First Bank of the Lake
- Loans
- 49
- Approved
- $71M
- Median deal
- $651,400
- Median rate
- 9.75%
- Charged off
- 0.00%
#45 of 249 by loans, FY2025 to FY2026 Q3
gross approvals
national $709,300
national 9.25% at approval
107 FY2020-22 loans
Charge-off means SBA wrote the loan off as a loss. The rate covers the FY2020-22 approval cohort, not the window above, because recent loans have had less time to go bad, and is shown only for lenders with 100 or more cohort loans. Charge-off rates across all 31 lenders
Loans per fiscal year
FY2026 is partial: 13 loans approved through June 30, 2026.
| Fiscal year | Loans |
|---|---|
| FY2020 | 14 |
| FY2021 | 37 |
| FY2022 | 56 |
| FY2023 | 35 |
| FY2024 | 22 |
| FY2025 | 36 |
| FY2026 (partial year, through June 30, 2026) | 13 |
How they lend
Across 49 change-of-ownership loans, FY2025 to FY2026 Q3.
Acquisition share of their 7(a) lending
Acquisitions 213 (8.6%)Other purposes 2,259 (91.4%)
Their full 7(a) book since FY2020 is 2,472 loans. Every other figure on this page counts the 213 acquisition loans only.
Initial rate structure
Variable 97.96%Fixed 2.04%
- Middle half of rates
- 9.25% to 10.25%
- Typical margin over Prime
- Prime + 2.25% at approval (48 variable loans)
- Recent median rate
- 9.00% (n = 11, Jan 1 to Jun 30, 2026)
- Median term
- 120 months
- Collateral reported
- 100.00% of loans
- Sold on the secondary market
- 28.57% of loans
- Franchise loans
- 28.57% of loans
- Approval to first disbursement
- 31 days (n = 41)
Processing method
| Preferred Lenders Program | 89.80% | |
| SBA Express Program | 6.12% | |
| International Trade Loans | 4.08% |
SBA processing-method labels as they appear in the loan file, as shares of this lender’s window loans.
What they fund
Industries and deal sizes across 49 change-of-ownership loans, FY2025 to FY2026 Q3.
Top industries
| Retail Trade | 18.37% | |
| Health Care and Social Assistance | 16.33% | |
| Other Services (except Public Administration) | 14.29% | |
| Construction | 12.24% | |
| Accommodation and Food Services | 10.20% |
Deal size mix
Under $350K 22.45%$350K to $1M 32.65%$1M to $3.5M 32.65%$3.5M+ 12.24%
Sectors from each loan’s NAICS code; deal sizes from gross approval amounts. Window loans only.
Where they lend
Top states by this lender’s change-of-ownership loans, FY2025 to FY2026 Q3.
- Florida8 loans
- California5 loans
- Texas5 loans
- Massachusetts3 loans
- North Carolina3 loans
Grouped by ProjectState. State names link to the state lender pages where one exists.
Run a deal at these rates
The deal analyzer prices an acquisition with current SBA terms and shows whether the numbers cover the debt.
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Every 7(a) acquisition lender in the country, searchable and sortable, with loan counts, medians, and rates.
Browse all lendersSource: SBA 7(a) FOIA file, change-of-ownership loans for First Bank of the Lake. Window stats cover FY2025 to FY2026 Q3, as of June 30, 2026, and refresh with each quarterly cut. Rates and rate quartiles are the rates at approval. Website, headquarters, assets, founding year, and office count come from the FDIC BankFind Suite API and, for credit unions, the NCUA Credit Union Locator (public US government data). Methodology. See an error? Email us and we will correct it.