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.
WEAK
States where they've done deals. Wider = easier if you're out of state.
Total SBA Loans
239
2010–2026
Total Volume
$142M
Gross loan amounts
States Active
9
With recorded loans
Programs
7(a) & 504
239 total segments
First Resource Bank has a strong focus on existing businesses, with 61% of their deals serving this segment. This makes them a solid choice for established companies looking for financing.
With an average 7(a) spread of P+2.06%, First Resource Bank offers competitive pricing compared to the national median of P+2.75%. This could result in significant savings for borrowers.
First Resource Bank has a notable 23% share of 504 loans, which is higher than the national average. This indicates they are well-equipped to handle real estate-related financing needs.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 56 504 loans, which use fixed SBA debenture rates.
States where First Resource Bank has recorded SBA lending activity.
+ 4 more states
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Manufacturing
Manufacturing
Restaurants & Food Service
Accommodation & Food Services
Food & Beverage Stores
Retail Trade
Specialty Trade Contractors
Construction
Building Construction
Construction
Real Estate
Real Estate
Wholesale Trade
Wholesale Trade
Other Professional Services
Professional Services
+ 7 more
All recorded SBA lending activity for First Resource Bank, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Minnesota · Manufacturing · Under $150K | 7(a) | 11 | P+2.00% | $100K | Q4 2025 |
| Minnesota · Food & Beverage Stores · Under $150K | 7(a) | 6 | P+2.00% | $64K | Q2 2017 |
| Minnesota · Restaurants & Food Service · Under $150K | 7(a) | 6 | P+2.63% | $88K | Q1 2025 |
| Minnesota · Manufacturing · $500K – $1M | 7(a) | 5 | P+2.75% | $826K | Q1 2024 |
| Minnesota · Food & Beverage Stores · $150K – $350K | 7(a) | 5 | P+2.75% | $208K | Q3 2022 |
| Minnesota · Specialty Trade Contractors · Under $150K | 7(a) | 4 | P+1.88% | $113K | Q2 2025 |
| Minnesota · Real Estate · Under $150K | 7(a) | 4 | P+2.00% | $81K | Q2 2025 |
| Minnesota · Administrative & Waste Services · Under $150K | 7(a) | 4 | P+1.75% | $76K | Q4 2025 |
| Minnesota · Specialty Trade Contractors · $150K – $350K | 7(a) | 4 | P+2.63% | $284K | Q2 2025 |
| Minnesota · Manufacturing · $150K – $350K | 7(a) | 4 | P+1.75% | $239K | Q1 2024 |
| Minnesota · Other Professional Services · $150K – $350K | 7(a) | 4 | P+2.63% | $279K | Q4 2021 |
| Minnesota · Building Construction · $500K – $1M | 7(a) | 4 | P+1.75% | $976K | Q2 2025 |
| Minnesota · Other Health Practitioners · $150K – $350K | 504 | 3 | — | $287K | Q3 2022 |
| Minnesota · Restaurants & Food Service · $150K – $350K | 7(a) | 3 | P+2.25% | $260K | Q4 2022 |
| Minnesota · Real Estate · $150K – $350K | 7(a) | 3 | P+2.75% | $230K | Q4 2021 |
| Minnesota · Manufacturing · $2M – $5M | 7(a) | 3 | P+1.25% | $2.9M | Q3 2025 |
| Minnesota · Building Construction · Under $150K | 7(a) | 2 | P+2.63% | $125K | Q3 2023 |
| Minnesota · Wholesale Trade · $500K – $1M | 7(a) | 2 | P+1.75% | $1.0M | Q2 2025 |
| Minnesota · Engineering & Architecture · Under $150K | 7(a) | 2 | P+2.75% | $75K | Q3 2025 |
| Minnesota · Food & Beverage Stores · $2M – $5M | 7(a) | 2 | P+2.00% | $3.2M | Q4 2015 |
| Wisconsin · Auto Dealers & Parts · Under $150K | 7(a) | 2 | P+3.75% | $100K | Q3 2011 |
| Minnesota · Personal Care (Salons, Spas) · Under $150K | 504 | 2 | — | $76K | Q3 2013 |
| Minnesota · Transportation & Warehousing · Under $150K | 7(a) | 2 | P+3.50% | $108K | Q4 2017 |
| Minnesota · Management & IT Consulting · Under $150K | 7(a) | 2 | P+2.00% | $75K | Q1 2025 |
| Minnesota · Building Construction · $1M – $2M | 7(a) | 2 | P+1.75% | $1.5M | Q2 2025 |
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Real experiences from borrowers who closed SBA loans with First Resource Bank.
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