STRONG
How competitive are their spreads? Lower = better for you.
STRONG
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
945
2010–2026
Total Volume
$492M
Gross loan amounts
States Active
5
With recorded loans
Programs
7(a) & 504
945 total segments
Bank First, N.A. has a strong focus on existing businesses, with 61% of their deals supporting established companies. This makes them a solid choice if you're looking to expand or refinance an existing operation.
With an average 7(a) spread of P+1.52%, Bank First offers competitive pricing compared to the national median of P+2.75%. This could save you money on interest over the life of your loan.
Although Bank First has a 10% share of 504 loans, which is lower than the national average of 18%, they still provide options for real estate financing. If you're considering a property purchase, it's worth discussing your needs with them.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 93 504 loans, which use fixed SBA debenture rates.
States where Bank First, N.A. has recorded SBA lending activity.
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Manufacturing
Manufacturing
Restaurants & Food Service
Accommodation & Food Services
Specialty Trade Contractors
Construction
Transportation & Warehousing
Transportation & Warehousing
Wholesale Trade
Wholesale Trade
Auto Repair & Maintenance
Other Services
Administrative & Waste Services
Administrative & Waste Services
Auto Dealers & Parts
Retail Trade
+ 7 more
All recorded SBA lending activity for Bank First, N.A., grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Wisconsin · Manufacturing · Under $150K | 7(a) | 62 | P+2.00% | $88K | Q1 2025 |
| Wisconsin · Manufacturing · $150K – $350K | 7(a) | 41 | P+1.25% | $265K | Q4 2025 |
| Wisconsin · Specialty Trade Contractors · Under $150K | 7(a) | 36 | P+1.60% | $82K | Q1 2025 |
| Wisconsin · Restaurants & Food Service · $150K – $350K | 7(a) | 35 | P+1.20% | $245K | Q3 2025 |
| Wisconsin · Restaurants & Food Service · Under $150K | 7(a) | 33 | P+2.00% | $79K | Q1 2025 |
| Wisconsin · Manufacturing · $500K – $1M | 7(a) | 31 | P+1.50% | $752K | Q2 2023 |
| Wisconsin · Specialty Trade Contractors · $150K – $350K | 7(a) | 27 | P+1.50% | $281K | Q4 2023 |
| Wisconsin · Manufacturing · $350K – $500K | 7(a) | 21 | P+1.74% | $442K | Q4 2023 |
| Wisconsin · Transportation & Warehousing · Under $150K | 7(a) | 21 | P+2.50% | $69K | Q4 2023 |
| Wisconsin · Administrative & Waste Services · Under $150K | 7(a) | 16 | P+1.37% | $46K | Q1 2025 |
| Wisconsin · Auto Repair & Maintenance · Under $150K | 7(a) | 16 | P+1.88% | $80K | Q1 2025 |
| Wisconsin · Manufacturing · $1M – $2M | 7(a) | 15 | P+1.10% | $1.5M | Q2 2020 |
| Wisconsin · Retail Trade · Under $150K | 7(a) | 13 | P+2.25% | $53K | Q1 2024 |
| Wisconsin · Specialty Trade Contractors · $500K – $1M | 7(a) | 13 | P+1.19% | $716K | Q1 2022 |
| Wisconsin · Manufacturing · $2M – $5M | 7(a) | 13 | P+1.50% | $3.5M | Q4 2025 |
| Wisconsin · Wholesale Trade · $150K – $350K | 7(a) | 12 | P+1.00% | $259K | Q4 2024 |
| Wisconsin · Wholesale Trade · Under $150K | 7(a) | 12 | P+1.88% | $83K | Q4 2024 |
| Wisconsin · Personal Care (Salons, Spas) · Under $150K | 7(a) | 11 | P+2.75% | $56K | Q2 2022 |
| Wisconsin · Other Health Practitioners · Under $150K | 7(a) | 11 | P+1.50% | $87K | Q3 2022 |
| Wisconsin · Auto Repair & Maintenance · $150K – $350K | 7(a) | 10 | P+2.38% | $285K | Q4 2022 |
| Wisconsin · Other Health Practitioners · $150K – $350K | 7(a) | 10 | P+1.25% | $202K | Q4 2025 |
| Wisconsin · Manufacturing · $1M – $2M | 504 | 10 | — | $1.5M | Q2 2023 |
| Wisconsin · Restaurants & Food Service · $500K – $1M | 7(a) | 9 | P+2.25% | $711K | Q2 2022 |
| Wisconsin · Building Construction · Under $150K | 7(a) | 9 | P+1.50% | $76K | Q1 2025 |
| Wisconsin · Auto Dealers & Parts · $150K – $350K | 7(a) | 9 | P+2.00% | $232K | Q2 2021 |
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Real experiences from borrowers who closed SBA loans with Bank First, N.A..
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