Is First Bank Richmond a good SBA lender?

First Bank Richmond has funded 46 SBA loans totaling $30.8M in volume across 4 states, with an average loan size of $670K. 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 Richmond or one of 897+ alternatives based on closing probability + pricing.

What is the average SBA loan size at First Bank Richmond?

The average SBA loan size at First Bank Richmond is $670K, with a range from $26K to $3.8M. This profile suggests they are best suited for borrowers seeking larger institutional acquisitions and CRE deals.

What states does First Bank Richmond lend in?

First Bank Richmond actively lends across 4 states. Their highest-volume state is Indiana. Other top states include Arkansas, Ohio. Borrower geography matters: a lender's state penetration affects underwriting familiarity, valuation comps, and turnaround speed.

Does First Bank Richmond fund franchise loans?

Yes, First Bank Richmond has funded SBA franchise loans across multiple brands. Their highest-volume franchise concept is Little Caesars, followed by LEE'S FAMOUS RECIPE (RESTAURAN, Ace Hardware, LeafSpring School. 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 Richmond prefer?

First Bank Richmond's highest-volume SBA industry by NAICS code is Limited-Service Restaurants. Other active sectors: Repair & Maintenance, Educational 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 Richmond?

PeerSense matches your specific SBA deal to First Bank Richmond 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. Lender pays referral fee at closing.

SBA LenderIndianaLarger-Loan Profile

First Bank Richmond

SBA lender based in Indiana serving 4 states and 19 industries

Quick Answer

Is First Bank Richmond the right SBA lender for your deal?

SBA loans funded

States served

Industries

$670K

Avg loan size

First Bank Richmond has funded 46 SBA loans across 4 states and 19 industries. Their average loan size is $670K. 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 Richmond and 897+ alternatives based on closing probability + pricing.

Geographic Reach

4states

Regional focus

Industry Coverage

19industries

Diverse lending portfolio

Average SBA Loan

$670K

Larger-Loan deal focus

Geographic Footprint

Top Lending States

Indiana

Arkansas

Ohio

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Underwriting Depth

Industry Focus Areas

Limited-Service Restaurants

Fit Assessment

Why borrowers choose First Bank Richmond

First Bank Richmond is best suited for borrowers seeking larger institutional acquisitions, CRE, and equipment-heavy deals, with an average SBA loan of $670K. The lender's deepest industry experience is in Limited-Service Restaurants, and their highest-volume state is Indiana. With 46 SBA loans funded across 4 states, they operate as a regional specialist anchored in Indiana. If your deal profile aligns with their underwriting box, this lender is worth a quote. PeerSense matches your specific deal against First Bank Richmond and 897+ alternatives.

Track Record

Recent SBA Activity at First Bank Richmond

Franchise lending: First Bank Richmond has funded SBA loans for multiple franchise concepts, with the highest volume in Little Caesars, LEE'S FAMOUS RECIPE (RESTAURAN, and Ace Hardware. 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, Repair & Maintenance, and Educational Services. Borrowers in these NAICS sectors typically see better terms and faster approvals.

Geographic concentration: Top markets are Indiana, Arkansas, and Ohio. Lenders typically underwrite faster in states where they already have closing comps.

SBA Loan Programs Best SBA Franchise Lenders SBA Loan Calculator

Peer Comparison

Compare First Bank Richmond to Similar SBA Lenders

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Lender Reference

About First Bank Richmond SBA Lending

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

First Bank Richmond serves borrowers across 4 states and 19 industry sectors with a regional lending focus. To find out whether First Bank Richmond 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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See Related Rates by Program

PeerSense covers the full commercial capital stack. Indicative levels that lenders in our network have been pricing across these programs, as of August 1, 2026.

CMBS Conduit

5.60–7.10%

10-yr non-recourse fixed, $5M–$500M+, fully assumable

See current rates

Bridge Loans

9.00–14.00%

12–36 mo transitional, SOFR + 470-970 bps, 65-75% LTV

See current rates

DSCR Investor

5.95–8.50%

30-yr fixed rental, qualifies on property cash flow

See current rates

Equipment Financing

5.50–12.00%

Loan, lease, SBA 504, vendor, captive. Section 179 eligible

See current rates

Hotel Financing

5.85–11.75%

CMBS + SBA 504 + bridge + PIP across all flags

See current rates

Private Credit

7.80–18.00%

Non-bank flexibility, unitranche, recap, transitional

See current rates

Invoice Factoring + ABL

0.5–3.5% / 30d

B2B receivables, trucking / staffing / construction / govt

See current rates

No-Doc CRE

7.50–11.50%

Limited-doc commercial, asset-based underwriting

See current rates

Foreign National

7.50–11.00%

Non-US borrower CRE + bridge, no SSN required

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Indicative only, as of August 1, 2026. Not a quote, commitment or offer of credit. Final pricing, leverage and terms are determined by the lender at underwriting, after full transaction materials are reviewed. PeerSense does not lend and does not set pricing. What these terms mean.