The First National Bank of Canon City
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by The First National Bank of Canon City · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 561740 | Carpet and Upholstery Cleaning Services | 1 | $26K | $26K | 6.3% |
| 441110 | New Car Dealers | 1 | $200K | $200K | 6.3% |
| 339920 | Sporting and Athletic Goods Manufacturing | 1 | $68K | $68K | 6.3% |
| 621210 | Offices of Dentists | 1 | $41K | $41K | 6.3% |
| 541921 | Photography Studios, Portrait | 1 | $21K | $21K | 6.3% |
| 115210 | Support Activities for Animal Production | 1 | $97K | $97K | 6.3% |
Geographic Distribution
SBA lending activity for The First National Bank of Canon City by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Colorado (CO) | 16 | $1.2M | 100.0% |
Why Choose The First National Bank of Canon City?
Based on SBA 7(a) lending track record from 1991-2003
- ✓Proven Track Record: 16 SBA loans approved, totaling $1.2M in financing
- ✓Industry Expertise: Specialized focus on Carpet and Upholstery Cleaning Services, New Car Dealers, Sporting and Athletic Goods Manufacturing
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 92 months
- ✓Loan Range: Loan sizes from $21K to $200K, with an average of $76K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in CO
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 Canon City SBA lending
What types of businesses does The First National Bank of Canon City typically finance?
The First National Bank of Canon City specializes in SBA 7(a) lending to specific industries including carpet and upholstery cleaning services, new car dealers, sporting and athletic goods manufacturing, offices of dentists. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The First National Bank of Canon City's typical SBA loan terms?
The First National Bank of Canon City's SBA 7(a) loans typically feature an average interest rate of — and average term length of 92 months (approximately 8 years). Loan sizes range from $21K to $200K, with an average loan size of $76K.
Do I need a business valuation for a The First National Bank of Canon City SBA loan?
Yes, The First National Bank of Canon City 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 Canon City compare to other SBA lenders?
The First National Bank of Canon City has originated 16 SBA loans totaling $1.2M 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 Canon City lend in?
The First National Bank of Canon City provides SBA 7(a) financing with particularly strong presence in CO. 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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