The First National Bank of Eagle Lake
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by The First National Bank of Eagle Lake · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 624410 | Child Care Services | 2 | $245K | $123K | 14.3% |
| 115112 | Soil Preparation, Planting, and Cultivating | 1 | $119K | $119K | 7.1% |
Geographic Distribution
SBA lending activity for The First National Bank of Eagle Lake by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Texas (TX) | 14 | $3.0M | 100.0% |
Why Choose The First National Bank of Eagle Lake?
Based on SBA 7(a) lending track record from 1991-2011
- ✓Proven Track Record: 14 SBA loans approved, totaling $3.0M in financing
- ✓Industry Expertise: Specialized focus on Child Care Services, Soil Preparation, Planting, and Cultivating
- ✓Competitive Terms: Average interest rate of 5.50% with flexible term lengths averaging 107 months
- ✓Loan Range: Loan sizes from $50K to $560K, with an average of $214K
- ✓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 Eagle Lake SBA lending
What types of businesses does The First National Bank of Eagle Lake typically finance?
The First National Bank of Eagle Lake specializes in SBA 7(a) lending to specific industries including child care services, soil preparation, planting, and cultivating. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The First National Bank of Eagle Lake's typical SBA loan terms?
The First National Bank of Eagle Lake's SBA 7(a) loans typically feature an average interest rate of 5.50% and average term length of 107 months (approximately 9 years). Loan sizes range from $50K to $560K, with an average loan size of $214K.
Do I need a business valuation for a The First National Bank of Eagle Lake SBA loan?
Yes, The First National Bank of Eagle Lake 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 Eagle Lake compare to other SBA lenders?
The First National Bank of Eagle Lake has originated 14 SBA loans totaling $3.0M 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 Eagle Lake lend in?
The First National Bank of Eagle Lake 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.
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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