The First National Bank of Izard County
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by The First National Bank of Izard County · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 337122 | Nonupholstered Wood Household Furniture Manufacturing | 1 | $765K | $765K | 50.0% |
Geographic Distribution
SBA lending activity for The First National Bank of Izard County by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Arkansas (AR) | 2 | $969K | 100.0% |
Why Choose The First National Bank of Izard County?
Based on SBA 7(a) lending track record from 1998-2008
- ✓Proven Track Record: 2 SBA loans approved, totaling $969K in financing
- ✓Industry Expertise: Specialized focus on Nonupholstered Wood Household Furniture Manufacturing
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 150 months
- ✓Loan Range: Loan sizes from $204K to $765K, with an average of $485K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in AR
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 Izard County SBA lending
What types of businesses does The First National Bank of Izard County typically finance?
The First National Bank of Izard County specializes in SBA 7(a) lending to specific industries including nonupholstered wood household furniture manufacturing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The First National Bank of Izard County's typical SBA loan terms?
The First National Bank of Izard County's SBA 7(a) loans typically feature an average interest rate of — and average term length of 150 months (approximately 13 years). Loan sizes range from $204K to $765K, with an average loan size of $485K.
Do I need a business valuation for a The First National Bank of Izard County SBA loan?
Yes, The First National Bank of Izard County 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 Izard County compare to other SBA lenders?
The First National Bank of Izard County has originated 2 SBA loans totaling $969K since 1998. 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 Izard County lend in?
The First National Bank of Izard County provides SBA 7(a) financing with particularly strong presence in AR. 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.
Get your certified valuation from Fair Market Value.