First American Bank
Headquartered in Elk Grove Village, IL. Analysis based on 228 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $179.5M.
Total 7(a) loans
228
Total approved
$179.5M
Average loan
$787K
States funded in
11
Charge-off rate
0.00%
FY2020–FY2023 cohort
Paid-in-full rate
49.69%
Average rate
6.56%
Average term
102 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 424410 | General Line Grocery Merchant Wholesalers | 7 |
| 238330 | Flooring Contractors | 6 |
| 238210 | Electrical Contractors | 6 |
| 339950 | Sign Manufacturing | 6 |
| 237310 | Highway, Street, and Bridge Construction | 6 |
| 423810 | Construction and Mining (except Oil Well) Machinery and Equipment Merc | 5 |
| 423920 | Toy and Hobby Goods and Supplies Merchant Wholesalers | 5 |
| 236118 | Residential Remodelers | 5 |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 5 |
| 333249 | Other Industrial Machinery Manufacturing | 4 |
Top 10 states
| State | Loans |
|---|---|
| IL | 118 |
| FL | 40 |
| NM | 28 |
| WI | 26 |
| TX | 5 |
| NY | 3 |
| MO | 3 |
| IN | 2 |
| OH | 1 |
| AZ | 1 |
Top franchise brands financed
11 franchise loans across 8 distinct brands.
| Franchise | Loans |
|---|---|
| Servpro | 3 |
| Budget Blinds | 2 |
| Century 21 | 1 |
| Woof Gang Bakery and Grooming | 1 |
| Ace Hardware | 1 |
| Tea 2 Go | 1 |
| Hounds Town USA | 1 |
| Subway | 1 |
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Data source & methodology
All figures computed from the SBA Office of Capital Access FOIA dataset (7(a) loans, FY2020–present, as of 2025-12-31). Charge-off and paid-in-full rates are calculated on the FY2020–FY2023 cohort only, so loans have had time to mature. Charge-off rank covers lenders with ≥500 mature loans.