Is First Bank a good SBA lender?

First Bank has funded 5,693 SBA loans totaling $2.7B in volume across 50 states, with an average loan size of $482K. The lender's default rate is 1349.00%. Whether they are the right fit depends on your deal profile — loan size, industry, geography, and borrower credit. PeerSense matches your specific deal to First Bank or one of 897+ alternatives based on closing probability + pricing.

What is the average SBA loan size at First Bank?

The average SBA loan size at First Bank is $482K, with a range from $15 to $5.0M. This profile suggests they are best suited for borrowers seeking mid-market business acquisitions and equipment financing.

What states does First Bank lend in?

First Bank actively lends across 50 states. Their highest-volume state is Texas. Other top states include California, North Carolina, Florida. Borrower geography matters: a lender's state penetration affects underwriting familiarity, valuation comps, and turnaround speed.

Does First Bank fund franchise loans?

Yes — First Bank has funded SBA franchise loans across multiple brands. Their highest-volume franchise concept is SPORTS CLIPS, followed by CICI'S PIZZA, Budget Blinds, CHRISTIAN BROTHERS AUTOMOTIVE. Lender-franchise familiarity matters: lenders that have closed multiple loans for a brand know the FDD inside-out, which speeds underwriting + reduces re-trade risk.

What industries does First Bank prefer?

First Bank's highest-volume SBA industry by NAICS code is Limited-Service Restaurants. Other active sectors: Personal Care Services, Amusement & Recreation, Full-Service Restaurants. Borrower industry matters: matching your deal to a lender with strong recent volume in your NAICS reduces underwriting friction and improves close-rate odds.

How does PeerSense match deals to First Bank?

PeerSense matches your specific SBA deal to First Bank based on five factors: deal size vs lender's average + range, your industry vs lender's NAICS history, your state vs lender's geographic penetration, your franchise brand (if applicable) vs lender's brand history, and your credit + experience profile vs lender's known underwriting box. We don't sell leads — we curate fit. No retainer; lender pays referral fee at closing.

SBA LenderMissouriHigh VolumeMid-Market

First Bank

SBA lender based in Missouri serving 50 states and 92 industries

Quick Answer

First Bank has funded 5,693 SBA loans across 50 states and 92 industries. Their average loan size is $482K. Whether they are the right SBA lender for your deal depends on size, industry, geography, and credit profile — PeerSense matches your deal against First Bank and 897+ alternatives based on closing probability + pricing.

Geographic Reach

50 States

National coverage

Industry Coverage

92 Industries

Diverse lending portfolio

Lending Activity

High Volume

Mid-Market focus

Top Lending States

Texas#1

California#2

North Carolina#3

Florida#4

Georgia#5

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Industry Focus Areas

Limited-Service Restaurants

NAICS 722

Personal Care Services

NAICS 812

Amusement & Recreation

NAICS 713

Full-Service Restaurants

Why borrowers choose First Bank

First Bank is best suited for borrowers seeking mid-market business acquisitions and franchise build-outs, with an average SBA loan of $482K. The lender's deepest industry experience is in Limited-Service Restaurants, and their highest-volume state is Texas. With 5,693 SBA loans funded across 50 states, they are one of a small set of true national SBA lenders. Their portfolio default rate is 1349.00%. If your deal profile aligns with their underwriting box, this lender is worth a quote — PeerSense matches your specific deal against First Bank and 897+ alternatives.

Recent SBA Activity at First Bank

Franchise lending: First Bank has funded SBA loans for multiple franchise concepts, with the highest volume in SPORTS CLIPS, CICI'S PIZZA, and Budget Blinds. Lender-franchise familiarity reduces underwriting friction: brands the lender already knows clear faster and re-trade less.

Industry concentration: The lender's highest-volume SBA industries are Limited-Service Restaurants, Personal Care Services, and Amusement & Recreation. Borrowers in these NAICS sectors typically see better terms and faster approvals.

Geographic concentration: Top markets are Texas, California, North Carolina, Florida, and Georgia. Lenders typically underwrite faster in states where they already have closing comps.

SBA Loan Programs Best SBA Franchise Lenders SBA Loan Calculator

Compare First Bank to Similar SBA Lenders

Other SBA lenders headquartered in Missouri with similar deal-size profiles. Borrowers should always compare 3–5 lenders before committing.

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Enterprise Bank & Trust

6,013 loans$888K avg44 states

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6,003 loans$332K avg32 states

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The Central Trust Bank

2,784 loans$194K avg21 states

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First Bank of the Lake

2,277 loans$821K avg52 states

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OakStar Bank

1,529 loans$596K avg17 states

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About First Bank SBA Lending

First Bank is an SBA lender headquartered in Missouri. PeerSense tracks this lender's SBA lending activity, including approval trends, geographic coverage, and industry specializations.

First Bank serves borrowers across 50 states and 92 industry sectors, making it a national SBA lender with broad geographic coverage. To find out whether First Bank is a good fit for your specific deal, reach out to PeerSense for a free lender match.

PeerSense maintains detailed performance data on hundreds of SBA lenders to help borrowers and brokers identify the right capital source. Rather than spending weeks researching lenders on your own, book a free call and let our team match you with lenders who have a proven track record in your industry and geography.

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