The First National Bank of McGregor d/b/a TFNB Your Bank for Life
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by The First National Bank of McGregor d/b/a TFNB Your Bank for Life · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 17 | $10.0M | $590K | 8.5% |
| 722513 | Limited-Service Restaurants | 10 | $4.9M | $490K | 5.0% |
| 484110 | General Freight Trucking, Local | 9 | $507K | $56K | 4.5% |
| 713940 | Fitness and Recreational Sports Centers | 9 | $1.6M | $174K | 4.5% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 6 | $2.4M | $392K | 3.0% |
| 541990 | All Other Professional, Scientific, and Technical Services | 5 | $2.2M | $433K | 2.5% |
| 812199 | Other Personal Care Services | 4 | $804K | $201K | 2.0% |
| 327215 | Glass Product Manufacturing Made of Purchased Glass | 4 | $1.0M | $259K | 2.0% |
| 812990 | All Other Personal Services | 4 | $263K | $66K | 2.0% |
| 812910 | Pet Care (except Veterinary) Services | 4 | $2.8M | $703K | 2.0% |
Geographic Distribution
SBA lending activity for The First National Bank of McGregor d/b/a TFNB Your Bank for Life by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Texas (TX) | 195 | $81.2M | 97.5% |
| Oklahoma (OK) | 1 | $3.9M | 0.5% |
| Montana (MT) | 1 | $2.1M | 0.5% |
| New Mexico (NM) | 1 | $202K | 0.5% |
| Oregon (OR) | 1 | $76K | 0.5% |
| Pennsylvania (PA) | 1 | $62K | 0.5% |
Why Choose The First National Bank of McGregor d/b/a TFNB Your Bank for Life?
Based on SBA 7(a) lending track record from 1993-2025
- ✓Proven Track Record: 200 SBA loans approved, totaling $87.6M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Limited-Service Restaurants, General Freight Trucking, Local
- ✓Competitive Terms: Average interest rate of 7.29% with flexible term lengths averaging 120 months
- ✓Loan Range: Loan sizes from $8K to $5.0M, with an average of $438K
- ✓Nationwide Reach: Active lending in 6 states, with strong presence in TX, PA, OR
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 McGregor d/b/a TFNB Your Bank for Life SBA lending
What types of businesses does The First National Bank of McGregor d/b/a TFNB Your Bank for Life typically finance?
The First National Bank of McGregor d/b/a TFNB Your Bank for Life specializes in SBA 7(a) lending to specific industries including full-service restaurants, limited-service restaurants, general freight trucking, local, fitness and recreational sports centers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The First National Bank of McGregor d/b/a TFNB Your Bank for Life's typical SBA loan terms?
The First National Bank of McGregor d/b/a TFNB Your Bank for Life's SBA 7(a) loans typically feature an average interest rate of 7.29% and average term length of 120 months (approximately 10 years). Loan sizes range from $8K to $5.0M, with an average loan size of $438K.
Do I need a business valuation for a The First National Bank of McGregor d/b/a TFNB Your Bank for Life SBA loan?
Yes, The First National Bank of McGregor d/b/a TFNB Your Bank for Life 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 McGregor d/b/a TFNB Your Bank for Life compare to other SBA lenders?
The First National Bank of McGregor d/b/a TFNB Your Bank for Life has originated 200 SBA loans totaling $87.6M since 1993. 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 McGregor d/b/a TFNB Your Bank for Life lend in?
The First National Bank of McGregor d/b/a TFNB Your Bank for Life provides SBA 7(a) financing with particularly strong presence in TX, PA, OR, MT, NM. 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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