The First National Bank of River Falls
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by The First National Bank of River Falls · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 238910 | Site Preparation Contractors | 4 | $1.0M | $254K | 4.7% |
| 484110 | General Freight Trucking, Local | 3 | $139K | $46K | 3.5% |
| 236220 | Commercial and Institutional Building Construction | 3 | $450K | $150K | 3.5% |
| 812910 | Pet Care (except Veterinary) Services | 2 | $188K | $94K | 2.4% |
| 332312 | Fabricated Structural Metal Manufacturing | 2 | $486K | $243K | 2.4% |
| 722410 | Drinking Places (Alcoholic Beverages) | 2 | $296K | $148K | 2.4% |
| 337110 | Wood Kitchen Cabinet and Countertop Manufacturing | 2 | $258K | $129K | 2.4% |
| 812990 | All Other Personal Services | 1 | $25K | $25K | 1.2% |
| 238210 | Electrical Contractors and Other Wiring Installation Contractors | 1 | $150K | $150K | 1.2% |
| 238320 | Painting and Wall Covering Contractors | 1 | $100K | $100K | 1.2% |
Geographic Distribution
SBA lending activity for The First National Bank of River Falls by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Wisconsin (WI) | 73 | $13.9M | 85.9% |
| Minnesota (MN) | 12 | $1.2M | 14.1% |
Why Choose The First National Bank of River Falls?
Based on SBA 7(a) lending track record from 1994-2018
- ✓Proven Track Record: 85 SBA loans approved, totaling $15.1M in financing
- ✓Industry Expertise: Specialized focus on Site Preparation Contractors, General Freight Trucking, Local, Commercial and Institutional Building Construction
- ✓Competitive Terms: Average interest rate of 5.87% with flexible term lengths averaging 88 months
- ✓Loan Range: Loan sizes from $8K to $1.6M, with an average of $178K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in WI, MN
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 River Falls SBA lending
What types of businesses does The First National Bank of River Falls typically finance?
The First National Bank of River Falls specializes in SBA 7(a) lending to specific industries including site preparation contractors, general freight trucking, local, commercial and institutional building construction, pet care (except veterinary) services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The First National Bank of River Falls's typical SBA loan terms?
The First National Bank of River Falls's SBA 7(a) loans typically feature an average interest rate of 5.87% and average term length of 88 months (approximately 7 years). Loan sizes range from $8K to $1.6M, with an average loan size of $178K.
Do I need a business valuation for a The First National Bank of River Falls SBA loan?
Yes, The First National Bank of River Falls 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 River Falls compare to other SBA lenders?
The First National Bank of River Falls has originated 85 SBA loans totaling $15.1M since 1994. 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 River Falls lend in?
The First National Bank of River Falls provides SBA 7(a) financing with particularly strong presence in WI, MN. 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.