SBA lender profile
First Bank
First Bank appears in the public SBA loan data with 1,906 funded 7(a) loans since FY2010, totaling $1.5B, an average of $787K per loan, and an estimated 31,651 jobs supported. Its SBA lending concentrates in North Carolina and the Accommodation and Food Services sector. Across its 7(a) loans, the charge-off rate is 3.5%. 61.2% of its 7(a) loans were processed under delegated PLP authority.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, FY2010–2026 (as of 2026-03-31)
- Track record 70
- Scale 96
- Activity 95
- Consistency 81
A relative profile signal from the public SBA record, not a prediction of approval or a guarantee.
Is First Bank the right lender for you?
Lenders fund what they know. First Bank's SBA lending concentrates in North Carolina (396 loans) and Accommodation and Food Services (352 loans), at an average loan of $787K. If your business does not look like that, a different SBA lender is likely the better fit.
See which SBA lenders fund businesses like yours →Ranked on the funded-loan record, not on who pays. Free, and your details go only to the lenders we match you to.
Bank profile
via FDIC- Total assets
- $363M
- Headquarters
- Chester, IL
- FDIC cert
- #1037
- Status
- Inactive
Where First Bank lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| North Carolina | 396 | $255.4M |
| California | 271 | $237.4M |
| New Jersey | 257 | $194.9M |
| Pennsylvania | 138 | $99.9M |
| Florida | 182 | $88.9M |
| Texas | 74 | $73.9M |
Metro areas where First Bank funds
What First Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Accommodation and Food Services | 352 | $342.4M |
| Retail Trade | 272 | $197.0M |
| Health Care and Social Assistance | 188 | $170.8M |
| Other Services | 186 | $153.1M |
| Construction | 178 | $121.1M |
| Manufacturing | 139 | $120.0M |
First Bank SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 33 | $6.4M |
| 2011 | 61 | $15.3M |
| 2012 | 46 | $13.4M |
| 2013 | 53 | $14.7M |
| 2014 | 41 | $12.5M |
| 2015 | 80 | $36.1M |
| 2016 | 69 | $46.6M |
| 2017 | 168 | $148.3M |
| 2018 | 348 | $353.4M |
| 2019 | 250 | $178.7M |
| 2020 | 177 | $146.1M |
| 2021 | 177 | $156.1M |
| 2022 | 84 | $77.3M |
| 2023 | 99 | $91.0M |
| 2024 | 96 | $90.0M |
| 2025 | 107 | $99.2M |
| 2026 | 17 | $15.0M |
Related SBA lenders
Other lenders active in North Carolina or in Accommodation and Food Services.
Comparing lenders? See how to choose an SBA lender by track record.
First Bank: frequently asked questions
Does First Bank offer SBA loans?
Yes. First Bank appears in the public SBA data with 1,906 funded SBA 7(a) loans totaling $1.5B.
How many SBA loans has First Bank made?
First Bank is associated with 1,906 SBA 7(a) loans totaling $1.5B in the public SBA data (as of 2026-03-31).
What is First Bank's SBA charge-off rate?
About 3.5% of First Bank's 7(a) loans in the data have been charged off. A lower rate is generally a better sign, but it is not a lifetime default rate; see our methodology for how it is calculated.
Where does First Bank do most of its SBA lending?
First Bank's SBA lending in the data is most concentrated in North Carolina, and by industry in Accommodation and Food Services.
Is First Bank an SBA Preferred Lender (PLP)?
The loan record shows First Bank operating under PLP delegated authority: 1,167 of its 7(a) loans (61.2%) were processed through the Preferred Lenders Program, including 151 in FY2024–2026. The SBA grants and renews PLP status and publishes no public roster, so this is the processing record, not a certification.
This page is the public view of your institution's SBA record: rank, trajectory, and market position, computed from the complete public 7(a)/504 dataset. The full competitive picture (your share against named competitors by state and industry, and the growing markets you're absent from) is available to your team.
Request your institution's benchmarking →Mario Bailey. (2026). First Bank SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/first-bank/
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