First Bank Liberty Tax SBA Loans in New York — 4 Funded
New York loan data 2017–2019 · Updated June 2026
First Bank has funded 4 SBA loans to Liberty Tax franchisees in New York, totaling $3.5M in approved financing across 3 cities and 4 congressional districts.
The average Liberty Tax loan in New York from First Bank is $876K at a 7.19% average interest rate, with terms averaging 66 months. The New York default rate is 100% based on 1 resolved loans — 57.1 points higher than First Bank's national Liberty Tax default rate of 42.9%. New York represents 23.5% of First Bank's total Liberty Tax lending nationally. These loans collectively support 123 New York jobs. SBA-guaranteed portion totals $2.6M (75% of approved volume).
How New York Compares to First Bank's National Liberty Tax Lending
Looking to fund a Liberty Tax franchise in New York?
First Bank is one of 4+ lenders who have funded Liberty Tax in New York. We can help you compare options and connect with lenders experienced in this brand and state — no retainers, referral fee at closing.
First Bank Liberty Tax Loan Performance in New York
Based on 4 SBA loans originated by First Bank for Liberty Tax franchisees with New York addresses, the New York-specific lending relationship spans 2017–2019.
The New York loan size range extends from $340K to $1.3M, indicating First Bank funds both smaller single-unit Liberty Tax operations and larger multi-unit or renovation projects in New York. Each loan supports an average of 31 jobs in the local economy, and the portfolio collectively supports 123 New York jobs. Most New York Liberty Tax loans from First Bank are classified under "Tax Preparation Services" (NAICS).
Recent activity: First Bank has originated 0 Liberty Tax New York loans in the last 2 fiscal years and 2 since fiscal year 2020. The most recent Liberty Tax New York approval recorded is from FY2020. Note: lack of recent activity may indicate First Bank has paused, slowed, or exited Liberty Tax New York lending — borrowers should verify current appetite directly.
SBA guarantee profile: The SBA-guaranteed portion of First Bank's Liberty Tax New York loans averages 75% of approved volume, totaling $2.6M in federally-backed exposure. 7(a) loans typically carry a 75-85% guarantee, so a higher percentage suggests a smaller-loan/SBA Express mix; lower suggests larger PLP deals where the lender retains more risk.
The 100% New York default rate is above the SBA portfolio average. This may reflect local market conditions, the specific New York cities funded, or the economic cycle when these loans originated. Prospective borrowers should compare this to other New York lenders who have funded Liberty Tax (shown below) and consider multiple options before committing.
SBA Programs Used for Liberty Tax Loans in New York
| Program | Loans | Avg Size | Avg Rate | Avg Term |
|---|---|---|---|---|
| SBA 7A | 4 | $876K | 7.19% | 66 mo |
Liberty Tax Loan Size Distribution from First Bank in New York
How First Bank's Liberty Tax New York loan sizes break down by deal size. Useful for sizing your own deal: where do most New York Liberty Tax approvals land?
| Loan Size Range | Loans | Avg Loan Size | % of New York Loans |
|---|---|---|---|
| $150K-$350K | 1 | $340K | 25% |
| $750K-$1.5M | 3 | $1.1M | 75% |
How First Bank Originates Liberty Tax Loans in New York
SBA delivery method matters: Preferred Lenders Program (PLP) closes 2-3 weeks faster than General Processing because the lender holds full credit authority. First Bank uses 1 different New York delivery methods for Liberty Tax:
| Delivery Method | Loans | Avg Loan Size |
|---|---|---|
| Preferred Lenders Program | 4 | $876K |
Where in New York First Bank Funds Liberty Tax Locations
| City | Loans | Avg Loan Size | Total Volume | Default Rate |
|---|---|---|---|---|
| Brooklyn | 2 | $835K | $1.7M | N/A |
| Bronx | 1 | $1.0M | $1.0M | 100% — High Risk |
| Uniondale | 1 | $808K | $808K | N/A |
First Bank's strongest Liberty Tax lending presence in New York is concentrated in Brooklyn (2 loans), Bronx (1 loans), Uniondale (1 loans).
First Bank Liberty Tax Lending in New York Over Time
| Year | Loans | Avg Size | Total Volume | Avg Rate |
|---|---|---|---|---|
| 2020 | 2 | $1.2M | $2.4M | 7.5% |
| 2018 | 1 | $808K | $808K | 7% |
| 2017 | 1 | $340K | $340K | 6.75% |
Other Lenders That Fund Liberty Tax in New York
First Bank is not the only lender funding Liberty Tax in New York. Compare 3 other banks who have originated Liberty Tax SBA loans to New York borrowers.
| Lender | New York Loans | Avg Size | Default Rate |
|---|---|---|---|
| First Bank (this page) | 4 | $876K | 100% — High Risk |
| High Point Federal Credit Union | 2 | $150K | 0% — Low Risk |
| JPMorgan Chase Bank, National Association | 2 | $125K | 0% — Low Risk |
| TD Bank, National Association | 2 | $29K | 0% — Low Risk |
First Bank Liberty Tax Lending in Other States
First Bank has also funded Liberty Tax franchisees in 1 other states. View state-specific data:
How to Get an SBA Loan for a Liberty Tax Franchise in New York
If you're considering a Liberty Tax franchise in New York and want to finance through First Bank or another SBA lender, here's what you need to know based on our analysis of 4 historical New York loans.
Verify Your Qualifications
Most SBA franchise loans require a 680+ credit score, 20-30% down payment, and relevant industry or management experience.Liberty Tax's franchise fee and total investment determine minimum capital requirements.
Compare New York Lenders
4 lenders have funded Liberty Tax in New York. Lenders with more local Liberty Tax experience typically close faster because they understand both the brand and the local market. Compare rates, default rates, and city coverage above.
Get Pre-Qualified
PeerSense matches New York borrowers with lenders who have a proven track record funding Liberty Tax in your state. No retainers — our referral fee is paid at closing. Get matched in 24 hours.
Expected loan terms based on New York historical data: The average Liberty Tax SBA loan from First Bank in New York is $876K with a 7.19% interest rate and a 66-month term.New York loan amounts range from $340K to $1.3M.
Ready to Fund Your Liberty Tax Franchise in New York?
We connect you with lenders who have already funded Liberty Tax in New York — so you can compare terms and close with confidence. No retainers. Referral fee paid at closing.