STRONG
How competitive are their spreads? Lower = better for you.
GOOD
Total SBA loans closed. More deals = more experience.
GOOD
How many industries do they lend in? More = flexible.
WEAK
States where they've done deals. Wider = easier if you're out of state.
Total SBA Loans
219
2010–2024
Total Volume
$82M
Gross loan amounts
States Active
5
With recorded loans
Programs
7(a) & 504
219 total segments
Community First Bank of the Heartland primarily focuses on existing businesses, with 59% of their deals supporting established companies. This indicates a strong preference for lending to businesses that are already operational, making them a suitable choice for borrowers looking to expand or refinance existing operations.
With an average 7(a) spread of P+2.20%, Community First Bank offers competitive pricing compared to the national median of P+2.75%. This lower spread can save borrowers money over the life of the loan, making them an attractive option for those seeking affordable financing.
Despite a minimal presence in 504 loans (only 2% of their total deals), Community First Bank has seen a significant decline in their lending activity, with a 33% drop in deals year-over-year. Borrowers should consider this trend as it may affect their chances of approval and the lender's willingness to take on new projects.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 4 504 loans, which use fixed SBA debenture rates.
States where Community First Bank of the Heartland has recorded SBA lending activity.
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Transportation & Warehousing
Transportation & Warehousing
Specialty Trade Contractors
Construction
Manufacturing
Manufacturing
Administrative & Waste Services
Administrative & Waste Services
Auto Dealers & Parts
Retail Trade
Wholesale Trade
Wholesale Trade
Personal Care (Salons, Spas)
Other Services
Restaurants & Food Service
Accommodation & Food Services
+ 7 more
All recorded SBA lending activity for Community First Bank of the Heartland, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Illinois · Specialty Trade Contractors · Under $150K | 7(a) | 17 | P+2.75% | $45K | Q2 2020 |
| Illinois · Transportation & Warehousing · Under $150K | 7(a) | 13 | P+2.25% | $71K | Q1 2022 |
| Illinois · Personal Care (Salons, Spas) · Under $150K | 7(a) | 8 | P+1.50% | $65K | Q1 2023 |
| Illinois · Transportation & Warehousing · $150K – $350K | 7(a) | 8 | P+2.25% | $220K | Q3 2020 |
| Illinois · Administrative & Waste Services · Under $150K | 7(a) | 7 | P+2.75% | $65K | Q3 2020 |
| Illinois · Retail Trade · Under $150K | 7(a) | 6 | P+2.25% | $69K | Q4 2020 |
| Illinois · Manufacturing · $150K – $350K | 7(a) | 6 | P+1.19% | $284K | Q1 2024 |
| Illinois · Real Estate · Under $150K | 7(a) | 6 | P+1.50% | $51K | Q3 2020 |
| Illinois · Restaurants & Food Service · Under $150K | 7(a) | 6 | P+2.75% | $70K | Q1 2023 |
| Illinois · Transportation & Warehousing · $500K – $1M | 7(a) | 6 | P+1.08% | $721K | Q3 2021 |
| Illinois · Specialty Trade Contractors · $150K – $350K | 7(a) | 5 | P+2.00% | $243K | Q4 2021 |
| Illinois · Other Repair & Services · Under $150K | 7(a) | 5 | P+2.25% | $57K | Q3 2021 |
| Illinois · Building Construction · Under $150K | 7(a) | 5 | P+2.50% | $88K | Q1 2022 |
| Illinois · Wholesale Trade · Under $150K | 7(a) | 4 | P+2.25% | $108K | Q2 2015 |
| Illinois · Auto Repair & Maintenance · Under $150K | 7(a) | 4 | P+2.75% | $46K | Q3 2016 |
| Illinois · Auto Dealers & Parts · Under $150K | 7(a) | 4 | P+2.75% | $75K | Q2 2015 |
| Illinois · Transportation & Warehousing · $1M – $2M | 7(a) | 4 | P+2.69% | $1.2M | Q4 2016 |
| Missouri · Transportation & Warehousing · $500K – $1M | 7(a) | 3 | P+1.06% | $880K | Q2 2021 |
| Illinois · Manufacturing · Under $150K | 7(a) | 3 | P+2.75% | $145K | Q1 2022 |
| Idaho · Manufacturing · $150K – $350K | 7(a) | 3 | P+2.75% | $283K | Q1 2016 |
| Illinois · Physician & Dental Offices · $150K – $350K | 7(a) | 3 | P+1.75% | $219K | Q1 2015 |
| Illinois · General Merchandise · Under $150K | 7(a) | 3 | P+2.75% | $49K | Q2 2013 |
| Illinois · Hotels & Accommodation · $2M – $5M | 7(a) | 3 | P+1.25% | $3.6M | Q2 2022 |
| Illinois · Restaurants & Food Service · $150K – $350K | 7(a) | 3 | P+2.75% | $237K | Q2 2015 |
| Illinois · Food & Beverage Stores · $500K – $1M | 7(a) | 3 | P+2.00% | $843K | Q4 2016 |
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