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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
expanding
As Of March 31, 2026
Median
$580K
Average
$1.2M
Sweet Spot
$0-$500K
Industries with highest loan volume
Drycleaning and Laundry Services (except Coin-Operated)
5
loans
$274K
avg. amount
Drycleaning and Laundry Services (except Coin-Operated)
Loans
5
Avg. Amount
$274K
Beauty Salons
5
loans
$299K
avg. amount
Beauty Salons
Loans
5
Avg. Amount
$299K
Pet Care (except Veterinary) Services
4
loans
$447K
avg. amount
Pet Care (except Veterinary) Services
Loans
4
Avg. Amount
$447K
Industrial Supplies Merchant Wholesalers
3
loans
$2.0M
avg. amount
Industrial Supplies Merchant Wholesalers
Loans
3
Avg. Amount
$2.0M
Other Personal Care Services
3
loans
$338K
avg. amount
Other Personal Care Services
Loans
3
Avg. Amount
$338K
Insurance Agencies and Brokerages
3
loans
$1.0M
avg. amount
Insurance Agencies and Brokerages
Loans
3
Avg. Amount
$1.0M
General Freight Trucking, Local
3
loans
$4.1M
avg. amount
General Freight Trucking, Local
Loans
3
Avg. Amount
$4.1M
Landscaping Services
3
loans
$3.6M
avg. amount
Landscaping Services
Loans
3
Avg. Amount
$3.6M
Roofing Contractors
3
loans
$562K
avg. amount
Roofing Contractors
Loans
3
Avg. Amount
$562K
Janitorial Services
3
loans
$158K
avg. amount
Janitorial Services
Loans
3
Avg. Amount
$158K
10-Year Default Rate
1.9%
Percentile Ranking
89th
89th percentile
This Lender
Market Average
| Loan Size | Avg Rate |
|---|---|
| $0-$500K | Prime + 2.53% |
| $500K-$1M | Prime + 2.26% |
| $1M-$2M | Prime + 2.32% |
| $2M-$3M | Prime + 2.13% |
| $3M-$4M | Prime + 2.06% |
| $4M-$5M | Prime + 1.80% |
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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