SBA lender profile
The First National Bank of Waterloo
The First National Bank of Waterloo appears in the public SBA loan data with 36 funded 7(a) loans totaling $3.0M, an average of $83K per loan, and an estimated 199 jobs supported. Its SBA lending concentrates in Illinois and the Other Services sector. Across all of its loans in the data, its charge-off rate is 2.8%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, as of 2026-03-31
Funded loans
36
Total volume
$3.0M
Average loan size
$83K
Charge-off rate
2.8%
Share of funded loans charged off
Jobs supported (reported)
199
Programs
7(a)
Where The First National Bank of Waterloo lends
Top states by funded SBA volume.
What The First National Bank of Waterloo funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Other Services | 5 | $771K |
| Manufacturing | 4 | $470K |
| Accommodation and Food Services | 3 | $430K |
| Arts, Entertainment, Recreation | 2 | $363K |
| Administrative and Support | 3 | $316K |
| Retail Trade | 5 | $280K |
The First National Bank of Waterloo SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2020 | 2 | $50K |
| 2021 | 7 | $648K |
| 2022 | 14 | $961K |
| 2023 | 10 | $905K |
| 2024 | 2 | $396K |
| 2025 | 1 | $25K |
Sources and disclaimer. All figures are computed from
the U.S. Small Business Administration's public FOIA 7(a) and 504 loan data (as of 2026-03-31),
as described in our methodology.
The charge-off rate is the share of The First National Bank of Waterloo's funded loans marked charged off across all of its
loans in the data; it is not a lifetime default rate. SBA Loan Index is not affiliated with the
SBA and is not a lender, broker, or financial advisor. This is general information, not advice.
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