The First National Bank of Sonora
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by The First National Bank of Sonora · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 624410 | Child Care Services | 2 | $384K | $192K | 3.8% |
| 811192 | Car Washes | 1 | $450K | $450K | 1.9% |
| 812310 | Coin-Operated Laundries and Drycleaners | 1 | $87K | $87K | 1.9% |
| 339920 | Sporting and Athletic Goods Manufacturing | 1 | $300K | $300K | 1.9% |
| 541511 | Custom Computer Programming Services | 1 | $70K | $70K | 1.9% |
| 484110 | General Freight Trucking, Local | 1 | $25K | $25K | 1.9% |
| 323117 | Books Printing | 1 | $42K | $42K | 1.9% |
| 811121 | Automotive Body, Paint, and Interior Repair and Maintenance | 1 | $45K | $45K | 1.9% |
| 213112 | Support Activities for Oil and Gas Operations | 1 | $300K | $300K | 1.9% |
Geographic Distribution
SBA lending activity for The First National Bank of Sonora by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Texas (TX) | 53 | $6.9M | 100.0% |
Why Choose The First National Bank of Sonora?
Based on SBA 7(a) lending track record from 1992-2019
- ✓Proven Track Record: 53 SBA loans approved, totaling $6.9M in financing
- ✓Industry Expertise: Specialized focus on Child Care Services, Car Washes, Coin-Operated Laundries and Drycleaners
- ✓Competitive Terms: Average interest rate of 8.50% with flexible term lengths averaging 115 months
- ✓Loan Range: Loan sizes from $8K to $750K, with an average of $130K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in TX
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 Sonora SBA lending
What types of businesses does The First National Bank of Sonora typically finance?
The First National Bank of Sonora specializes in SBA 7(a) lending to specific industries including child care services, car washes, coin-operated laundries and drycleaners, sporting and athletic goods manufacturing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The First National Bank of Sonora's typical SBA loan terms?
The First National Bank of Sonora's SBA 7(a) loans typically feature an average interest rate of 8.50% and average term length of 115 months (approximately 10 years). Loan sizes range from $8K to $750K, with an average loan size of $130K.
Do I need a business valuation for a The First National Bank of Sonora SBA loan?
Yes, The First National Bank of Sonora 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 Sonora compare to other SBA lenders?
The First National Bank of Sonora has originated 53 SBA loans totaling $6.9M since 1992. 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 Sonora lend in?
The First National Bank of Sonora provides SBA 7(a) financing with particularly strong presence in TX. 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.
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