First Citizens Bank
Headquartered in Mason City, IA. Analysis based on 58 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $9.9M.
Total 7(a) loans
58
Total approved
$9.9M
Average loan
$170K
States funded in
4
Charge-off rate
1.75%
FY2020–FY2023 cohort
Paid-in-full rate
54.39%
Average rate
5.43%
Average term
105 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 484110 | General Freight Trucking, Local | 8 |
| 722511 | Full-Service Restaurants | 4 |
| 221310 | Water Supply and Irrigation Systems | 2 |
| 333511 | Industrial Mold Manufacturing | 2 |
| 562991 | Septic Tank and Related Services | 2 |
| 812320 | Drycleaning and Laundry Services (except Coin-Operated) | 2 |
| 713940 | Fitness and Recreational Sports Centers | 2 |
| 441120 | Used Car Dealers | 2 |
| 484121 | General Freight Trucking, Long Distance, Truckload | 2 |
| 453998 | All Other Miscellaneous Store Retailers (except Tobacco Stores) | 2 |
Top 10 states
| State | Loans |
|---|---|
| MN | 40 |
| IA | 13 |
| AL | 4 |
| ND | 1 |
Top franchise brands financed
6 franchise loans across 4 distinct brands.
| Franchise | Loans |
|---|---|
| Subway | 2 |
| Tide Dry Cleaners | 2 |
| Any LabTest Now | 1 |
| Tailored Living | 1 |
Get matched with SBA lenders — free
Tell us a bit about your funding need. We'll connect you to SBA-preferred lenders active in your industry and state. No obligation.
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.