First Bank
Headquartered in SOUTHERN PINES, NC. Analysis based on 744 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $662.1M.
Risk ranking: Among 65 lenders with 500+ mature SBA 7(a) loans (FY2020–FY2023),
First Bank ranks #16 by charge-off rate (0.56%).
Total 7(a) loans
744
Total approved
$662.1M
Average loan
$890K
States funded in
42
Charge-off rate
0.56%
FY2020–FY2023 cohort
Paid-in-full rate
26.26%
Average rate
7.74%
Average term
166 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 722511 | Full-Service Restaurants | 35 |
| 561730 | Landscaping Services | 23 |
| 624410 | Child Day Care Services | 19 |
| 722513 | Limited-Service Restaurants | 18 |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 17 |
| 238990 | All Other Specialty Trade Contractors | 17 |
| 236118 | Residential Remodelers | 16 |
| 524210 | Insurance Agencies and Brokerages | 16 |
| 713940 | Fitness and Recreational Sports Centers | 15 |
| 561790 | Other Services to Buildings and Dwellings | 11 |
Top 10 states
| State | Loans |
|---|---|
| NC | 173 |
| CA | 133 |
| NJ | 69 |
| FL | 66 |
| SC | 38 |
| NY | 30 |
| GA | 25 |
| PA | 24 |
| TX | 21 |
| IA | 21 |
Top franchise brands financed
110 franchise loans across 67 distinct brands.
| Franchise | Loans |
|---|---|
| Budget Blinds | 18 |
| Servpro | 6 |
| Liberty Tax Service | 5 |
| Bee Hive Homes | 5 |
| 1-Tom-Plumber | 2 |
| Golden Corral | 2 |
| Kitchen Tune Up | 2 |
| Cold Stone Creamery | 2 |
| ALLSTATE HOME INSPECTION AND E | 2 |
| AdvantaClean | 2 |
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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.