First National Bank approved 28 SBA loans worth $5.7M between October 2021 and June 2026, ranking #745 of 2,283 SBA lenders nationally by loan count. Its median loan was $76,550, and 36% went to startups or businesses under two years old. It lent in 3 states, most often in Minnesota, and its most financed industry was retail.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Minnesota | 18 | $2.3M | $67,500 | #70 |
| Iowa | 6 | $2.3M | $339,750 | #55 |
| Illinois | 4 | $1.1M | $270,000 | #158 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Retail | 7 | $70,000 | |
| Other services (repair, personal care) | 6 | $50,000 | |
| Wholesale trade | 5 | $75,000 | |
| Construction | 4 | $60,000 | |
| Education | 2 | $492,500 | |
| Agriculture, forestry and fishing | 1 | $515,000 | |
| Professional and technical services | 1 | $564,500 | |
| Restaurants and hotels | 1 | $78,100 | |
| Real estate and rental | 1 | $827,900 |