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
351
2010–2025
Total Volume
$121M
Gross loan amounts
States Active
6
With recorded loans
Programs
7(a) & 504
351 total segments
BankFirst Financial Services primarily focuses on 7(a) loans, with 348 out of 351 deals in this category. If you're looking for a 504 loan, their presence is minimal, making them less ideal for such needs.
The average spread for 7(a) loans at BankFirst is P+2.15%, which is lower than the national median of P+2.75%. This could mean more favorable terms for your loan compared to other lenders.
With a year-over-year decline of 22% in SBA deals, BankFirst may be tightening their lending criteria. This trend suggests that securing a loan might be more challenging than in previous years.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 3 504 loans, which use fixed SBA debenture rates.
States where BankFirst Financial Services has recorded SBA lending activity.
+ 1 more state
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Restaurants & Food Service
Accommodation & Food Services
Agriculture & Forestry
Agriculture & Forestry
Manufacturing
Manufacturing
Retail Trade
Retail Trade
Administrative & Waste Services
Administrative & Waste Services
Miscellaneous Retail
Retail Trade
Physician & Dental Offices
Health Care & Social Assistance
Other Health Practitioners
Health Care & Social Assistance
+ 7 more
All recorded SBA lending activity for BankFirst Financial Services, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Mississippi · Agriculture & Forestry · Under $150K | 7(a) | 14 | P+1.50% | $101K | Q1 2024 |
| Mississippi · Restaurants & Food Service · Under $150K | 7(a) | 11 | P+2.75% | $91K | Q4 2024 |
| Mississippi · Restaurants & Food Service · $150K – $350K | 7(a) | 9 | P+2.00% | $252K | Q4 2023 |
| Mississippi · Agriculture & Forestry · $1M – $2M | 7(a) | 8 | P+0.59% | $1.6M | Q3 2023 |
| Mississippi · Agriculture & Forestry · $500K – $1M | 7(a) | 7 | P+0.00% | $746K | Q1 2025 |
| Alabama · Restaurants & Food Service · Under $150K | 7(a) | 6 | P+2.38% | $72K | Q3 2024 |
| Alabama · Manufacturing · Under $150K | 7(a) | 6 | P+2.25% | $66K | Q1 2023 |
| Mississippi · Transportation & Warehousing · Under $150K | 7(a) | 5 | P+2.75% | $90K | Q4 2023 |
| Mississippi · Retail Trade · Under $150K | 7(a) | 5 | P+2.75% | $104K | Q3 2023 |
| Mississippi · Miscellaneous Retail · Under $150K | 7(a) | 5 | P+1.75% | $54K | Q1 2025 |
| Mississippi · Restaurants & Food Service · $500K – $1M | 7(a) | 5 | P+2.50% | $772K | Q2 2024 |
| Mississippi · Manufacturing · $150K – $350K | 7(a) | 5 | P+2.75% | $255K | Q4 2024 |
| Mississippi · Physician & Dental Offices · Under $150K | 7(a) | 4 | P+2.75% | $96K | Q4 2024 |
| Mississippi · Food & Beverage Stores · Under $150K | 7(a) | 4 | P+2.38% | $89K | Q4 2022 |
| Louisiana · Restaurants & Food Service · $150K – $350K | 7(a) | 4 | P+2.75% | $259K | Q3 2022 |
| Alabama · Miscellaneous Retail · Under $150K | 7(a) | 4 | P+2.75% | $116K | Q2 2024 |
| Mississippi · Agriculture & Forestry · $150K – $350K | 7(a) | 4 | P+1.25% | $269K | Q2 2022 |
| Alabama · Restaurants & Food Service · $150K – $350K | 7(a) | 4 | P+2.75% | $234K | Q3 2024 |
| Mississippi · Administrative & Waste Services · Under $150K | 7(a) | 4 | P+2.75% | $37K | Q1 2024 |
| Mississippi · Finance & Insurance · Under $150K | 7(a) | 4 | P+2.25% | $93K | Q2 2024 |
| Mississippi · Other Health Practitioners · Under $150K | 7(a) | 4 | P+2.75% | $81K | Q1 2024 |
| Mississippi · Wholesale Trade · Under $150K | 7(a) | 3 | P+2.75% | $131K | Q2 2024 |
| Mississippi · Specialty Trade Contractors · $150K – $350K | 7(a) | 3 | P+1.70% | $315K | Q4 2021 |
| Mississippi · Accounting & Tax · Under $150K | 7(a) | 3 | P+2.75% | $100K | Q3 2024 |
| Alabama · Auto Repair & Maintenance · Under $150K | 7(a) | 3 | P+2.75% | $97K | Q3 2023 |
Get a free personalized report comparing this lender against the best matches for your specific situation.
Free. No broker fees. Results in 10-15 minutes.
Real experiences from borrowers who closed SBA loans with BankFirst Financial Services.
No reviews yet. Be the first to review BankFirst Financial Services.