The First State Bank of Shelby
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by The First State Bank of Shelby
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811121 | Automotive Body, Paint, and Interior Repair and Maintenance | 8 | $6.3M | $789K | 50.0% |
| 444140 | Other | 8 | $4.6M | $569K | 50.0% |
Geographic Distribution
SBA lending activity for The First State Bank of Shelby by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Montana (MT) | 16 | $10.9M | 100.0% |
Why Choose The First State Bank of Shelby?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 16 SBA loans approved, totaling $10.9M in financing
- ✓Industry Expertise: Specialized focus on Automotive Body, Paint, and Interior Repair and Maintenance, Other
- ✓Competitive Terms: Average interest rate of 6.63% with flexible term lengths averaging 185 months
- ✓Loan Range: Loan sizes from $569K to $789K, with an average of $679K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MT
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 of Shelby SBA lending
What types of businesses does The First State Bank of Shelby typically finance?
The First State Bank of Shelby specializes in SBA 7(a) lending to specific industries including automotive body, paint, and interior repair and maintenance, other. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The First State Bank of Shelby's typical SBA loan terms?
The First State Bank of Shelby's SBA 7(a) loans typically feature an average interest rate of 6.63% and average term length of 185 months (approximately 15 years). Loan sizes range from $569K to $789K, with an average loan size of $679K.
Do I need a business valuation for a The First State Bank of Shelby SBA loan?
Yes, The First State Bank of Shelby 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 of Shelby compare to other SBA lenders?
The First State Bank of Shelby has originated 16 SBA loans totaling $10.9M since 2020. 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 of Shelby lend in?
The First State Bank of Shelby provides SBA 7(a) financing with particularly strong presence in MT. 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?
Professional valuations are often required for SBA loans over $250,000.
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