The First National Bank of Tom Bean
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by The First National Bank of Tom Bean · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722513 | Limited-Service Restaurants | 12 | $5.6M | $463K | 14.1% |
| 722511 | Full-Service Restaurants | 5 | $4.7M | $942K | 5.9% |
| 624410 | Child Care Services | 5 | $4.3M | $856K | 5.9% |
| 238990 | All Other Specialty Trade Contractors | 4 | $2.3M | $587K | 4.7% |
| 713940 | Fitness and Recreational Sports Centers | 4 | $1.6M | $403K | 4.7% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 3 | $616K | $205K | 3.5% |
| 236118 | Residential Remodelers | 3 | $410K | $137K | 3.5% |
| 561720 | Janitorial Services | 2 | $175K | $88K | 2.4% |
| 811192 | Car Washes | 2 | $6.3M | $3.2M | 2.4% |
| 812320 | Drycleaning and Laundry Services (except Coin-Operated) | 2 | $959K | $479K | 2.4% |
Geographic Distribution
SBA lending activity for The First National Bank of Tom Bean by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Texas (TX) | 67 | $36.2M | 78.8% |
| Oklahoma (OK) | 2 | $5.3M | 2.4% |
| Arizona (AZ) | 2 | $5.1M | 2.4% |
| Florida (FL) | 5 | $3.1M | 5.9% |
| Arkansas (AR) | 1 | $588K | 1.2% |
| California (CA) | 1 | $501K | 1.2% |
| Tennessee (TN) | 1 | $470K | 1.2% |
| Kansas (KS) | 2 | $412K | 2.4% |
| Illinois (IL) | 1 | $255K | 1.2% |
| North Dakota (ND) | 1 | $150K | 1.2% |
| Missouri (MO) | 1 | $149K | 1.2% |
| Michigan (MI) | 1 | $126K | 1.2% |
Why Choose The First National Bank of Tom Bean?
Based on SBA 7(a) lending track record from 1995-2018
- ✓Proven Track Record: 85 SBA loans approved, totaling $52.3M in financing
- ✓Industry Expertise: Specialized focus on Limited-Service Restaurants, Full-Service Restaurants, Child Care Services
- ✓Competitive Terms: Average interest rate of 6.29% with flexible term lengths averaging 139 months
- ✓Loan Range: Loan sizes from $20K to $5.0M, with an average of $616K
- ✓Nationwide Reach: Active lending in 12 states, with strong presence in TX, FL, AZ
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 Tom Bean SBA lending
What types of businesses does The First National Bank of Tom Bean typically finance?
The First National Bank of Tom Bean specializes in SBA 7(a) lending to specific industries including limited-service restaurants, full-service restaurants, child care services, all other specialty trade contractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The First National Bank of Tom Bean's typical SBA loan terms?
The First National Bank of Tom Bean's SBA 7(a) loans typically feature an average interest rate of 6.29% and average term length of 139 months (approximately 12 years). Loan sizes range from $20K to $5.0M, with an average loan size of $616K.
Do I need a business valuation for a The First National Bank of Tom Bean SBA loan?
Yes, The First National Bank of Tom Bean 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 Tom Bean compare to other SBA lenders?
The First National Bank of Tom Bean has originated 85 SBA loans totaling $52.3M since 1995. 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 Tom Bean lend in?
The First National Bank of Tom Bean provides SBA 7(a) financing with particularly strong presence in TX, FL, AZ, OK, KS. 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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