First Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811111 | General Automotive Repair | 134 | $54.1M | $404K | 2.3% |
| 722511 | Full-Service Restaurants | 129 | $132.8M | $1.0M | 2.2% |
| 713940 | Fitness and Recreational Sports Centers | 99 | $43.2M | $437K | 1.7% |
| 624410 | Child Care Services | 89 | $59.6M | $670K | 1.5% |
| 621210 | Offices of Dentists | 85 | $40.3M | $474K | 1.5% |
| 722513 | Limited-Service Restaurants | 84 | $43.3M | $515K | 1.5% |
| 812111 | Barber Shops | 69 | $11.3M | $164K | 1.2% |
| 621310 | Offices of Chiropractors | 69 | $14.0M | $203K | 1.2% |
| 721110 | Hotels (except Casino Hotels) and Motels | 69 | $130.8M | $1.9M | 1.2% |
| 812112 | Beauty Salons | 62 | $13.4M | $216K | 1.1% |
Geographic Distribution
SBA lending activity for First Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| California (CA) | 2,557 | $1.01B | 44.2% |
| North Carolina (NC) | 571 | $309.1M | 9.9% |
| Texas (TX) | 474 | $213.4M | 8.2% |
| New Jersey (NJ) | 260 | $193.0M | 4.5% |
| Florida (FL) | 276 | $134.1M | 4.8% |
| Pennsylvania (PA) | 173 | $111.0M | 3.0% |
| New York (NY) | 99 | $80.3M | 1.7% |
| South Carolina (SC) | 71 | $65.5M | 1.2% |
| Georgia (GA) | 68 | $53.9M | 1.2% |
| Illinois (IL) | 150 | $49.7M | 2.6% |
| Arizona (AZ) | 56 | $40.1M | 1.0% |
| Virginia (VA) | 125 | $39.9M | 2.2% |
| Missouri (MO) | 211 | $32.3M | 3.6% |
| Ohio (OH) | 37 | $31.7M | 0.6% |
| Iowa (IA) | 116 | $29.1M | 2.0% |
| Colorado (CO) | 38 | $27.6M | 0.7% |
| Washington (WA) | 32 | $27.5M | 0.6% |
| Michigan (MI) | 33 | $26.0M | 0.6% |
| Indiana (IN) | 21 | $24.8M | 0.4% |
| Maryland (MD) | 28 | $23.4M | 0.5% |
| Nevada (NV) | 18 | $22.2M | 0.3% |
| Louisiana (LA) | 22 | $22.2M | 0.4% |
| Tennessee (TN) | 28 | $21.9M | 0.5% |
| Arkansas (AR) | 12 | $19.7M | 0.2% |
| Massachusetts (MA) | 28 | $18.3M | 0.5% |
| Alaska (AK) | 76 | $17.4M | 1.3% |
| Mississippi (MS) | 24 | $16.5M | 0.4% |
| Wisconsin (WI) | 20 | $15.1M | 0.3% |
| Kansas (KS) | 37 | $14.8M | 0.6% |
| Connecticut (CT) | 19 | $13.7M | 0.3% |
| Alabama (AL) | 15 | $10.6M | 0.3% |
| Oklahoma (OK) | 13 | $10.3M | 0.2% |
| Oregon (OR) | 13 | $9.6M | 0.2% |
| Minnesota (MN) | 15 | $8.5M | 0.3% |
| Utah (UT) | 7 | $7.6M | 0.1% |
| West Virginia (WV) | 4 | $7.3M | 0.1% |
| New Hampshire (NH) | 6 | $4.9M | 0.1% |
| New Mexico (NM) | 7 | $3.9M | 0.1% |
| District of Columbia (DC) | 3 | $3.5M | 0.1% |
| Hawaii (HI) | 2 | $2.5M | 0.0% |
| Montana (MT) | 2 | $2.0M | 0.0% |
| Idaho (ID) | 5 | $1.7M | 0.1% |
| Rhode Island (RI) | 3 | $1.4M | 0.1% |
| Kentucky (KY) | 2 | $1.4M | 0.0% |
| Maine (ME) | 2 | $1.3M | 0.0% |
| Vermont (VT) | 2 | $801K | 0.0% |
| Delaware (DE) | 2 | $511K | 0.0% |
| Nebraska (NE) | 1 | $480K | 0.0% |
| North Dakota (ND) | 1 | $210K | 0.0% |
| Wyoming (WY) | 1 | $150K | 0.0% |
Why Choose First Bank?
Based on SBA 7(a) lending track record from 1991-2025
- ✓Proven Track Record: 5,786 SBA loans approved, totaling $2.78B in financing
- ✓Industry Expertise: Specialized focus on General Automotive Repair, Full-Service Restaurants, Fitness and Recreational Sports Centers
- ✓Competitive Terms: Average interest rate of 6.98% with flexible term lengths averaging 165 months
- ✓Loan Range: Loan sizes from $15 to $5.0M, with an average of $480K
- ✓Nationwide Reach: Active lending in 50 states, with strong presence in CA, NC, TX
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 First Bank SBA lending
What types of businesses does First Bank typically finance?
First Bank specializes in SBA 7(a) lending to specific industries including general automotive repair, full-service restaurants, fitness and recreational sports centers, child care services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First Bank's typical SBA loan terms?
First Bank's SBA 7(a) loans typically feature an average interest rate of 6.98% and average term length of 165 months (approximately 14 years). Loan sizes range from $15 to $5.0M, with an average loan size of $480K.
Do I need a business valuation for a First Bank SBA loan?
Yes, First Bank 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 First Bank compare to other SBA lenders?
First Bank has originated 5,786 SBA loans totaling $2.78B since 1991. 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 First Bank lend in?
First Bank provides SBA 7(a) financing with particularly strong presence in CA, NC, TX, FL, NJ. 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?
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