasoline Stations with Convenience Stores | 1 | $670K | $670K | 10.0% |
Geographic Distribution
SBA lending activity for The First National Bank of Aspermont by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Texas (TX) | 10 | $4.0M | 100.0% |
Why Choose The First National Bank of Aspermont?
Based on SBA 7(a) lending track record from 1991-2024
- ✓Proven Track Record: 10 SBA loans approved, totaling $4.0M in financing
- ✓Industry Expertise: Specialized focus on Other Animal Food Manufacturing, Support Activities for Oil and Gas Operations, Gasoline Stations with Convenience Stores
- ✓Competitive Terms: Average interest rate of 7.13% with flexible term lengths averaging 97 months
- ✓Loan Range: Loan sizes from $20K to $1.5M, with an average of $401K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in TX
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 Aspermont SBA lending
What types of businesses does The First National Bank of Aspermont typically finance?
The First National Bank of Aspermont specializes in SBA 7(a) lending to specific industries including other animal food manufacturing, support activities for oil and gas operations, gasoline stations with convenience stores. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The First National Bank of Aspermont's typical SBA loan terms?
The First National Bank of Aspermont's SBA 7(a) loans typically feature an average interest rate of 7.13% and average term length of 97 months (approximately 8 years). Loan sizes range from $20K to $1.5M, with an average loan size of $401K.
Do I need a business valuation for a The First National Bank of Aspermont SBA loan?
Yes, The First National Bank of Aspermont 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 Aspermont compare to other SBA lenders?
The First National Bank of Aspermont has originated 10 SBA loans totaling $4.0M 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 The First National Bank of Aspermont lend in?
The First National Bank of Aspermont provides SBA 7(a) financing with particularly strong presence in TX. 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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Certified valuations are often required for SBA loans over $250,000.
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