The First State Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by The First State Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811111 | General Automotive Repair | 3 | $698K | $233K | 3.5% |
| 213112 | Support Activities for Oil and Gas Operations | 3 | $1.1M | $354K | 3.5% |
| 333111 | Farm Machinery and Equipment Manufacturing | 2 | $580K | $290K | 2.3% |
| 811121 | Automotive Body, Paint, and Interior Repair and Maintenance | 2 | $120K | $60K | 2.3% |
| 112210 | Hog and Pig Farming | 2 | $150K | $75K | 2.3% |
| 423310 | Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers | 1 | $120K | $120K | 1.2% |
| 811310 | Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance | 1 | $89K | $89K | 1.2% |
| 621210 | Offices of Dentists | 1 | $90K | $90K | 1.2% |
| 238210 | Electrical Contractors and Other Wiring Installation Contractors | 1 | $540K | $540K | 1.2% |
| 484121 | General Freight Trucking, Long-Distance, Truckload | 1 | $59K | $59K | 1.2% |
Geographic Distribution
SBA lending activity for The First State Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Texas (TX) | 25 | $8.9M | 29.1% |
| Kansas (KS) | 47 | $6.2M | 54.7% |
| Nebraska (NE) | 13 | $1.9M | 15.1% |
| Oklahoma (OK) | 1 | $55K | 1.2% |
Why Choose The First State Bank?
Based on SBA 7(a) lending track record from 1991-2021
- ✓Proven Track Record: 86 SBA loans approved, totaling $17.1M in financing
- ✓Industry Expertise: Specialized focus on General Automotive Repair, Support Activities for Oil and Gas Operations, Farm Machinery and Equipment Manufacturing
- ✓Competitive Terms: Average interest rate of 6.34% with flexible term lengths averaging 115 months
- ✓Loan Range: Loan sizes from $3K to $2.9M, with an average of $199K
- ✓Nationwide Reach: Active lending in 4 states, with strong presence in KS, TX, NE
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 State Bank SBA lending
What types of businesses does The First State Bank typically finance?
The First State Bank specializes in SBA 7(a) lending to specific industries including general automotive repair, support activities for oil and gas operations, farm machinery and equipment manufacturing, automotive body, paint, and interior repair and maintenance. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The First State Bank's typical SBA loan terms?
The First State Bank's SBA 7(a) loans typically feature an average interest rate of 6.34% and average term length of 115 months (approximately 10 years). Loan sizes range from $3K to $2.9M, with an average loan size of $199K.
Do I need a business valuation for a The First State Bank SBA loan?
Yes, The First State Bank 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 State Bank compare to other SBA lenders?
The First State Bank has originated 86 SBA loans totaling $17.1M since 1991. 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 State Bank lend in?
The First State Bank provides SBA 7(a) financing with particularly strong presence in KS, TX, NE, OK. 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.