1st Financial Bank USA
Headquartered in DAKOTA DUNES, SD. Analysis based on 87 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $169.6M.
Total 7(a) loans
87
Total approved
$169.6M
Average loan
$1.9M
States funded in
24
Charge-off rate
2.70%
FY2020–FY2023 cohort
Paid-in-full rate
8.11%
Average rate
9.47%
Average term
59 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 236115 | New Single-Family Housing Construction (except Operative Builders) | 79 |
| 236117 | New Housing Operative Builders | 3 |
| 236118 | Residential Remodelers | 3 |
| 236220 | Commercial and Institutional Building Construction | 1 |
| 722515 | Snack and Nonalcoholic Beverage Bars | 1 |
Top 10 states
| State | Loans |
|---|---|
| FL | 20 |
| NC | 10 |
| TX | 9 |
| CO | 5 |
| IN | 4 |
| SC | 4 |
| MI | 4 |
| OH | 4 |
| AZ | 3 |
| UT | 3 |
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Data source & methodology
All figures computed from the SBA Office of Capital Access FOIA dataset (7(a) loans, FY2020–present, as of 2025-12-31). Charge-off and paid-in-full rates are calculated on the FY2020–FY2023 cohort only, so loans have had time to mature. Charge-off rank covers lenders with ≥500 mature loans.