Top Industries Financed
- Full-Service Restaurants
- Coin-Operated Laundries and Drycleaners
- Funeral Homes and Funeral Services
- Soil Preparation, Planting, and Cultivating
- Roofing Contractors
Quick Summary
The First National Bank of Carmi is an SBA-approved lender headquartered in CARMI, Illinois. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 28 SBA 7(a) loans totaling $27.4M, with an average loan size of $979K. They serve businesses across 2 states.
About The First National Bank of Carmi
The First National Bank of Carmi is an SBA-approved lender headquartered in CARMI, Illinois. Since 2020, they have approved 28 SBA 7(a) loans totaling $27.4M, with an average loan size of $979K. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They serve businesses across 2 states.
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Nav is the only place where you can track your FICO SBSS score — the score the SBA uses to determine loan eligibility.
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Frequently Asked Questions
Is The First National Bank of Carmi an SBA Preferred Lender?
Yes, The First National Bank of Carmi is an SBA Preferred Lender (PLP). This means they have delegated authority from the SBA to approve loans without prior SBA review, resulting in faster approvals — typically 7–10 business days instead of 4–6 weeks.
How many SBA loans has The First National Bank of Carmi approved?
According to SBA FOIA public records, The First National Bank of Carmi has approved 28 SBA 7(a) loans totaling $27.4M since 2020. Their average loan size is $979K.
What states does The First National Bank of Carmi serve?
The First National Bank of Carmi serves businesses in 2 states: Illinois, Indiana.
How do I apply for an SBA loan with The First National Bank of Carmi?
To apply for an SBA 7(a) loan with The First National Bank of Carmi, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.
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