Is First Bank of the Lake a good SBA lender?

First Bank of the Lake has funded 2,277 SBA loans totaling $1.9B in volume across 52 states, with an average loan size of $821K. The lender's default rate is 255.00%. 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 of the Lake or one of 897+ alternatives based on closing probability + pricing.

What is the average SBA loan size at First Bank of the Lake?

The average SBA loan size at First Bank of the Lake is $821K, with a range from $15K to $5.0M. This profile suggests they are best suited for borrowers seeking larger institutional acquisitions and CRE deals.

What states does First Bank of the Lake lend in?

First Bank of the Lake actively lends across 52 states. Their highest-volume state is Texas. Other top states include California, Florida, Georgia. Borrower geography matters: a lender's state penetration affects underwriting familiarity, valuation comps, and turnaround speed.

Does First Bank of the Lake fund franchise loans?

Yes — First Bank of the Lake has funded SBA franchise loans across multiple brands. Their highest-volume franchise concept is The Learning Experience, followed by Gameday Men's Health/Gameday, Five Star Bath Solutions, Bricks & Minifigs. 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 of the Lake prefer?

First Bank of the Lake's highest-volume SBA industry by NAICS code is Limited-Service Restaurants. Other active sectors: Amusement & Recreation, Specialty Trade Contractors, Personal Care Services. 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 of the Lake?

PeerSense matches your specific SBA deal to First Bank of the Lake 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 VolumeLarge Loans

First Bank of the Lake

SBA lender based in Missouri serving 52 states and 80 industries

Quick Answer

First Bank of the Lake has funded 2,277 SBA loans across 52 states and 80 industries. Their average loan size is $821K. 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 of the Lake and 897+ alternatives based on closing probability + pricing.

Geographic Reach

52 States

National coverage

Industry Coverage

80 Industries

Diverse lending portfolio

Lending Activity

High Volume

Large Loans focus

Top Lending States

Texas#1

California#2

Florida#3

Georgia#4

North Carolina#5

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Industry Focus Areas

Limited-Service Restaurants

NAICS 722

Amusement & Recreation

NAICS 713

Specialty Trade Contractors

NAICS 238

Personal Care Services

NAICS 812

Administrative Support

NAICS 561

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Why borrowers choose First Bank of the Lake

First Bank of the Lake is best suited for borrowers seeking larger institutional acquisitions, CRE, and equipment-heavy deals, with an average SBA loan of $821K. The lender's deepest industry experience is in Limited-Service Restaurants, and their highest-volume state is Texas. With 2,277 SBA loans funded across 52 states, they are one of a small set of true national SBA lenders. Their portfolio default rate is 255.00%. If your deal profile aligns with their underwriting box, this lender is worth a quote — PeerSense matches your specific deal against First Bank of the Lake and 897+ alternatives.

Recent SBA Activity at First Bank of the Lake

Franchise lending: First Bank of the Lake has funded SBA loans for multiple franchise concepts, with the highest volume in The Learning Experience, Gameday Men's Health/Gameday, and Five Star Bath Solutions. 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, Amusement & Recreation, and Specialty Trade Contractors. Borrowers in these NAICS sectors typically see better terms and faster approvals.

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

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Compare First Bank of the Lake 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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1,464 loans$860K avg21 states

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About First Bank of the Lake SBA Lending

First Bank of the Lake 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 of the Lake serves borrowers across 52 states and 80 industry sectors, making it a national SBA lender with broad geographic coverage. To find out whether First Bank of the Lake 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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