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
2,394
2012–2026
Total Volume
$2.1B
Gross loan amounts
States Active
50
Incl. DC & territories
Programs
7(a) & 504
2394 total segments
First Bank of the Lake has a strong focus on startups, with 59% of their deals going to new businesses. This could be ideal if you're looking to launch a new venture.
While First Bank of the Lake offers both 7(a) and 504 loans, their 6% share in 504 deals is below the national average of 18%. If you're seeking a 504 loan, consider other lenders with a stronger focus.
The average deal size at First Bank of the Lake is $879,278, which suggests they are well-suited for mid-sized businesses. If your financing needs are significantly below or above this, you may want to explore other options.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 145 504 loans, which use fixed SBA debenture rates.
Top 15 of 52 states where First Bank of the Lake 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
Specialty Trade Contractors
Construction
Administrative & Waste Services
Administrative & Waste Services
Arts, Entertainment & Recreation
Arts, Entertainment & Recreation
Other Health Practitioners
Health Care & Social Assistance
Manufacturing
Manufacturing
Miscellaneous Retail
Retail Trade
Social Assistance
Health Care & Social Assistance
+ 7 more
All recorded SBA lending activity for First Bank of the Lake, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| California · Specialty Trade Contractors · Under $150K | 7(a) | 14 | P+2.88% | $104K | Q3 2025 |
| Florida · Specialty Trade Contractors · $150K – $350K | 7(a) | 14 | P+2.50% | $275K | Q4 2025 |
| Texas · Specialty Trade Contractors · $150K – $350K | 7(a) | 14 | P+2.75% | $252K | Q4 2025 |
| Texas · Arts, Entertainment & Recreation · $500K – $1M | 7(a) | 12 | P+2.50% | $702K | Q3 2025 |
| California · Restaurants & Food Service · $350K – $500K | 7(a) | 11 | P+2.25% | $449K | Q4 2024 |
| Texas · Restaurants & Food Service · $500K – $1M | 7(a) | 11 | P+2.50% | $740K | Q4 2025 |
| California · Restaurants & Food Service · $500K – $1M | 7(a) | 11 | P+2.25% | $664K | Q1 2025 |
| Florida · Restaurants & Food Service · $500K – $1M | 7(a) | 11 | P+2.25% | $748K | Q3 2025 |
| California · Management & IT Consulting · Under $150K | 7(a) | 11 | P+6.00% | $119K | Q4 2025 |
| California · Other Health Practitioners · $150K – $350K | 7(a) | 10 | P+2.75% | $258K | Q1 2025 |
| Florida · Specialty Trade Contractors · $350K – $500K | 7(a) | 9 | P+2.75% | $435K | Q4 2025 |
| Texas · Social Assistance · $350K – $500K | 7(a) | 9 | P+2.75% | $460K | Q2 2025 |
| Texas · Administrative & Waste Services · Under $150K | 7(a) | 9 | P+2.50% | $120K | Q3 2025 |
| Texas · Other Health Practitioners · $150K – $350K | 7(a) | 8 | P+2.25% | $280K | Q2 2025 |
| California · Other Health Practitioners · Under $150K | 7(a) | 8 | P+6.00% | $133K | Q1 2025 |
| Texas · Administrative & Waste Services · $150K – $350K | 7(a) | 8 | P+2.75% | $237K | Q3 2025 |
| Georgia · Restaurants & Food Service · $500K – $1M | 7(a) | 8 | P+2.38% | $724K | Q3 2025 |
| Florida · Administrative & Waste Services · $150K – $350K | 7(a) | 8 | P+2.50% | $274K | Q4 2025 |
| California · Administrative & Waste Services · Under $150K | 7(a) | 8 | P+4.38% | $133K | Q2 2025 |
| Georgia · Specialty Trade Contractors · $150K – $350K | 7(a) | 7 | P+2.75% | $303K | Q1 2025 |
| California · Building Construction · $150K – $350K | 7(a) | 7 | P+2.50% | $266K | Q1 2025 |
| Texas · Restaurants & Food Service · $1M – $2M | 7(a) | 7 | P+2.25% | $1.4M | Q2 2025 |
| California · Manufacturing · Under $150K | 7(a) | 6 | P+6.00% | $129K | Q1 2025 |
| Florida · Manufacturing · $2M – $5M | 7(a) | 6 | P+2.63% | $4.3M | Q3 2022 |
| California · Restaurants & Food Service · Under $150K | 7(a) | 6 | P+4.38% | $88K | Q2 2024 |
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Real experiences from borrowers who closed SBA loans with First Bank of the Lake.
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