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First American Bank is a privately held, full-service commercial bank headquartered in Elk Grove Village, Illinois. With over $7 billion in assets and 900+ employees, it operates as the largest privately held bank in Illinois with locations across Illinois, Wisconsin, and Florida. The bank provides comprehensive personal banking, business banking, wealth management, and lending solutions.
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SBA 7(a) Acquisition Loan Data As Of March 31, 2026
Last 12 Months
Last 3 Years
YoY Growth
low activity
As Of March 31, 2026
Median
$896K
Average
$1.4M
Sweet Spot
$0-$500K
Industries with highest loan volume
Commercial Printing (except Screen and Books)
1
loans
$2.5M
avg. amount
Commercial Printing (except Screen and Books)
1
loans
$2.5M
avg
Gift, Novelty, and Souvenir Retailers
1
loans
$791K
avg. amount
Gift, Novelty, and Souvenir Retailers
1
loans
$791K
avg
Poultry and Poultry Product Merchant Wholesalers
1
loans
$1.0M
avg. amount
Poultry and Poultry Product Merchant Wholesalers
1
loans
$1.0M
avg
Residential Remodelers
1
loans
$413K
avg. amount
Residential Remodelers
1
loans
$413K
avg
Roofing Contractors
1
loans
$3.6M
avg. amount
Roofing Contractors
1
loans
$3.6M
avg
Offices of Physical, Occupational and Speech Therapists, and Audiologists
1
loans
$468K
avg. amount
Offices of Physical, Occupational and Speech Therapists, and Audiologists
1
loans
$468K
avg
Flooring Contractors
1
loans
$280K
avg. amount
Flooring Contractors
1
loans
$280K
avg
Machine Shops
1
loans
$2.5M
avg. amount
Machine Shops
1
loans
$2.5M
avg
10-Year Default Rate
0.0%
Percentile Ranking
0th percentile
This Lender
Market Average
| Loan Size | Avg Rate |
|---|---|
| $0-$500K | Prime + 0.38% |
| $500K-$1M | Prime + 0.50% |
| $2M-$3M | Prime + 0.18% |
| $3M-$4M | Prime + 0.57% |
Spread over Prime at time of loan origination
As Of March 31, 2026 - States by loan volume (darker blue = higher volume)
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