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
571
2010–2026
Total Volume
$449M
Gross loan amounts
States Active
23
With recorded loans
Programs
7(a) & 504
570 total segments
First Citizens Bank has a significant focus on 504 loans, making up 66% of their total SBA deals. This is much higher than the national average of about 18%. If you're looking for financing for real estate or equipment, this lender is a strong option.
With an average 7(a) spread of P+1.91%, First Citizens Bank offers competitive pricing compared to the national median of P+2.75%. This could lead to lower overall costs for your loan.
The lender has seen a significant decline in activity, with a -61% year-over-year drop in deals. This trend may impact their willingness to lend, so it’s crucial to prepare a strong application to improve your chances of approval.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 378 504 loans, which use fixed SBA debenture rates.
Top 15 of 23 states where FIRST CITIZENS BANK has recorded SBA lending activity.
+ 10 more states
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Manufacturing
Manufacturing
Physician & Dental Offices
Health Care & Social Assistance
Specialty Trade Contractors
Construction
Transportation & Warehousing
Transportation & Warehousing
Restaurants & Food Service
Accommodation & Food Services
Other Health Practitioners
Health Care & Social Assistance
Administrative & Waste Services
Administrative & Waste Services
Wholesale Trade
Wholesale Trade
+ 7 more
All recorded SBA lending activity for FIRST CITIZENS BANK, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Minnesota · Transportation & Warehousing · Under $150K | 7(a) | 18 | P+2.13% | $71K | Q4 2022 |
| California · Physician & Dental Offices · $1M – $2M | 504 | 13 | — | $1.5M | Q3 2024 |
| Minnesota · Restaurants & Food Service · Under $150K | 7(a) | 11 | P+2.25% | $57K | Q2 2021 |
| California · Physician & Dental Offices · $500K – $1M | 504 | 10 | — | $647K | Q2 2024 |
| California · Specialty Trade Contractors · $500K – $1M | 504 | 10 | — | $759K | Q1 2025 |
| California · Manufacturing · $1M – $2M | 504 | 10 | — | $1.3M | Q1 2024 |
| California · Manufacturing · $500K – $1M | 504 | 8 | — | $712K | Q3 2024 |
| Minnesota · Retail Trade · Under $150K | 7(a) | 7 | P+2.25% | $67K | Q1 2022 |
| Minnesota · Agriculture & Forestry · Under $150K | 7(a) | 7 | P+2.00% | $67K | Q1 2022 |
| California · Wholesale Trade · $1M – $2M | 504 | 7 | — | $1.3M | Q1 2024 |
| Minnesota · Administrative & Waste Services · Under $150K | 7(a) | 6 | P+3.63% | $71K | Q2 2021 |
| California · Auto Repair & Maintenance · $500K – $1M | 504 | 6 | — | $730K | Q2 2024 |
| California · Legal Services · $500K – $1M | 504 | 6 | — | $795K | Q1 2025 |
| California · Other Health Practitioners · $500K – $1M | 504 | 6 | — | $857K | Q2 2024 |
| California · Physician & Dental Offices · $350K – $500K | 504 | 6 | — | $380K | Q4 2023 |
| California · Administrative & Waste Services · $500K – $1M | 504 | 6 | — | $697K | Q3 2025 |
| California · Manufacturing · $2M – $5M | 504 | 5 | — | $4.2M | Q1 2024 |
| Minnesota · Specialty Trade Contractors · $150K – $350K | 7(a) | 5 | P+3.25% | $280K | Q3 2019 |
| Iowa · Building Construction · Under $150K | 7(a) | 5 | P+1.25% | $107K | Q2 2022 |
| Minnesota · Other Health Practitioners · Under $150K | 7(a) | 5 | P+2.70% | $48K | Q3 2019 |
| California · Physician & Dental Offices · $2M – $5M | 504 | 5 | — | $3.2M | Q4 2022 |
| California · Other Professional Services · $1M – $2M | 504 | 4 | — | $1.3M | Q3 2022 |
| California · Wholesale Trade · $2M – $5M | 504 | 4 | — | $3.0M | Q2 2024 |
| California · Real Estate · $1M – $2M | 504 | 4 | — | $1.3M | Q1 2022 |
| California · Other Health Practitioners · $350K – $500K | 504 | 4 | — | $390K | Q4 2023 |
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