FirstBank Puerto Rico
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by FirstBank Puerto Rico · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 621511 | Medical Laboratories | 81 | $12.0M | $148K | 1.8% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 81 | $13.4M | $165K | 1.8% |
| 621210 | Offices of Dentists | 79 | $11.0M | $140K | 1.7% |
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 66 | $11.6M | $175K | 1.4% |
| 812320 | Drycleaning and Laundry Services (except Coin-Operated) | 63 | $7.5M | $120K | 1.4% |
| 812112 | Beauty Salons | 61 | $6.0M | $98K | 1.3% |
| 811111 | General Automotive Repair | 59 | $5.1M | $87K | 1.3% |
| 811121 | Automotive Body, Paint, and Interior Repair and Maintenance | 58 | $6.3M | $108K | 1.3% |
| 445291 | Baked Goods Retailers | 54 | $4.5M | $83K | 1.2% |
| 722513 | Limited-Service Restaurants | 48 | $5.8M | $121K | 1.0% |
Geographic Distribution
SBA lending activity for FirstBank Puerto Rico by state
| State | Loans | Volume | Share |
|---|---|---|---|
| PR (PR) | 4,521 | $534.0M | 98.0% |
| VI (VI) | 70 | $8.4M | 1.5% |
| Florida (FL) | 19 | $7.6M | 0.4% |
| New York (NY) | 1 | $5K | 0.0% |
Why Choose FirstBank Puerto Rico?
Based on SBA 7(a) lending track record from 1991-2025
- ✓Proven Track Record: 4,611 SBA loans approved, totaling $550.0M in financing
- ✓Industry Expertise: Specialized focus on Medical Laboratories, Offices of Physicians (except Mental Health Specialists), Offices of Dentists
- ✓Competitive Terms: Average interest rate of 8.54% with flexible term lengths averaging 92 months
- ✓Loan Range: Loan sizes from $1K to $4.5M, with an average of $119K
- ✓Nationwide Reach: Active lending in 4 states, with strong presence in PR, VI, FL
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 FirstBank Puerto Rico SBA lending
What types of businesses does FirstBank Puerto Rico typically finance?
FirstBank Puerto Rico specializes in SBA 7(a) lending to specific industries including medical laboratories, offices of physicians (except mental health specialists), offices of dentists, supermarkets and other grocery retailers (except convenience retailers). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are FirstBank Puerto Rico's typical SBA loan terms?
FirstBank Puerto Rico's SBA 7(a) loans typically feature an average interest rate of 8.54% and average term length of 92 months (approximately 8 years). Loan sizes range from $1K to $4.5M, with an average loan size of $119K.
Do I need a business valuation for a FirstBank Puerto Rico SBA loan?
Yes, FirstBank Puerto Rico 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 FirstBank Puerto Rico compare to other SBA lenders?
FirstBank Puerto Rico has originated 4,611 SBA loans totaling $550.0M 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 FirstBank Puerto Rico lend in?
FirstBank Puerto Rico provides SBA 7(a) financing with particularly strong presence in PR, VI, FL, NY. 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.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
Explore Industry Reports →Need a Business Valuation?
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