GOOD
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.
STRONG
States where they've done deals. Wider = easier if you're out of state.
Total SBA Loans
2,089
2010–2026
Total Volume
$1.6B
Gross loan amounts
States Active
45
With recorded loans
Programs
7(a) & 504
2088 total segments
First Bank has a strong focus on existing businesses, with 57% of their SBA deals serving this purpose. This makes them a solid choice for established companies looking to expand or refinance.
With an average 7(a) spread of P+2.29%, First Bank offers competitive pricing compared to the national median of P+2.75%. This could save you money on interest over the life of the loan.
Although First Bank has a 10% share of 504 loans, which is below the national average, they still offer a viable option for real estate financing. However, if you're primarily seeking 504 financing, you may want to consider other lenders with a higher focus.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 204 504 loans, which use fixed SBA debenture rates.
Top 15 of 45 states where First Bank has recorded SBA lending activity.
+ 10 more states
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Restaurants & Food Service
Accommodation & Food Services
Manufacturing
Manufacturing
Specialty Trade Contractors
Construction
Retail Trade
Retail Trade
Administrative & Waste Services
Administrative & Waste Services
Wholesale Trade
Wholesale Trade
Arts, Entertainment & Recreation
Arts, Entertainment & Recreation
Other Health Practitioners
Health Care & Social Assistance
+ 7 more
All recorded SBA lending activity for First Bank, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Florida · Specialty Trade Contractors · Under $150K | 7(a) | 29 | P+2.75% | $61K | Q1 2025 |
| North Carolina · Restaurants & Food Service · $150K – $350K | 7(a) | 17 | P+2.75% | $254K | Q3 2025 |
| California · Restaurants & Food Service · $350K – $500K | 7(a) | 15 | P+2.75% | $421K | Q3 2024 |
| North Carolina · Restaurants & Food Service · $500K – $1M | 7(a) | 13 | P+2.50% | $715K | Q3 2025 |
| North Carolina · Restaurants & Food Service · $350K – $500K | 7(a) | 12 | P+2.63% | $435K | Q1 2025 |
| Pennsylvania · Restaurants & Food Service · $150K – $350K | 7(a) | 11 | P+2.75% | $262K | Q2 2019 |
| North Carolina · Wholesale Trade · Under $150K | 7(a) | 11 | P+2.00% | $88K | Q2 2017 |
| North Carolina · Specialty Trade Contractors · Under $150K | 7(a) | 11 | P+2.50% | $93K | Q1 2024 |
| New Jersey · Restaurants & Food Service · $150K – $350K | 7(a) | 11 | P+2.50% | $259K | Q1 2025 |
| North Carolina · Restaurants & Food Service · $1M – $2M | 7(a) | 10 | P+2.13% | $1.4M | Q3 2024 |
| Iowa · Restaurants & Food Service · Under $150K | 7(a) | 10 | P+2.38% | $83K | Q3 2023 |
| Florida · Agriculture & Forestry · Under $150K | 7(a) | 9 | P+3.00% | $58K | Q2 2018 |
| North Carolina · Manufacturing · Under $150K | 7(a) | 9 | P+2.25% | $63K | Q1 2024 |
| North Carolina · Restaurants & Food Service · Under $150K | 7(a) | 8 | P+2.13% | $61K | Q3 2022 |
| New Jersey · Restaurants & Food Service · $500K – $1M | 7(a) | 8 | P+2.63% | $649K | Q3 2023 |
| North Carolina · Manufacturing · $150K – $350K | 7(a) | 8 | P+2.75% | $285K | Q1 2022 |
| North Carolina · Manufacturing · $500K – $1M | 7(a) | 8 | P+2.50% | $771K | Q4 2024 |
| North Carolina · General Merchandise · Under $150K | 7(a) | 8 | P+2.25% | $148K | Q2 2013 |
| California · Restaurants & Food Service · $150K – $350K | 7(a) | 8 | P+2.63% | $287K | Q2 2020 |
| Florida · Administrative & Waste Services · Under $150K | 7(a) | 7 | P+1.75% | $77K | Q1 2020 |
| New Jersey · Arts, Entertainment & Recreation · $150K – $350K | 7(a) | 7 | P+2.75% | $225K | Q4 2025 |
| North Carolina · Specialty Trade Contractors · $500K – $1M | 7(a) | 7 | P+2.25% | $659K | Q1 2025 |
| California · Other Health Practitioners · $150K – $350K | 7(a) | 7 | P+2.50% | $304K | Q1 2021 |
| California · Administrative & Waste Services · $1M – $2M | 7(a) | 7 | P+2.50% | $1.4M | Q2 2024 |
| California · Manufacturing · $1M – $2M | 7(a) | 7 | P+2.25% | $1.4M | Q4 2020 |
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