The First National Bank of Fort Smith
SBA 7(a) Lending Profile · FY 2020 analysis
Industry Focus
Top industries served by The First National Bank of Fort Smith
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 311811 | Retail Bakeries | 16 | $584K | $37K | 9.1% |
| 456110 | Other | 16 | $5.7M | $357K | 9.1% |
| 711510 | Independent Artists, Writers, and Performers | 16 | $2.0M | $128K | 9.1% |
| 812199 | Other Personal Care Services | 16 | $240K | $15K | 9.1% |
| 561621 | Security Systems Services (except Locksmiths) | 16 | $1.6M | $100K | 9.1% |
| 453998 | All Other Miscellaneous Store Retailers (except Tobacco Stores) | 8 | $4.0M | $495K | 4.5% |
| 441210 | Recreational Vehicle Dealers | 8 | $3.2M | $400K | 4.5% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 8 | $1.1M | $137K | 4.5% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 8 | $240K | $30K | 4.5% |
| 458110 | Other | 8 | $160K | $20K | 4.5% |
Geographic Distribution
SBA lending activity for The First National Bank of Fort Smith by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Arkansas (AR) | 152 | $35.8M | 86.4% |
| Oklahoma (OK) | 24 | $6.7M | 13.6% |
Why Choose The First National Bank of Fort Smith?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 176 SBA loans approved, totaling $42.5M in financing
- ✓Industry Expertise: Specialized focus on Retail Bakeries, Other, Independent Artists, Writers, and Performers
- ✓Competitive Terms: Average interest rate of 7.58% with flexible term lengths averaging 79 months
- ✓Loan Range: Loan sizes from $10K to $1.5M, with an average of $241K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in AR, OK
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 Fort Smith SBA lending
What types of businesses does The First National Bank of Fort Smith typically finance?
The First National Bank of Fort Smith specializes in SBA 7(a) lending to specific industries including retail bakeries, other, independent artists, writers, and performers, other personal care services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The First National Bank of Fort Smith's typical SBA loan terms?
The First National Bank of Fort Smith's SBA 7(a) loans typically feature an average interest rate of 7.58% and average term length of 79 months (approximately 7 years). Loan sizes range from $10K to $1.5M, with an average loan size of $241K.
Do I need a business valuation for a The First National Bank of Fort Smith SBA loan?
Yes, The First National Bank of Fort Smith 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 Fort Smith compare to other SBA lenders?
The First National Bank of Fort Smith has originated 176 SBA loans totaling $42.5M 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 Fort Smith lend in?
The First National Bank of Fort Smith provides SBA 7(a) financing with particularly strong presence in AR, OK. 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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