Loading...
Loading...
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.
Have you worked with First Bank of the Lake? 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
stable
As Of December 31, 2025
Median
$692K
Average
$1.2M
Sweet Spot
$0-$500K
Industries with highest loan volume
Insurance Agencies and Brokerages
3
loans
$1.0M
avg. amount
Insurance Agencies and Brokerages
Loans
3
Avg. Amount
$1.0M
All Other Specialty Trade Contractors
2
loans
$863K
avg. amount
All Other Specialty Trade Contractors
Loans
2
Avg. Amount
$863K
Other Services to Buildings and Dwellings
2
loans
$904K
avg. amount
Other Services to Buildings and Dwellings
Loans
2
Avg. Amount
$904K
Beauty Salons
2
loans
$286K
avg. amount
Beauty Salons
Loans
2
Avg. Amount
$286K
Sign Manufacturing
2
loans
$1.1M
avg. amount
Sign Manufacturing
Loans
2
Avg. Amount
$1.1M
Industrial Supplies Merchant Wholesalers
2
loans
$2.7M
avg. amount
Industrial Supplies Merchant Wholesalers
Loans
2
Avg. Amount
$2.7M
Child Care Services
2
loans
$1.8M
avg. amount
Child Care Services
Loans
2
Avg. Amount
$1.8M
Drycleaning and Laundry Services (except Coin-Operated)
2
loans
$262K
avg. amount
Drycleaning and Laundry Services (except Coin-Operated)
Loans
2
Avg. Amount
$262K
Landscaping Services
2
loans
$2.9M
avg. amount
Landscaping Services
Loans
2
Avg. Amount
$2.9M
Pet Care (except Veterinary) Services
2
loans
$367K
avg. amount
Pet Care (except Veterinary) Services
Loans
2
Avg. Amount
$367K
10-Year Default Rate
1.3%
Percentile Ranking
86th
86th percentile
This Lender
Market Average
| Loan Size | Avg Rate |
|---|---|
| $0-$500K | Prime + 2.54% |
| $500K-$1M | Prime + 2.25% |
| $1M-$2M | Prime + 2.31% |
| $2M-$3M | Prime + 2.25% |
| $3M-$4M | Prime + 2.17% |
| $4M-$5M | Prime + 2.00% |
Spread over Prime at time of loan origination
As Of December 31, 2025 - States by loan volume (darker blue = higher volume)