First Southwest Bank
First Southwest Bank is an SBA 7(a) lender that has approved 142 loans totaling $44.1M between FY2020 and Q1 FY2026 (2025-12-31), with a 2.24% charge-off rate on mature loans. Average loan size: $311K. Active in 4 states. Headquartered in ALAMOSA, CO.
Total 7(a) loans
142
Total approved
$44.1M
Average loan
$311K
States funded in
4
Charge-off rate
2.24%
FY2020–FY2023 cohort
Paid-in-full rate
35.82%
Average rate
5.52%
Average term
111 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 484110 | General Freight Trucking, Local | 14 |
| 484121 | General Freight Trucking, Long Distance, Truckload | 7 |
| 531130 | Lessors of Miniwarehouses and Self-Storage Units | 5 |
| 321918 | Other Millwork (including Flooring) | 4 |
| 236115 | New Single-Family Housing Construction (except Operative Builders) | 4 |
| 424490 | Other Grocery and Related Products Merchant Wholesalers | 3 |
| 811111 | General Automotive Repair | 3 |
| 713940 | Fitness and Recreational Sports Centers | 3 |
| 811192 | Car Washes | 3 |
| 213112 | Support Activities for Oil and Gas Operations | 3 |
Top 10 states
| State | Loans |
|---|---|
| CO | 129 |
| NM | 11 |
| CA | 1 |
| KS | 1 |
Top franchise brands financed
3 franchise loans across 2 distinct brands.
| Franchise | Loans |
|---|---|
| PuroClean | 2 |
| The UPS Store (f/k/a Mail Box | 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.