SBA lender profile
First Resource Bank
First Resource Bank appears in the public SBA loan data with 197 funded 7(a) loans since FY2010, totaling $123.3M, an average of $626K per loan, and an estimated 2,963 jobs supported. Its SBA lending concentrates in Minnesota and the Manufacturing sector. Across its 7(a) loans, the charge-off rate is 3.0%. 23.9% 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 72
- Scale 70
- Activity 82
- Consistency 78
A relative profile signal from the public SBA record, not a prediction of approval or a guarantee.
Is First Resource Bank the right lender for you?
Lenders fund what they know. First Resource Bank's SBA lending concentrates in Minnesota (162 loans) and Manufacturing (30 loans), at an average loan of $626K. 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
- $811M
- Headquarters
- Exton, PA
- FDIC cert
- #57967
- Status
- Active
Where First Resource Bank lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Minnesota | 162 | $90.3M |
| Pennsylvania | 16 | $19.8M |
| New Jersey | 4 | $6.4M |
| California | 2 | $3.1M |
| Wisconsin | 8 | $2.4M |
| Colorado | 1 | $470K |
Metro areas where First Resource Bank funds
What First Resource Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Manufacturing | 30 | $25.5M |
| Construction | 27 | $19.8M |
| Retail Trade | 32 | $17.5M |
| Professional and Technical Services | 26 | $14.5M |
| Accommodation and Food Services | 17 | $13.7M |
| Wholesale Trade | 11 | $9.6M |
First Resource Bank SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 16 | $5.6M |
| 2011 | 9 | $1.5M |
| 2012 | 4 | $1.0M |
| 2013 | 2 | $438K |
| 2014 | 6 | $8.2M |
| 2015 | 6 | $6.7M |
| 2016 | 7 | $5.9M |
| 2017 | 14 | $5.3M |
| 2018 | 8 | $2.3M |
| 2019 | 1 | $450K |
| 2020 | 2 | $4.0M |
| 2021 | 5 | $825K |
| 2022 | 18 | $7.0M |
| 2023 | 17 | $9.5M |
| 2024 | 23 | $14.9M |
| 2025 | 40 | $33.3M |
| 2026 | 19 | $16.3M |
Related SBA lenders
Other lenders active in Minnesota or in Manufacturing.
Comparing lenders? See how to choose an SBA lender by track record.
First Resource Bank: frequently asked questions
Does First Resource Bank offer SBA loans?
Yes. First Resource Bank appears in the public SBA data with 197 funded SBA 7(a) loans totaling $123.3M.
How many SBA loans has First Resource Bank made?
First Resource Bank is associated with 197 SBA 7(a) loans totaling $123.3M in the public SBA data (as of 2026-03-31).
What is First Resource Bank's SBA charge-off rate?
About 3.0% of First Resource 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 Resource Bank do most of its SBA lending?
First Resource Bank's SBA lending in the data is most concentrated in Minnesota, and by industry in Manufacturing.
Is First Resource Bank an SBA Preferred Lender (PLP)?
The loan record shows First Resource Bank operating under PLP delegated authority: 47 of its 7(a) loans (23.9%) were processed through the Preferred Lenders Program, including 41 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 Resource Bank SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/first-resource-bank/
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