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.
FAIR
States where they've done deals. Wider = easier if you're out of state.
Total SBA Loans
1,240
2010–2026
Total Volume
$619M
Gross loan amounts
States Active
21
With recorded loans
Programs
7(a) & 504
1240 total segments
First American Bank has a strong focus on existing businesses, with 78% of their deals serving this purpose. This is beneficial for borrowers looking to expand or refinance established companies.
With an average 7(a) spread of P+1.93%, First American Bank offers competitive pricing compared to the national median of ~P+2.75%. This could lead to significant savings on interest for borrowers.
Although First American Bank has a 13% share of 504 loans, which is slightly below the national average, they still provide a balanced mix of financing options. This makes them suitable for borrowers considering both 7(a) and 504 loans.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 162 504 loans, which use fixed SBA debenture rates.
Top 15 of 21 states where First American Bank has recorded SBA lending activity.
+ 10 more states
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Wholesale Trade
Wholesale Trade
Manufacturing
Manufacturing
Specialty Trade Contractors
Construction
Retail Trade
Retail Trade
Restaurants & Food Service
Accommodation & Food Services
Physician & Dental Offices
Health Care & Social Assistance
Transportation & Warehousing
Transportation & Warehousing
Administrative & Waste Services
Administrative & Waste Services
+ 7 more
All recorded SBA lending activity for First American Bank, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Illinois · Specialty Trade Contractors · Under $150K | 7(a) | 21 | P+1.50% | $78K | Q1 2022 |
| Illinois · Wholesale Trade · Under $150K | 7(a) | 19 | P+2.00% | $95K | Q1 2018 |
| Illinois · Wholesale Trade · $150K – $350K | 7(a) | 18 | P+1.50% | $260K | Q2 2024 |
| Illinois · Manufacturing · Under $150K | 7(a) | 17 | P+1.25% | $101K | Q3 2023 |
| Florida · Wholesale Trade · $1M – $2M | 7(a) | 17 | P+1.50% | $1.7M | Q2 2024 |
| Illinois · Management & IT Consulting · Under $150K | 7(a) | 17 | P+1.25% | $76K | Q4 2016 |
| Illinois · Manufacturing · $350K – $500K | 7(a) | 14 | P+0.13% | $475K | Q3 2025 |
| Illinois · Specialty Trade Contractors · $150K – $350K | 7(a) | 14 | P+1.00% | $268K | Q3 2025 |
| Illinois · Wholesale Trade · $1M – $2M | 7(a) | 13 | P+1.75% | $1.5M | Q4 2022 |
| Florida · Wholesale Trade · Under $150K | 7(a) | 13 | P+2.00% | $110K | Q1 2021 |
| New Mexico · Specialty Trade Contractors · Under $150K | 7(a) | 13 | P+3.00% | $57K | Q2 2020 |
| Illinois · Wholesale Trade · $500K – $1M | 7(a) | 13 | P+1.75% | $735K | Q4 2022 |
| Illinois · Specialty Trade Contractors · $500K – $1M | 7(a) | 12 | P+1.13% | $788K | Q3 2024 |
| Texas · Specialty Trade Contractors · Under $150K | 7(a) | 12 | P+2.88% | $70K | Q3 2017 |
| Illinois · Manufacturing · $150K – $350K | 7(a) | 12 | P+1.00% | $255K | Q1 2025 |
| Illinois · Transportation & Warehousing · Under $150K | 7(a) | 12 | P+1.50% | $87K | Q2 2024 |
| Florida · Wholesale Trade · $500K – $1M | 7(a) | 11 | P+2.00% | $855K | Q1 2025 |
| Illinois · Physician & Dental Offices · Under $150K | 7(a) | 11 | P+1.50% | $71K | Q2 2021 |
| Texas · Physician & Dental Offices · Under $150K | 7(a) | 10 | P+2.25% | $84K | Q4 2016 |
| New Mexico · Other Health Practitioners · Under $150K | 7(a) | 10 | P+3.00% | $67K | Q4 2024 |
| Texas · Specialty Trade Contractors · $150K – $350K | 7(a) | 10 | P+3.00% | $247K | Q4 2016 |
| Florida · Wholesale Trade · $350K – $500K | 7(a) | 9 | P+2.00% | $433K | Q1 2025 |
| Florida · Wholesale Trade · $150K – $350K | 7(a) | 9 | P+2.00% | $256K | Q1 2019 |
| Illinois · Administrative & Waste Services · Under $150K | 7(a) | 9 | P+2.75% | $52K | Q1 2018 |
| Florida · Specialty Trade Contractors · Under $150K | 7(a) | 9 | P+2.00% | $114K | Q4 2017 |
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Real experiences from borrowers who closed SBA loans with First American Bank.
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