The First Trust and Savings Bank of Watseka
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by The First Trust and Savings Bank of Watseka · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 311119 | Other Animal Food Manufacturing | 1 | $150K | $150K | 100.0% |
Geographic Distribution
SBA lending activity for The First Trust and Savings Bank of Watseka by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Illinois (IL) | 1 | $150K | 100.0% |
Why Choose The First Trust and Savings Bank of Watseka?
Based on SBA 7(a) lending track record from 2004-2004
- ✓Proven Track Record: 1 SBA loans approved, totaling $150K in financing
- ✓Industry Expertise: Specialized focus on Other Animal Food Manufacturing
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 120 months
- ✓Loan Range: Loan sizes from $150K to $150K, with an average of $150K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in IL
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 Trust and Savings Bank of Watseka SBA lending
What types of businesses does The First Trust and Savings Bank of Watseka typically finance?
The First Trust and Savings Bank of Watseka specializes in SBA 7(a) lending to specific industries including other animal food manufacturing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The First Trust and Savings Bank of Watseka's typical SBA loan terms?
The First Trust and Savings Bank of Watseka's SBA 7(a) loans typically feature an average interest rate of — and average term length of 120 months (approximately 10 years). Loan sizes range from $150K to $150K, with an average loan size of $150K.
Do I need a business valuation for a The First Trust and Savings Bank of Watseka SBA loan?
Yes, The First Trust and Savings Bank of Watseka 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 Trust and Savings Bank of Watseka compare to other SBA lenders?
The First Trust and Savings Bank of Watseka has originated 1 SBA loans totaling $150K since 2004. 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 Trust and Savings Bank of Watseka lend in?
The First Trust and Savings Bank of Watseka provides SBA 7(a) financing with particularly strong presence in IL. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
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