Is First State Bank a good SBA lender?

First State Bank has funded 768 SBA loans totaling $318.5M in volume across 23 states, with an average loan size of $415K. The lender's default rate is 1045.00%. 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 State Bank or one of 897+ alternatives based on closing probability + pricing.

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

The average SBA loan size at First State Bank is $415K, with a range from $281 to $5.0M. This profile suggests they are best suited for borrowers seeking mid-market business acquisitions and equipment financing.

What states does First State Bank lend in?

First State Bank actively lends across 23 states. Their highest-volume state is Texas. Other top states include Michigan, Oklahoma, Wisconsin. Borrower geography matters: a lender's state penetration affects underwriting familiarity, valuation comps, and turnaround speed.

Does First State Bank fund franchise loans?

Yes — First State Bank has funded SBA franchise loans across multiple brands. Their highest-volume franchise concept is Simple Simon's Pizza, followed by JET'S PIZZA, SIMPLE SIMON'S PIZZA, Wingstop. 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 State Bank prefer?

First State Bank's highest-volume SBA industry by NAICS code is Limited-Service Restaurants. Other active sectors: Administrative Support, Full-Service Restaurants, NAICS 457. 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 State Bank?

PeerSense matches your specific SBA deal to First State 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 LenderOklahomaActiveMid-Market

First State Bank

SBA lender based in Oklahoma serving 23 states and 73 industries

Quick Answer

First State Bank has funded 768 SBA loans across 23 states and 73 industries. Their average loan size is $415K. Whether they are the right SBA lender for your deal depends on size, industry, geography, and credit profile — PeerSense matches your deal against First State Bank and 897+ alternatives based on closing probability + pricing.

Geographic Reach

23 States

Regional focus

Industry Coverage

73 Industries

Diverse lending portfolio

Lending Activity

Active

Mid-Market focus

Top Lending States

Texas#1

Michigan#2

Oklahoma#3

Wisconsin#4

Mississippi#5

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Industry Focus Areas

Limited-Service Restaurants

NAICS 722

Administrative Support

NAICS 561

Full-Service Restaurants

NAICS 721

NAICS 457

Food & Beverage Stores

NAICS 445

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Why borrowers choose First State Bank

First State Bank is best suited for borrowers seeking mid-market business acquisitions and franchise build-outs, with an average SBA loan of $415K. The lender's deepest industry experience is in Limited-Service Restaurants, and their highest-volume state is Texas. With 768 SBA loans funded across 23 states, they operate as a regional specialist anchored in Oklahoma. Their portfolio default rate is 1045.00%. If your deal profile aligns with their underwriting box, this lender is worth a quote — PeerSense matches your specific deal against First State Bank and 897+ alternatives.

Recent SBA Activity at First State Bank

Franchise lending: First State Bank has funded SBA loans for multiple franchise concepts, with the highest volume in Simple Simon's Pizza, JET'S PIZZA, and SIMPLE SIMON'S PIZZA. 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, Administrative Support, and Full-Service Restaurants. Borrowers in these NAICS sectors typically see better terms and faster approvals.

Geographic concentration: Top markets are Texas, Michigan, Oklahoma, Wisconsin, and Mississippi. Lenders typically underwrite faster in states where they already have closing comps.

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Compare First State Bank to Similar SBA Lenders

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About First State Bank SBA Lending

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

First State Bank serves borrowers across 23 states and 73 industry sectors with a regional lending focus. To find out whether First State 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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