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Nationwide SBA preferred lender.
First Bank of the Lake specializes in SBA lending solutions including SBA 7(a) and 504 loans. Ranked among top 1% of most active SBA lenders nationally in 2023, offering competitive rates and business financing options.
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SBA 7(a) Acquisition Loan Data As Of March 31, 2026
Last 12 Months
Last 3 Years
YoY Growth
stable
As Of March 31, 2026
Median
$648K
Average
$1.2M
Sweet Spot
$0-$500K
Industries with highest loan volume
Beauty Salons
3
loans
$292K
avg. amount
Beauty Salons
3
loans
$292K
avg
Insurance Agencies and Brokerages
3
loans
$1.0M
avg. amount
Insurance Agencies and Brokerages
3
loans
$1.0M
avg
Drycleaning and Laundry Services (except Coin-Operated)
2
loans
$262K
avg. amount
Drycleaning and Laundry Services (except Coin-Operated)
2
loans
$262K
avg
Plumbing, Heating, and Air-Conditioning Contractors
2
loans
$2.6M
avg. amount
Plumbing, Heating, and Air-Conditioning Contractors
2
loans
$2.6M
avg
Landscaping Services
2
loans
$2.9M
avg. amount
Landscaping Services
2
loans
$2.9M
avg
Beer, Wine, and Liquor Retailers
2
loans
$699K
avg. amount
Beer, Wine, and Liquor Retailers
2
loans
$699K
avg
Snack and Nonalcoholic Beverage Bars
2
loans
$1.8M
avg. amount
Snack and Nonalcoholic Beverage Bars
2
loans
$1.8M
avg
Pet Care (except Veterinary) Services
2
loans
$367K
avg. amount
Pet Care (except Veterinary) Services
2
loans
$367K
avg
Industrial Supplies Merchant Wholesalers
2
loans
$2.7M
avg. amount
Industrial Supplies Merchant Wholesalers
2
loans
$2.7M
avg
Child Care Services
2
loans
$1.8M
avg. amount
Child Care Services
2
loans
$1.8M
avg
10-Year Default Rate
1.2%
Percentile Ranking
86th
86th percentile
| Loan Size | Avg Rate |
|---|---|
| $0-$500K | Prime + 2.54% |
| $500K-$1M | Prime + 2.23% |
| $1M-$2M | Prime + 2.38% |
| $2M-$3M | Prime + 2.13% |
| $3M-$4M | Prime + 2.17% |
| $4M-$5M | Prime + 2.00% |
Spread over Prime at time of loan origination
As Of March 31, 2026 - States by loan volume (darker blue = higher volume)