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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
$968K
Average
$1.3M
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
Full-Service Restaurants
5
loans
$3.6M
avg. amount
Full-Service Restaurants
Loans
5
Avg. Amount
$3.6M
Pharmacies and Drug Retailers
5
loans
$968K
avg. amount
Pharmacies and Drug Retailers
Loans
5
Avg. Amount
$968K
All Other Specialty Trade Contractors
5
loans
$712K
avg. amount
All Other Specialty Trade Contractors
Loans
5
Avg. Amount
$712K
Wood Window and Door Manufacturing
5
loans
$1.4M
avg. amount
Wood Window and Door Manufacturing
Loans
5
Avg. Amount
$1.4M
Structural Steel and Precast Concrete Contractors
5
loans
$1.1M
avg. amount
Structural Steel and Precast Concrete Contractors
Loans
5
Avg. Amount
$1.1M
General Freight Trucking, Long-Distance, Truckload
4
loans
$2.2M
avg. amount
General Freight Trucking, Long-Distance, Truckload
Loans
4
Avg. Amount
$2.2M
Gasoline Stations with Convenience Stores
4
loans
$1.8M
avg. amount
Gasoline Stations with Convenience Stores
Loans
4
Avg. Amount
$1.8M
Exterminating and Pest Control Services
3
loans
$498K
avg. amount
Exterminating and Pest Control Services
Loans
3
Avg. Amount
$498K
10-Year Default Rate
2.9%
Percentile Ranking
92th
92th percentile
This Lender
Market Average
| Loan Size | Avg Rate |
|---|---|
| $0-$500K | Prime + 2.74% |
| $500K-$1M | Prime + 2.60% |
| $1M-$2M | Prime + 2.37% |
| $2M-$3M | Prime + 2.47% |
| $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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