The First National Bank of Primghar
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by The First National Bank of Primghar · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811310 | Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance | 1 | $158K | $158K | 100.0% |
Geographic Distribution
SBA lending activity for The First National Bank of Primghar by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Iowa (IA) | 1 | $158K | 100.0% |
Why Choose The First National Bank of Primghar?
Based on SBA 7(a) lending track record from 2009-2009
- ✓Proven Track Record: 1 SBA loans approved, totaling $158K in financing
- ✓Industry Expertise: Specialized focus on Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance
- ✓Competitive Terms: Average interest rate of 6.00% with flexible term lengths averaging 180 months
- ✓Loan Range: Loan sizes from $158K to $158K, with an average of $158K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in IA
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 Primghar SBA lending
What types of businesses does The First National Bank of Primghar typically finance?
The First National Bank of Primghar specializes in SBA 7(a) lending to specific industries including commercial and industrial machinery and equipment (except automotive and electronic) repair and maintenance. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The First National Bank of Primghar's typical SBA loan terms?
The First National Bank of Primghar's SBA 7(a) loans typically feature an average interest rate of 6.00% and average term length of 180 months (approximately 15 years). Loan sizes range from $158K to $158K, with an average loan size of $158K.
Do I need a business valuation for a The First National Bank of Primghar SBA loan?
Yes, The First National Bank of Primghar 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 Primghar compare to other SBA lenders?
The First National Bank of Primghar has originated 1 SBA loans totaling $158K since 2009. 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 Primghar lend in?
The First National Bank of Primghar provides SBA 7(a) financing with particularly strong presence in IA. 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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Explore Industry Reports →Need a Business Valuation?
Certified valuations are often required for SBA loans over $250,000.
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