GOOD
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.
FAIR
States where they've done deals. Wider = easier if you're out of state.
Total SBA Loans
200
2010–2026
Total Volume
$219M
Gross loan amounts
States Active
20
With recorded loans
Programs
504
200 total segments
First Citizens Bancshares is a 504-only lender, meaning they specialize in financing real estate and equipment for existing businesses, which is evident as 94% of their deals support existing businesses. This focus can be beneficial for borrowers looking to expand or acquire property for established operations.
With an average deal size of $1,095,100, First Citizens Bancshares caters primarily to larger financing needs. If your project requires less than $500K, you may find better options elsewhere, as they have only 27 deals in the $150K-$350K range.
First Citizens Bancshares has seen a significant decline in activity, with a -52% year-over-year drop in deals. This trend may indicate a tightening of their lending criteria, making it potentially more challenging for new applicants to secure funding.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 200 504 loans, which use fixed SBA debenture rates.
Top 15 of 20 states where FIRST CITIZENS BANCSHARES INC has recorded SBA lending activity.
+ 10 more states
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Physician & Dental Offices
Health Care & Social Assistance
Wholesale Trade
Wholesale Trade
Specialty Trade Contractors
Construction
Manufacturing
Manufacturing
Restaurants & Food Service
Accommodation & Food Services
Other Health Practitioners
Health Care & Social Assistance
Auto Repair & Maintenance
Other Services
Miscellaneous Retail
Retail Trade
+ 7 more
All recorded SBA lending activity for FIRST CITIZENS BANCSHARES INC, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| California · Miscellaneous Retail · $500K – $1M | 504 | 5 | — | $630K | Q2 2023 |
| California · Wholesale Trade · $1M – $2M | 504 | 5 | — | $1.3M | Q3 2023 |
| California · Specialty Trade Contractors · $1M – $2M | 504 | 3 | — | $1.2M | Q3 2022 |
| California · Manufacturing · $1M – $2M | 504 | 3 | — | $1.4M | Q4 2021 |
| Georgia · Auto Repair & Maintenance · $1M – $2M | 504 | 3 | — | $1.2M | Q3 2025 |
| California · Specialty Trade Contractors · $350K – $500K | 504 | 3 | — | $455K | Q1 2023 |
| California · Specialty Trade Contractors · $500K – $1M | 504 | 3 | — | $855K | Q1 2023 |
| California · Physician & Dental Offices · $2M – $5M | 504 | 3 | — | $2.6M | Q2 2023 |
| California · Other Health Practitioners · $500K – $1M | 504 | 3 | — | $762K | Q1 2023 |
| Virginia · Social Assistance · $1M – $2M | 504 | 2 | — | $1.4M | Q2 2025 |
| California · Other Repair & Services · $1M – $2M | 504 | 2 | — | $1.4M | Q2 2023 |
| California · Engineering & Architecture · $1M – $2M | 504 | 2 | — | $1.1M | Q3 2022 |
| Pennsylvania · Auto Repair & Maintenance · $500K – $1M | 504 | 2 | — | $725K | Q3 2024 |
| California · Administrative & Waste Services · $500K – $1M | 504 | 2 | — | $725K | Q3 2023 |
| Texas · Other Professional Services · $500K – $1M | 504 | 2 | — | $861K | Q4 2024 |
| Florida · Physician & Dental Offices · $1M – $2M | 504 | 2 | — | $1.1M | Q2 2023 |
| California · Auto Repair & Maintenance · $500K – $1M | 504 | 2 | — | $622K | Q2 2025 |
| California · Physician & Dental Offices · $500K – $1M | 504 | 2 | — | $629K | Q2 2022 |
| Georgia · Wholesale Trade · $2M – $5M | 504 | 2 | — | $3.1M | Q2 2022 |
| California · Other Health Practitioners · $1M – $2M | 504 | 2 | — | $1.3M | Q1 2022 |
| California · Real Estate · $1M – $2M | 504 | 2 | — | $1.6M | Q2 2023 |
| California · Restaurants & Food Service · $1M – $2M | 504 | 2 | — | $1.4M | Q2 2023 |
| California · Manufacturing · $2M – $5M | 504 | 2 | — | $4.2M | Q2 2023 |
| California · Food & Beverage Stores · $500K – $1M | 504 | 2 | — | $806K | Q2 2023 |
| Texas · Physician & Dental Offices · $1M – $2M | 504 | 2 | — | $1.4M | Q3 2021 |
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Real experiences from borrowers who closed SBA loans with FIRST CITIZENS BANCSHARES INC.
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