First Federal Bank
Headquartered in LAKE CITY, FL. Analysis based on 111 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $72.9M.
Total 7(a) loans
111
Total approved
$72.9M
Average loan
$657K
States funded in
4
Charge-off rate
0.00%
FY2020–FY2023 cohort
Paid-in-full rate
19.12%
Average rate
8.19%
Average term
192 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 722515 | Snack and Nonalcoholic Beverage Bars | 20 |
| 722513 | Limited-Service Restaurants | 6 |
| 722511 | Full-Service Restaurants | 5 |
| 713940 | Fitness and Recreational Sports Centers | 4 |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 4 |
| 541940 | Veterinary Services | 3 |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 3 |
| 621330 | Offices of Mental Health Practitioners (except Physicians) | 3 |
| 541810 | Advertising Agencies | 2 |
| 611620 | Sports and Recreation Instruction | 2 |
Top 10 states
| State | Loans |
|---|---|
| FL | 93 |
| SC | 12 |
| GA | 5 |
| NC | 1 |
Top franchise brands financed
36 franchise loans across 17 distinct brands.
| Franchise | Loans |
|---|---|
| ELLIANOS COFFEE COMPANY | 19 |
| Zaxby's | 2 |
| Parlor Doughnuts | 1 |
| Anytime Fitness | 1 |
| Fazoli's | 1 |
| LINE-X | 1 |
| True Value Company LLC - Membe | 1 |
| F45 Training | 1 |
| Little Caesars | 1 |
| Cousins Maine Lobster | 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.