BankFirst Financial Services: SBA Lending Record
What SBA's own loan files show about BankFirst Financial Services as an SBA lender, and how a lender's record bears on a feasibility study.
SBA's record for BankFirst Financial Services
336 approved loans tie to BankFirst Financial Services in SBA's files, FY2017 to FY2026: $112.6 million gross. In SBA's file, BankFirst Financial Services sits in Mississippi. Every one of the 336 loans is a holding: BankFirst Financial Services holds or last held each, per SBA. 336 loans fall under SBA 7(a). BankFirst Financial Services has 0 under SBA 504. BankFirst Financial Services's range ends with complete FY2026. $112.6 million gross across 336 loans is the scale of BankFirst Financial Services's record. BankFirst Financial Services gives no guarantee on 336 loans; SBA does, and no policy appears.
232 loans among BankFirst Financial Services's 336 carry no named class. BankFirst Financial Services's class table reads: Full-service restaurant at 35; Limited-service restaurant, 18; Medical office (physicians) (12); Child care center, 11; Rehabilitation and therapy clinic at 6; Fitness center at 6; Automotive mechanical repair (car and truck), 5. Of 336 loans, 232 are unclassed and 35 are Full-service restaurant. BankFirst Financial Services's class lines cover part of 336. At BankFirst Financial Services, 18 Limited-service restaurant loans follow 35 Full-service restaurant.
BankFirst Financial Services: where the loans sit
BankFirst Financial Services shows these states: Mississippi, 186; Alabama (84); Louisiana, 39; Tennessee (20). Mississippi is also where SBA records BankFirst Financial Services, so the book starts at home. 186 of BankFirst Financial Services's 336 loans sit in Mississippi. BankFirst Financial Services's table maps 336 loans, no boundary for sites beyond Mississippi.
BankFirst Financial Services outcome floors
Among FY2017 to FY2024 approvals, 3.1% or more were cancelled, a floor. Ceiling 3.1%: the same as the floor. In the BankFirst Financial Services book, the loss rate is held back for loans disbursed from FY2017 to FY2021. Our own test stops it printing for cohorts of few loans. Treat it as unknown rather than zero; it is not estimated. BankFirst Financial Services's 3.1% floor means approval is not funding. BankFirst Financial Services: no rate, cash flow must hold. For BankFirst Financial Services, test one is site demand. For BankFirst Financial Services, test two is full project cost. For BankFirst Financial Services, test three is debt service coverage. At BankFirst Financial Services, test four is the appraisal.
BankFirst Financial Services's record shows a lender 336 loans and $112.6 million gross. BankFirst Financial Services's book gives a borrower 336 holdings, not terms. The 336 loans cannot show how BankFirst Financial Services would treat a request. 35 Full-service restaurant loans come first. BankFirst Financial Services's file ends at holdings. For BankFirst Financial Services, bring a self-standing study. Nothing beyond 336 loans appears for BankFirst Financial Services.
SBA loans held by BankFirst Financial Services
SBA guarantees these loans; the lender does not. The lender's name and every figure come from the U.S. Small Business Administration's public 7(a) and 504 FOIA file (data.sba.gov).
7(a) lender is the bank or lender the loan is currently assigned to (or last held it), as SBA records it; 504 lender is the Certified Development Company (CDC). 504 third-party (first-lien) lenders are free text with no identifier and are not credited.
| Loans approved, FY2017 to FY2026 | 336 |
|---|---|
| Gross dollars approved | $112.6 million |
| SBA 7(a) loans | 336 |
| SBA 504 loans | 0 |
Cancellation and charge-off
| Cancelled after approval, FY2017 to FY2024 approvals (a floor) | 3.1% |
|---|---|
| The same, counting loans still undisbursed as cancelled (a ceiling) | 3.1% |
| Charged off to date, FY2017 to FY2021 disbursed loans (a floor) | withheld |
Both rates are floors. SBA withholds the status of open loans, so a loan counts as charged off only once SBA reports it; a rate needs at least 30 loans in its cohort and is otherwise not reported.
Loans by asset class
| Asset class | Loans |
|---|---|
| Not in any of the 39 asset classes | 232 |
| Full-service restaurant | 35 |
| Limited-service restaurant | 18 |
| Medical office (physicians) | 12 |
| Child care center | 11 |
| Rehabilitation and therapy clinic | 6 |
| Fitness center | 6 |
| Automotive mechanical repair (car and truck) | 5 |
Classes with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.
Loans by project state
| State or area | Loans |
|---|---|
| Mississippi | 186 |
| Alabama | 84 |
| Louisiana | 39 |
| Tennessee | 20 |
States with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.
A value marked withheld rests on fewer than 5 loans, or is withheld so that such a figure cannot be derived from other published figures.
Source: U.S. Small Business Administration, 7(a) and 504 loan-level FOIA files (data.sba.gov), as of 2026-09-30; Loan Analytics lender cell LP-fdic-8870.
Related feasibility study pages
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