Loading...
Loading...
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.
Have you worked with First Bank? Share your experience to help others.
Loading reviews...
SBA 7(a) Acquisition Loan Data As Of December 31, 2025
Last 12 Months
Last 3 Years
YoY Growth
contracting
As Of December 31, 2025
Median
$923K
Average
$1.2M
Sweet Spot
$500K-$1M
Industries with highest loan volume
Residential Remodelers
6
loans
$962K
avg. amount
Residential Remodelers
Loans
6
Avg. Amount
$962K
Landscaping Services
5
loans
$744K
avg. amount
Landscaping Services
Loans
5
Avg. Amount
$744K
Furniture Retailers
3
loans
$2.5M
avg. amount
Furniture Retailers
Loans
3
Avg. Amount
$2.5M
Couriers and Express Delivery Services
2
loans
$1.5M
avg. amount
Couriers and Express Delivery Services
Loans
2
Avg. Amount
$1.5M
Janitorial Services
2
loans
$1.0M
avg. amount
Janitorial Services
Loans
2
Avg. Amount
$1.0M
Vending Machine Operators
2
loans
$421K
avg. amount
Vending Machine Operators
Loans
2
Avg. Amount
$421K
Child Care Services
2
loans
$861K
avg. amount
Child Care Services
Loans
2
Avg. Amount
$861K
Pet Care (except Veterinary) Services
2
loans
$334K
avg. amount
Pet Care (except Veterinary) Services
Loans
2
Avg. Amount
$334K
Full-Service Restaurants
2
loans
$3.7M
avg. amount
Full-Service Restaurants
Loans
2
Avg. Amount
$3.7M
Gasoline Stations with Convenience Stores
2
loans
$1.6M
avg. amount
Gasoline Stations with Convenience Stores
Loans
2
Avg. Amount
$1.6M
10-Year Default Rate
3.6%
Percentile Ranking
94th
94th percentile
This Lender
Market Average
| Loan Size | Avg Rate |
|---|---|
| $0-$500K | Prime + 2.75% |
| $500K-$1M | Prime + 2.59% |
| $1M-$2M | Prime + 2.47% |
| $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 December 31, 2025 - States by loan volume (darker blue = higher volume)