First Savings Bank is headquartered in Clarksville, IN. Q2 Business Capital is FSB’s SBA lending division. Q2 is a SBA Preferred Lending Partner and does provide SBA Express loans, which typically close faster than other SBA loans.

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Q2 will make SBA loans anywhere in the U.S., and last year Q2 provided SBA 7(a) loans to borrowers in 29 states:

 

Q2 cites the following benefits to its prospective borrowers:

 

Pre-Screen

Pre-screen service available within 24 hours with no charge or obligation

 

Use of Proceeds

Owner-occupied commercial real estate — Purchase, construction, renovation or refinance Machinery & equipment — Purchase or refinance

Business acquisition and partner buyout

Franchise finance—Acquisition, refinance, expansion, and start-up for select concepts

 

Loan Amounts

$350,000 to $5,000,000

 

Terms

Commercial real estate = 25 years

Machinery & equipment = 10 years (with exceptions for longer useful life) Business acquisition = 10 years

Low, friendly pre-payment terms

When there are multiple uses of proceeds, we will use the maximum of a blended term OR the majority use of proceed

Rates are based on a spread over Prime, and vary depending on the strengths of the opportunity All 7a loans are fully amortized with no balloon payments, call provisions or financial covenants

 

Borrower Benefits

Long repayment terms, reducing monthly payments Increased cash flow to invest in and expand your business Low down payment on multi-purpose real estate acquisitions

Financing available for most industry types including industrial, manufacturing, office, medical/ professional, retail, hotels, gas stations/c-stores, franchise restaurants, and more

 

Top industries for SBA loans for First Savings Bank dba Q2 Business Capital

 

RankIndustryAvg Loan
1Limited-Service Restaurants$601,450
2Full-Service Restaurants$606,800
3Automotive Body, Paint, and Interior Repair and Maintenance$1,101,975
4General Freight Trucking, Local$125,000
5Beer, Wine, and Liquor Stores$1,178,733
6Fitness and Recreational Sports Centers$1,038,567
7Other Personal Care Services$898,600
8Gasoline Stations with Convenience Stores$554,700
9Offices of Certified Public Accountants$277,333
10Snack and Nonalcoholic Beverage Bars$181,033
11All Other Miscellaneous Fabricated Metal Product Manufacturing$2,817,500
12General Freight Trucking, Long Distance, Truckload$1,601,500
13Fresh Fruit and Vegetable Merchant Wholesalers$1,530,750
14All Other Professional, Scientific, and Technical Services$1,513,850
15Offices of Physicians (except Mental Health Specialists)$1,185,350
16Residential Property Managers$1,083,500
17Child Day Care Services$725,000
18Other Miscellaneous Nondurable Goods Merchant Wholesalers$574,000
19Automotive Parts and Accessories Stores$441,100
20Electronic Shopping and Mail-Order Houses$434,750
21Electrical Contractors$322,500
22Residential Remodelers$301,000
23Insurance Agencies and Brokerages$248,250
24RV (Recreational Vehicle) Parks and Campgrounds$246,250
25Home Health Care Services$150,000
26Offices of Dentists$147,500
27Plastics Pipe and Pipe Fitting Manufacturing$3,516,000
28Janitorial Services$2,667,000
29Offices of Physical, Occupational and Speech Therapists, and Audiologi$2,405,000
30Commercial and Institutional Building Construction$2,000,000

 

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