First Resource Bank
First Resource Bank is a full-service financial institution serving small businesses, entrepreneurs, and individuals across the Twin Cities and surrounding areas. The bank provides responsive and honest client services with simple, creative lending and deposit solutions, emphasizing a team approach and community impact.
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Data source: SBA 7(a) FOIA loan-level data, covering activity through June 30, 2026 across the trailing 3 years (15 loan records for this lender). Refreshed quarterly from public loan-level records; figures are not supplied or reviewed by the lender.
First Resource Bank ranks #122 of 564 SBA 7(a) lenders nationally by acquisition-loan volume.
Most of First Resource Bank’s 7(a) acquisition lending falls in the $500K-$1M range: 6 loans, 40.0% of the portfolio.
| Loan size | Share of loans | Loans | % of portfolio |
|---|---|---|---|
| $0-$500K | 5 | 33.3% | |
| $500K-$1M | 6 | 40.0% | |
| $1M-$2M | 2 | 13.3% | |
| $2M-$3M | 2 | 13.3% |
Industries with highest loan volume
Offices of Certified Public Accountants
2
loans
$535K
avg. amount
Warm Air Heating and Air-Conditioning Equipment and Supplies Merchant Wholesalers
1
loans
$830K
avg. amount
Offices of Physical, Occupational and Speech Therapists, and Audiologists
1
loans
$965K
avg. amount
Window Treatment Retailers
1
loans
$2.9M
avg. amount
Other Waste Collection
1
loans
$473K
avg. amount
All Other Miscellaneous Schools and Instruction
1
loans
$3.0M
avg. amount
Full-Service Restaurants
1
loans
$630K
avg. amount
All Other Specialty Food Retailers
1
loans
$417K
avg. amount
Residential Remodelers
1
loans
$1.0M
avg. amount
Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers
1
loans
$1.5M
avg. amount
10-Year
0.0%
Percentile Ranking
0th percentile
First Resource Bank’s median variable rate is + 2.00%, against a market median of Prime + 1.88%, 13 above market.
This Lender
Market Average
| Loan Size | Avg Rate |
|---|---|
| $0-$500K | Prime + 2.13% |
| $500K-$1M | Prime + 1.61% |
| $1M-$2M | Prime + 0.88% |
| $2M-$3M | Prime + 2.00% |
First Resource Bank has originated 7(a) acquisition loans in 3 states, most actively in Minnesota (13), California (1) and Wisconsin (1). Darker states on the map carry more volume.
| State | Loans | % of Total |
|---|---|---|
| Minnesota | 13 | 86.7% |
| California | 1 | 6.7% |
| Wisconsin | 1 | 6.7% |
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