First Business Bank: SBA Lending Record

First Business Bank: what SBA records against it

First Business Bank is named in SBA's public file as holder, present or last, of 368 loans whose approvals fall between FY2017 and FY2026, worth $410.5 million in gross dollars. The entire set sits in 7(a), and the 504 column shows 0. That is SBA's account of the loans. It makes no judgement of the bank's methods.

Quick-service food and fitness lead the classed loans

Of the 368 loans, 230 belong to none of the asset classes we track. Among the classed ones, limited-service restaurant has 27 and fitness center 25, while full-service restaurant has 15, coffee shop and snack bar 13, medical office (physicians) 10 and assisted living (without nursing care) 6. A fitness study tests membership depth, the cost of fitting out a leased or owned building and how quickly dues cover the payment, while an assisted living study tests resident demand, staffing and licensing.

California, Wisconsin and Florida

California has 69 loans, Wisconsin 54 and Florida 36. Kansas has 27, Texas 25, Virginia 16 and Missouri 14. No single state dominates, and the list reaches well beyond the first three, so a borrower in many states could find a few loans on record. Presence in a state tells a borrower little about conditions in one metro area or one street.

A cancellation floor of 16.9% and equal charge-off measures

Of approvals dated FY2017 to FY2024, 16.9% ended in cancellation, which is a floor; the ceiling is not printed under Loan Analytics' own rule. Among the 133 loans disbursed in FY2017 to FY2021, 4.5% stand charged off to date (a floor) and 4.5% within five years of approval. The two charge-off figures are the same, which means the charge-offs in this small cohort all came inside five years. With 133 loans in the cohort, a handful of cases shifts the rate, and later loans are outside it.

Using the record beside a feasibility study

Treat the holder's file as an orientation: which trades and states it carries. The decision on a new request rests on the project. A feasibility study brings the demand evidence for the site, a budget built from local costs, a test of the loan payment against weaker revenue and an appraisal grounded in comparable sales or income. That package is what a credit reader examines, whichever institution a borrower approaches, and a count of past loans never stands in for it.