First Business Bank
Headquartered in MADISON, WI. Analysis based on 270 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $314.5M.
Total 7(a) loans
270
Total approved
$314.5M
Average loan
$1.2M
States funded in
38
Charge-off rate
2.99%
FY2020–FY2023 cohort
Paid-in-full rate
35.33%
Average rate
8.42%
Average term
163 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 722513 | Limited-Service Restaurants | 21 |
| 713940 | Fitness and Recreational Sports Centers | 13 |
| 454110 | Electronic Shopping and Mail-Order Houses | 12 |
| 492110 | Couriers | 12 |
| 722515 | Snack and Nonalcoholic Beverage Bars | 12 |
| 722511 | Full-Service Restaurants | 11 |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 8 |
| 713990 | All Other Amusement and Recreation Industries | 7 |
| 238990 | All Other Specialty Trade Contractors | 5 |
| 812199 | Other Personal Care Services | 5 |
Top 10 states
| State | Loans |
|---|---|
| CA | 62 |
| FL | 32 |
| WI | 24 |
| TX | 22 |
| VA | 13 |
| WA | 11 |
| IL | 8 |
| NC | 7 |
| KS | 7 |
| MI | 6 |
Top franchise brands financed
70 franchise loans across 46 distinct brands.
| Franchise | Loans |
|---|---|
| Sky Zone Indoor Trampoline Par | 7 |
| Paris Banh Mi - Product Licens | 6 |
| Wild Birds Unlimited | 5 |
| American Family Care/AFC Urgen | 4 |
| Escapology | 3 |
| Orange Theory Fitness | 2 |
| Minuteman Press | 2 |
| The Salad House | 2 |
| Metal Supermarkets | 2 |
| ServiceMaster | 1 |
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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.