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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7(a) Acquisition Loan Data As Of June 30, 2026
Last 12 Months
Last 3 Years
YoY Growth
expanding
As Of June 30, 2026
Median
$644K
Average
$1.3M
Sweet Spot
$0-$500K
Industries with highest loan volume
Beauty Salons
3
loans
$292K
avg. amount
Beauty Salons
3
loans
$292K
avg
Snack and Nonalcoholic Beverage Bars
3
loans
$2.9M
avg. amount
Snack and Nonalcoholic Beverage Bars
3
loans
$2.9M
avg
Insurance Agencies and Brokerages
3
loans
$1.0M
avg. amount
Insurance Agencies and Brokerages
3
loans
$1.0M
avg
Child Care Services
2
loans
$1.8M
avg. amount
Child Care Services
2
loans
$1.8M
avg
Beer, Wine, and Liquor Retailers
2
loans
$699K
avg. amount
Beer, Wine, and Liquor Retailers
2
loans
$699K
avg
All Other Specialty Trade Contractors
2
loans
$863K
avg. amount
All Other Specialty Trade Contractors
2
loans
$863K
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
Industrial Supplies Merchant Wholesalers
2
loans
$2.7M
avg. amount
Industrial Supplies Merchant Wholesalers
2
loans
$2.7M
avg
Other Services to Buildings and Dwellings
2
loans
$904K
avg. amount
Other Services to Buildings and Dwellings
2
loans
$904K
avg
10-Year
1.8%
Percentile Ranking
87th
87th percentile
| Loan Size | Avg Rate |
|---|---|
| $0-$500K | Prime + 2.53% |
| $500K-$1M | Prime + 2.22% |
| $1M-$2M | Prime + 2.33% |
| $2M-$3M | Prime + 2.13% |
| $3M-$4M | Prime + 2.13% |
| $4M-$5M | Prime + 2.21% |
over at time of loan origination
As Of June 30, 2026 - States by loan volume (darker blue = higher volume)