First American Bank (IL): SBA Lending Record

What SBA's own loan files show about First American Bank (IL) as an SBA lender, and how a lender's record bears on a feasibility study.

Across FY2017 to FY2026, First American Bank (IL) appears in SBA's records on 347 approved loans carrying $257.6 million in gross dollars. The $257.6 million for First American Bank (IL) counts approved dollars, not balances. First American Bank (IL) appears only under SBA 7(a), with 347 loans. Under SBA 504, First American Bank (IL) shows 0 loans. SBA records First American Bank (IL) as holder, now or earlier, of 347 loans. The guarantee is SBA's, never First American Bank (IL)'s. Every one of the 347 loans counts toward First American Bank (IL) because SBA shows it as holder. For First American Bank (IL), the split means SBA 7(a) only: 347 loans. Here, First American Bank (IL) means the holder SBA names. First American Bank (IL)'s 347 loans span FY2017 to FY2026 approvals.

First American Bank (IL): asset classes and states

First American Bank (IL) has one named class only: medical office, 6 loans. 321 loans credited to First American Bank (IL) sit outside every class we break out. First American Bank (IL)'s 347 loans extend past the classes above. First American Bank (IL) holds 6 in medical office. First American Bank (IL)'s states by loans: Illinois, 195 loans; Florida, 90 loans; Wisconsin, 44 loans. First American Bank (IL)'s sample for Illinois sites is 195 loans. First American Bank (IL)'s counts are a map only.

First American Bank (IL): outcome floors

4.8% of First American Bank (IL) approvals, FY2017 to FY2024, were cancelled. For First American Bank (IL), 4.8% is a floor. First American Bank (IL)'s floor stops at FY2024 approvals. First American Bank (IL) shows no ceiling. First American Bank (IL) falls under Loan Analytics' own rule. First American Bank (IL) has no charge-off rate here. For First American Bank (IL), under 30 loans means no rate. First American Bank (IL): its disbursed cohort is small. First American Bank (IL): a blank is not a zero.

First American Bank (IL): the study comes first

First American Bank (IL) holds 347 recorded loans, $257.6 million in all. At First American Bank (IL), demand comes first: who pays? For First American Bank (IL), cost is second; 347 loans do not replace a quote. For First American Bank (IL), third is debt service coverage. First American Bank (IL): 4.8% is a floor. At First American Bank (IL), the appraisal comes last: 347 loans cannot set your value. First American Bank (IL)'s record cannot settle cost. Here First American Bank (IL) is a holder, not a verdict. First American Bank (IL)'s 347 loans state nothing about its requirements. Ask First American Bank (IL) directly. Test first, then compare with First American Bank (IL)'s 347 loans. Ask First American Bank (IL) what a complete study contains.

SBA loans held by First American Bank (IL)

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 FY2026347
Gross dollars approved$257.6 million
SBA 7(a) loans347
SBA 504 loans0

Cancellation and charge-off

Cancelled after approval, FY2017 to FY2024 approvals (a floor)4.8%
The same, counting loans still undisbursed as cancelled (a ceiling)withheld
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 classLoans
Not in any of the 39 asset classes321
Medical office (physicians)6

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 areaLoans
Illinois195
Florida90
Wisconsin44
Indiana7

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-3657.

Loan Analytics prepares the feasibility study a lender reads before it commits: for a commercial project anywhere in the United States, financed under SBA 7(a), SBA 504, USDA Business and Industry or a conventional bank loan, by First American Bank (IL) or any other lender. Tell us the project and the lender's deadline, and we reply with scope, timeline and fee.

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