STRONG
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.
GOOD
States where they've done deals. Wider = easier if you're out of state.
Total SBA Loans
543
2010–2025
Total Volume
$241M
Gross loan amounts
States Active
27
With recorded loans
Programs
7(a) & 504
541 total segments
First National Bank has a strong focus on 504 loans, making up 35% of their total SBA deals. This is significantly higher than the national average of about 18%, indicating they are well-suited for borrowers looking for real estate financing.
With an average 7(a) spread of P+2.14%, First National Bank offers competitive pricing compared to the national median of P+2.75%. This could lead to lower overall borrowing costs for your SBA loan.
The bank's growth trend is impressive, with a 130% year-over-year increase in SBA deals. This suggests they are actively expanding their lending capacity, which may 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 192 504 loans, which use fixed SBA debenture rates.
Top 15 of 27 states where First National 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
Auto Repair & Maintenance
Other Services
Hotels & Accommodation
Accommodation & Food Services
Building Construction
Construction
Wholesale Trade
Wholesale Trade
Agriculture & Forestry
Agriculture & Forestry
+ 7 more
All recorded SBA lending activity for First National Bank, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Minnesota · Wholesale Trade · Under $150K | 7(a) | 9 | P+2.75% | $90K | Q1 2025 |
| Colorado · Manufacturing · $500K – $1M | 7(a) | 7 | P+1.50% | $770K | Q1 2021 |
| South Dakota · Building Construction · Under $150K | 7(a) | 7 | P+1.00% | $108K | Q3 2022 |
| South Dakota · Building Construction · $150K – $350K | 7(a) | 6 | P+1.25% | $226K | Q2 2023 |
| Iowa · Gas Stations · Under $150K | 7(a) | 6 | P+0.38% | $70K | Q4 2021 |
| Minnesota · Restaurants & Food Service · Under $150K | 7(a) | 5 | P+2.75% | $83K | Q4 2024 |
| South Dakota · Agriculture & Forestry · Under $150K | 7(a) | 5 | P+2.25% | $124K | Q4 2021 |
| Maine · Restaurants & Food Service · Under $150K | 7(a) | 5 | P+1.75% | $79K | Q1 2022 |
| Minnesota · Auto Repair & Maintenance · Under $150K | 7(a) | 5 | P+1.77% | $41K | Q2 2025 |
| South Dakota · Restaurants & Food Service · $150K – $350K | 7(a) | 5 | P+2.25% | $308K | Q2 2021 |
| Indiana · Transportation & Warehousing · Under $150K | 7(a) | 5 | P+2.75% | $83K | Q4 2018 |
| Minnesota · Specialty Trade Contractors · Under $150K | 7(a) | 5 | P+2.75% | $57K | Q2 2025 |
| South Dakota · Auto Repair & Maintenance · $150K – $350K | 7(a) | 5 | P+2.75% | $240K | Q3 2021 |
| South Dakota · Hotels & Accommodation · $150K – $350K | 504 | 4 | — | $248K | Q3 2018 |
| South Dakota · Restaurants & Food Service · Under $150K | 7(a) | 4 | P+2.50% | $83K | Q2 2021 |
| South Dakota · Real Estate · $150K – $350K | 504 | 4 | — | $281K | Q1 2024 |
| Minnesota · Manufacturing · Under $150K | 7(a) | 4 | P+2.38% | $74K | Q4 2018 |
| Minnesota · Social Assistance · Under $150K | 7(a) | 4 | P+3.38% | $34K | Q4 2015 |
| South Dakota · Hotels & Accommodation · $500K – $1M | 504 | 4 | — | $635K | Q3 2018 |
| Minnesota · Retail Trade · Under $150K | 7(a) | 4 | P+4.88% | $35K | Q1 2014 |
| Indiana · Laundry & Dry Cleaning · Under $150K | 7(a) | 4 | P+2.75% | $69K | Q3 2018 |
| Indiana · Restaurants & Food Service · $150K – $350K | 7(a) | 4 | P+2.25% | $203K | Q3 2016 |
| Minnesota · Food & Beverage Stores · Under $150K | 7(a) | 4 | P+2.00% | $29K | Q3 2020 |
| Minnesota · Other Repair & Services · Under $150K | 7(a) | 3 | P+4.00% | $42K | Q2 2011 |
| Colorado · Heavy & Civil Engineering · Under $150K | 7(a) | 3 | P+2.25% | $116K | Q3 2019 |
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