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First Bank is the largest independent full-service community bank headquartered in North Carolina. Founded as Bank of Montgomery in Troy NC, operates 118 branches across three states offering comprehensive personal and business banking services.
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SBA 7(a) Acquisition Loan Data As Of March 31, 2026
Last 12 Months
Last 3 Years
YoY Growth
contracting
As Of March 31, 2026
Median
$944K
Average
$1.2M
Sweet Spot
$500K-$1M
Industries with highest loan volume
Residential Remodelers
6
loans
$962K
avg. amount
Residential Remodelers
6
loans
$962K
avg
Landscaping Services
5
loans
$744K
avg. amount
Landscaping Services
5
loans
$744K
avg
Furniture Retailers
3
loans
$2.5M
avg. amount
Furniture Retailers
3
loans
$2.5M
avg
Gasoline Stations with Convenience Stores
2
loans
$1.6M
avg. amount
Gasoline Stations with Convenience Stores
2
loans
$1.6M
avg
Couriers and Express Delivery Services
2
loans
$1.5M
avg. amount
Couriers and Express Delivery Services
2
loans
$1.5M
avg
Pet Care (except Veterinary) Services
2
loans
$334K
avg. amount
Pet Care (except Veterinary) Services
2
loans
$334K
avg
Janitorial Services
2
loans
$1.0M
avg. amount
Janitorial Services
2
loans
$1.0M
avg
Full-Service Restaurants
2
loans
$3.7M
avg. amount
Full-Service Restaurants
2
loans
$3.7M
avg
Child Care Services
2
loans
$861K
avg. amount
Child Care Services
2
loans
$861K
avg
Vending Machine Operators
2
loans
$421K
avg. amount
Vending Machine Operators
2
loans
$421K
avg
10-Year Default Rate
3.6%
Percentile Ranking
93th
93th percentile
| Loan Size | Avg Rate |
|---|---|
| $0-$500K | Prime + 2.77% |
| $500K-$1M | Prime + 2.59% |
| $1M-$2M | Prime + 2.45% |
| $2M-$3M | Prime + 2.45% |
| $3M-$4M | Prime + 2.50% |
| $4M-$5M | Prime + 1.50% |
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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