First Bank SBA Loans (2027): Rates And Ranking
First Bank approved 67 SBA 7(a) loans worth $61.4M in FY2026, ranking #96 nationally by dollar volume. 8 of those loans financed business acquisitions.
Key Takeaways
- Headquartered in Southern Pines, NC; lent in 10+ states.
- North Carolina was its largest state at $23.5M.
- Its top industry was Media Streaming Distribution Services, Social Networks, and Other Media Networks and Content Providers.
- 11% of its SBA dollars financed acquisitions (national share 27%).
- Most loans went through the Preferred Lenders Program (49 loans).
Where First Bank Lends
Industries First Bank Funds
Does First Bank Finance Business Acquisitions?
First Bank closed 8 change of ownership loans in FY2026, averaging $841K.
Loan Sizes
Buying A Business?
We send your deal to First Bank and other SBA lenders that fit it, so they compete for your business. It is free to you.
First Bank SBA Lending Since 2020
FY2026 dollar volume was down 38.1% from FY2025, and the loan count was down 37.4%. Part of that drop is the calendar: SBA approved no 7(a) loans in October 2025 during the federal government shutdown (October 1 to November 12, 2025), so FY2026 covers about 11 months of lending.
Is First Bank Right For Your Deal?
First Bank's average SBA loan was $917K (median $567K), well above the national average, so it tends to fit larger deals.
Loans averaged 13.4 years in term and 100% were variable rate. 33% went to startups or businesses under two years old, and 7% to franchises.
Lenders ranked near First Bank nationally include FinWise Bank, Banner Bank, United FCU, First National Bank of Pennsylvania. Comparing two or three of them on the same deal is the best way to see real terms.
Questions About First Bank SBA Loans
How many SBA loans did First Bank make in 2026?
First Bank approved 67 SBA 7(a) loans totaling $61.4M in FY2026 (October 2025 to September 2026), ranking #96 nationally by dollar volume.
What rate does First Bank charge on SBA loans?
Its average initial rate was 9.22% (8.90% weighted by loan size), and 100% of its loans were variable. Your rate depends on loan size, term and credit.
Does First Bank do SBA loans to buy a business?
Yes. It closed 8 business acquisition loans in FY2026, averaging $841K.
Where does First Bank make SBA loans?
Its largest states were North Carolina, South Carolina, New York, New Jersey, Florida.
Does GoSBA Loans charge borrowers?
No. GoSBA Loans is 100% free to borrowers. We take your deal to the SBA lenders that fit it.
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About this data. Rankings use SBA 7(a) loan approvals from the SBA FOIA data set, fiscal year 2026 (October 1, 2025 to September 30, 2026), as published by SBA through September 30, 2026. Lenders are ranked by approved dollar volume. Rates are the initial rate at approval, a simple average across loans; most SBA 7(a) loans are variable and move with the Prime Rate. Business acquisition loans are those SBA marks as a change of ownership. GoSBA Loans is an SBA loan broker, not a lender, and is not affiliated with SBA.
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