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First Bank
SOUTHERN PINES, NC · Active Lender · National rank #125
First Bank approved 68 SBA 7(a) loans in FY2025, ranking #125 nationally by loan volume, with its lending activity most concentrated in North Carolina, New Jersey, and South Carolina.
First Bank, headquartered in Southern Pines, NC, is an active participant in the SBA 7(a) loan program. According to FY2025 SBA 7(a) lender activity data, First Bank approved 68 SBA 7(a) loans totaling $70,307,600 in approved dollars, with $52,305,700 backed by SBA guaranty. The average loan size across these transactions was $1,033,935, placing First Bank at #125 in national ranking by SBA 7(a) loan volume for the fiscal year.
The bank's SBA lending activity is concentrated most heavily in North Carolina, where it recorded 39 loans, followed by New Jersey with 17 loans and South Carolina with 12 loans. Beyond these top three states, First Bank's SBA 7(a) lending footprint extends to additional states including Pennsylvania, Florida, California, New York, Ohio, Georgia, the District of Columbia, Iowa, Alabama, Texas, Massachusetts, and Colorado, indicating a lending presence that reaches well beyond its home state despite its regional headquarters location.
These figures reflect FY2025 SBA 7(a) lender activity data only and do not represent interest rates, loan terms, approval likelihood, or any other lending criteria. Borrowers seeking specifics about First Bank's SBA loan programs should contact the institution directly for current information not captured in this dataset.
Where First Bank lends
| State | Loans | Dollars |
|---|---|---|
| North Carolina | 39 | $46,433,400 |
| New Jersey | 17 | $14,377,600 |
| South Carolina | 12 | $7,570,000 |
| Pennsylvania | 7 | $6,325,000 |
| Florida | 7 | $5,984,000 |
| District of Columbia | 1 | $2,196,400 |
| California | 5 | $2,179,900 |
| Ohio | 2 | $2,102,600 |
| Iowa | 1 | $1,957,300 |
| Alabama | 1 | $1,858,000 |
| Texas | 1 | $1,721,000 |
| Massachusetts | 1 | $1,469,400 |
| Florida | 4 | $1,134,500 |
| New York | 4 | $1,050,000 |
| New York | 1 | $968,000 |
Questions people ask
Is First Bank an SBA lender?
Yes, First Bank participates in the SBA 7(a) loan program, according to FY2025 SBA lender activity data.
How many SBA 7(a) loans did First Bank approve in FY2025?
First Bank approved 68 SBA 7(a) loans in FY2025.
What was the total dollar amount of First Bank's approved SBA loans?
The total approved dollar amount was $70,307,600, with $52,305,700 covered by SBA guaranty.
What is First Bank's average SBA loan size?
The average SBA 7(a) loan size for First Bank in FY2025 was $1,033,935.
Where is First Bank most active for SBA lending?
First Bank's SBA lending is most concentrated in North Carolina (39 loans), New Jersey (17 loans), and South Carolina (12 loans).
Is First Bank a national or regional SBA lender?
First Bank appears to operate as a regional lender with a concentration in the Southeast, though its loans span multiple additional states.
How does First Bank rank by SBA loan volume nationally?
First Bank ranked #125 nationally by SBA 7(a) loan volume in FY2025.
Where is First Bank headquartered?
First Bank is headquartered in Southern Pines, North Carolina.
In how many states did First Bank make SBA loans?
According to the data provided, First Bank's SBA 7(a) loans reached 18 listed states.
Source: SBA 7(a) Lender Activity Report, FY2025 (data.sba.gov). GetFundedUSA is independent and not affiliated with First Bank; loan terms, rates and eligibility are set by the lender and the SBA, not GetFundedUSA.