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.
WEAK
States where they've done deals. Wider = easier if you're out of state.
Total SBA Loans
87
2010–2025
Total Volume
$24M
Gross loan amounts
States Active
4
With recorded loans
Programs
7(a) & 504
87 total segments
Most active in Missouri (59% of deals) and focuses heavily on restaurants & food service (21% of deals).
With a median 7(a) spread of P + 2.75%, First Independent Bank prices well above the national median of P + 2.00% — worth comparing against specialists in your industry.
39% of First Independent Bank's SBA deals go to startups and new businesses — more startup-friendly than most SBA lenders, where existing businesses typically dominate.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 24 504 loans, which use fixed SBA debenture rates.
States where First Independent Bank has recorded SBA lending activity.
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Restaurants & Food Service
Accommodation & Food Services
Manufacturing
Manufacturing
Hotels & Accommodation
Accommodation & Food Services
Wholesale Trade
Wholesale Trade
Administrative & Waste Services
Administrative & Waste Services
Transportation & Warehousing
Transportation & Warehousing
Other Repair & Services
Other Services
Specialty Trade Contractors
Construction
+ 7 more
All recorded SBA lending activity for First Independent Bank, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Missouri · Restaurants & Food Service · Under $150K | 7(a) | 10 | P+2.75% | $60K | Q3 2023 |
| Missouri · Manufacturing · Under $150K | 7(a) | 7 | P+2.50% | $28K | Q2 2025 |
| Missouri · Wholesale Trade · Under $150K | 7(a) | 6 | P+2.50% | $57K | Q2 2024 |
| Missouri · Administrative & Waste Services · Under $150K | 7(a) | 5 | P+2.50% | $67K | Q3 2017 |
| Minnesota · Manufacturing · Under $150K | 7(a) | 4 | P+3.13% | $98K | Q2 2012 |
| Missouri · Transportation & Warehousing · Under $150K | 7(a) | 4 | P+4.13% | $54K | Q2 2017 |
| South Dakota · Hotels & Accommodation · $500K – $1M | 504 | 3 | — | $933K | Q1 2022 |
| Missouri · Agriculture & Forestry · $150K – $350K | 7(a) | 2 | P+2.00% | $350K | Q4 2021 |
| Missouri · Other Repair & Services · Under $150K | 7(a) | 2 | P+3.38% | $23K | Q4 2023 |
| Missouri · Specialty Trade Contractors · $150K – $350K | 7(a) | 2 | P+2.13% | $243K | Q4 2021 |
| Minnesota · Legal Services · $150K – $350K | 504 | 2 | — | $221K | Q3 2013 |
| Minnesota · Hotels & Accommodation · $500K – $1M | 504 | 2 | — | $614K | Q1 2024 |
| Missouri · Transportation & Warehousing · $150K – $350K | 7(a) | 2 | P+2.00% | $160K | Q2 2021 |
| Minnesota · Heavy & Civil Engineering · Under $150K | 7(a) | 2 | P+2.88% | $55K | Q2 2010 |
| Minnesota · Hotels & Accommodation · $2M – $5M | 504 | 2 | — | $2.4M | Q3 2025 |
| Missouri · Retail Trade · Under $150K | 7(a) | 1 | P+2.75% | $55K | Q2 2010 |
| Missouri · Retail Trade · $150K – $350K | 7(a) | 1 | P+2.75% | $285K | Q4 2009 |
| Ohio · Hotels & Accommodation · $1M – $2M | 504 | 1 | — | $1.7M | Q4 2017 |
| Minnesota · Administrative & Waste Services · $350K – $500K | 504 | 1 | — | $445K | Q3 2012 |
| Missouri · Other Repair & Services · $150K – $350K | 504 | 1 | — | $247K | Q2 2019 |
| Minnesota · Miscellaneous Retail · $350K – $500K | 504 | 1 | — | $390K | Q2 2024 |
| Minnesota · Miscellaneous Retail · $1M – $2M | 504 | 1 | — | $1.1M | Q2 2024 |
| Minnesota · Restaurants & Food Service · $500K – $1M | 504 | 1 | — | $545K | Q3 2024 |
| Minnesota · Other Repair & Services · $150K – $350K | 504 | 1 | — | $220K | Q2 2012 |
| Minnesota · Restaurants & Food Service · $350K – $500K | 504 | 1 | — | $370K | Q1 2017 |
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