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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Data source: SBA 7(a) FOIA loan-level data, covering activity through June 30, 2026 across the trailing 3 years (67 loan records for this lender). Refreshed quarterly from public loan-level records; figures are not supplied or reviewed by the lender.
First Bank of the Lake ranks #37 of 564 SBA 7(a) lenders nationally by acquisition-loan volume.
Most of First Bank of the Lake’s 7(a) acquisition lending falls in the $0-$500K range: 26 loans, 38.8% of the portfolio.
| Loan size | Share of loans | Loans | % of portfolio |
|---|---|---|---|
| $0-$500K | 26 | 38.8% | |
| $500K-$1M | 16 | 23.9% | |
| $1M-$2M | 11 | 16.4% | |
| $2M-$3M | 3 | 4.5% | |
| $3M-$4M | 4 | 6.0% | |
| $4M-$5M | 7 | 10.4% |
Industries with highest loan volume
Beauty Salons
3
loans
$292K
avg. amount
Snack and Nonalcoholic Beverage Bars
3
loans
$2.9M
avg. amount
Insurance Agencies and Brokerages
3
loans
$1.0M
avg. amount
Child Care Services
2
loans
$1.8M
avg. amount
Beer, Wine, and Liquor Retailers
2
loans
$699K
avg. amount
All Other Specialty Trade Contractors
2
loans
$863K
avg. amount
Plumbing, Heating, and Air-Conditioning Contractors
2
loans
$2.6M
avg. amount
Landscaping Services
2
loans
$2.9M
avg. amount
Industrial Supplies Merchant Wholesalers
2
loans
$2.7M
avg. amount
Other Services to Buildings and Dwellings
2
loans
$904K
avg. amount
10-Year
1.8%
Percentile Ranking
87th
87th percentile
First Bank of the Lake’s median variable rate is + 2.25%, against a market median of Prime + 1.88%, 38 above market.
It priced below the market median in 0 of the last 8 quarters. 3 of the 67 loans in its trailing three-year book carried a fixed rate; the rest were variable.
| 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
| Quarter | This lender | Market median | Market range | Loans |
|---|---|---|---|---|
| Q4 '22 | Prime + 2.50% | Prime + 1.75% | Prime + 1.00% – Prime + 2.00% | 6 |
| Q2 '23 | Prime + 2.38% | Prime + 2.00% | Prime + 1.25% – Prime + 2.50% | 4 |
| Q3 '23 | Prime + 2.00% | Prime + 2.00% | Prime + 1.25% – Prime + 2.50% | 3 |
| Q1 '24 | Prime + 2.13% | Prime + 2.00% | Prime + 1.48% – Prime + 2.50% | 6 |
| Q4 '24 | Prime + 2.25% | Prime + 2.25% | Prime + 1.50% – Prime + 2.75% | 4 |
| Q3 '25 | Prime + 2.25% | Prime + 2.00% | Prime + 1.25% – Prime + 2.50% | 6 |
| Q4 '25 | Prime + 2.25% | Prime + 2.25% | Prime + 1.67% – Prime + 2.75% | 5 |
| Q1 '26 | Prime + 2.00% | Prime + 2.00% | Prime + 1.50% – Prime + 2.50% | 5 |
First Bank of the Lake has originated 7(a) acquisition loans in 25 states, most actively in Florida (10), California (10) and Colorado (6). Darker states on the map carry more volume.
| State | Loans | % of Total |
|---|---|---|
| Florida | 10 | 14.9% |
| California | 10 | 14.9% |
| Colorado | 6 | 9.0% |
| Texas | 6 | 9.0% |
| North Carolina | 3 | 4.5% |
| Arizona | 3 | 4.5% |
| Montana | 2 | 3.0% |
| Indiana | 2 | 3.0% |
| Illinois | 2 | 3.0% |
| Virginia | 2 | 3.0% |
| Massachusetts | 2 | 3.0% |
| Wisconsin | 2 | 3.0% |
| Georgia | 2 | 3.0% |
| Minnesota | 2 | 3.0% |
| Kansas | 2 | 3.0% |
| New York | 2 | 3.0% |
| District of Columbia | 1 | 1.5% |
| Missouri | 1 | 1.5% |
| Idaho | 1 | 1.5% |
| Tennessee | 1 | 1.5% |
| South Carolina | 1 | 1.5% |
| Connecticut | 1 | 1.5% |
| Ohio | 1 | 1.5% |
| Utah | 1 | 1.5% |
| Washington | 1 | 1.5% |