First Resource Bank
Headquartered in LINO LAKES, MN. Analysis based on 110 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $75.0M.
Total 7(a) loans
110
Total approved
$75.0M
Average loan
$681K
States funded in
9
Charge-off rate
0.00%
FY2020–FY2023 cohort
Paid-in-full rate
16.67%
Average rate
8.65%
Average term
128 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 236118 | Residential Remodelers | 8 |
| 722511 | Full-Service Restaurants | 5 |
| 327991 | Cut Stone and Stone Product Manufacturing | 4 |
| 238990 | All Other Specialty Trade Contractors | 4 |
| 423450 | Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesal | 4 |
| 532490 | Other Commercial and Industrial Machinery and Equipment Rental and Lea | 4 |
| 423910 | Sporting and Recreational Goods and Supplies Merchant Wholesalers | 3 |
| 332321 | Metal Window and Door Manufacturing | 3 |
| 722513 | Limited-Service Restaurants | 3 |
| 541211 | Offices of Certified Public Accountants | 3 |
Top 10 states
| State | Loans |
|---|---|
| MN | 96 |
| PA | 4 |
| WI | 2 |
| NJ | 2 |
| CA | 2 |
| DE | 1 |
| FL | 1 |
| WA | 1 |
| CO | 1 |
Top franchise brands financed
8 franchise loans across 6 distinct brands.
| Franchise | Loans |
|---|---|
| 1-Tom-Plumber | 2 |
| Sunbelt Business Brokers | 2 |
| Denny's | 1 |
| Superior Fence and Rail | 1 |
| Subway | 1 |
| CarePatrol | 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.