First Bank of the Lake SBA Loans – Rates, States & Industries

First Bank of the Lake SBA 7(a) loan profile. $392.8M funded, 575 loans at 10.70% avg rate. See top states, industries & how to apply.

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First Bank of the Lake

National Rank by SBA 7(a) Loan Volume (2025)

$392.8M
Total Volume

575
Loans Funded

$683K
Avg Loan Size

10.70%
Avg Interest Rate

About First Bank of the Lake

In 2025, First Bank of the Lake funded $392.8M in SBA 7(a) loans across 575 businesses nationwide, making them the #16 SBA lender in the United States by loan volume.

๐Ÿ’ก Key Insight: First Bank of the Lake’s average loan size is $683K at an average rate of 10.70%. Working with an SBA loan broker can help you access this lender and potentially negotiate better terms.

Loan Types Funded by First Bank of the Lake

Here’s how First Bank of the Lake distributes their SBA loans across different business types:

๐Ÿš€ Startups
62%
$250.4M โ€ข 355 loans

๐Ÿข Existing Businesses
34%
$112.5M โ€ข 194 loans

๐Ÿ”„ Acquisitions
5%
$29.9M โ€ข 26 loans

Top States for First Bank of the Lake (2025)

Here are the states where First Bank of the Lake has the highest SBA lending activity:

RankStateVolumeLoansAvg Size
1 Texas$53.6M62$865K
2 Florida$44.1M74$596K
3 New York$29.1M35$832K
4 California$25.5M49$521K
5 Georgia$23.0M29$795K
6 Washington$17.6M13$1.4M
7 North Carolina$13.6M22$617K
8 Virginia$12.4M18$690K
9 Arizona$11.5M14$823K
10 Missouri$10.9M10$1.1M
11 Tennessee$10.3M19$542K
12 New Jersey$10.2M17$598K
13 Mississippi$9.6M9$1.1M
14 Pennsylvania$8.4M16$528K
15 Ohio$8.1M8$1.0M

Top Industries Funded by First Bank of the Lake

First Bank of the Lake funds SBA loans across many industries. Here are the sectors where they’re most active:

RankIndustryVolumeLoans
1 Child Day Care Services$28.6M19
2 Limited-Service Restaurants$19.4M22
3 All Other Amusement and Recreation Industries$17.3M14
4 Fitness and Recreational Sports Centers$16.5M25
5 Snack and Nonalcoholic Beverage Bars$15.6M21
6 Electrical Contractors$14.1M8
7 Residential Remodelers$13.7M30
8 Pet Care (except Veterinary) Services$12.4M17
9 All Other Specialty Trade Contractors$7.9M13
10 Engineering Services$6.8M3
11 General Automotive Repair$6.3M6
12 Roofing Contractors$6.0M4
13 Janitorial Services$5.9M24
14 Glass and Glazing Contractors$5.9M4
15 Commercial and Institutional Building Construction$5.7M4

Top Cities for First Bank of the Lake

Pasadena, Tx

$10.0M
Volume

2
Loans

Forsyth, Ga

$7.8M
Volume

2
Loans

Austin, Tx

$7.0M
Volume

6
Loans

Philadelphia, Pa

$5.8M
Volume

3
Loans

Sumner, Wa

$5.0M
Volume

1
Loans

Holbrook, Ny

$5.0M
Volume

1
Loans

Lehigh Acres, Fl

$5.0M
Volume

2
Loans

Gibsonton, Fl

$5.0M
Volume

1
Loans

Middletown, Ny

$5.0M
Volume

1
Loans

Lincoln, Ca

$5.0M
Volume

1
Loans

๐Ÿค How to Get a Loan from First Bank of the Lake

Many top SBA lenders, including First Bank of the Lake, work primarily through approved SBA loan brokers. This is good news for borrowers:

  • Better Match: Get matched with the right lender for your situation
  • Negotiating Power: Broker relationships can result in better rates
  • Time Savings: One application goes to multiple lenders
  • Expert Guidance: Maximize your approval chances

GoSBA Loans works directly with First Bank of the Lake and can help you access their loan programs. Our service is completely free to borrowers.

๐Ÿ“ž Get Matched with First Bank of the Lake

Ready to apply for an SBA loan through First Bank of the Lake? Our team can help you get matched with the right lender and program for your business.

Looking for other SBA lenders? GoSBA Loans works with 75+ SBA lenders nationwide. Contact us to get matched with the best lender for your specific business needs.

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