Lender · SBA 7(a) record
1st Financial Bank USA
SD · lends in 22 states · 76 SBA loans since 2010, 67 in the last five years.
How fast they approve. 1st Financial Bank USA made 0% of its recent 7(a) loans under Preferred Lender (PLP) authority and 1% through SBA Express; the remainder went through the SBA's general review. Ask whether your specific loan would be delegated or sent to the SBA. Why approval speed comes down to the lender.
What stands out about 1st Financial Bank USA
vs every other SBA lenderIt leans into one industry. 99% of 1st Financial Bank USA's loans go to residential remodelers — roughly 21× the share you would expect, so it clearly knows that business.
1st Financial Bank USA writes big loans. Its median loan is $1.1M — against about $347k for the typical SBA lender. This is a lender for sizeable deals, not small working-capital requests.
This read is built from 67 funded 7(a) loans over the last five fiscal years.
Will they talk to you?
loan sizes fundedEffectively nothing under $150,000 in five years. If you need a smaller loan this lender is a dead end, and knowing that now saves you three weeks.
Do they fund businesses like yours?
last 5 yearsA lender who already knows your industry asks better questions and closes faster. One who doesn't will treat your file as an education.
Not enough seasoned history to judge
Too few of this lender's loans are old enough to say anything useful.
What rate people got
median markup over primeThe median borrower here paid prime + 2.20%. Compare that against what you have been quoted — the markup is the negotiable part, and most borrowers never try.
Their loans, year by year
cumulative % of dollars charged offNot enough history yet to build a triangle.
Each row is one year's lending. Read down a column to compare years at the same age — that is the only fair comparison, because losses take three to five years to appear and a fast-growing lender always looks clean on a raw average.
What this page cannot tell you
Federal records show what was approved, not how long it took, how the bank communicated, or whether your loan officer returned calls. Ask any lender directly: are you a preferred lender, how many deals like mine did you close last year, and who underwrites it.
Check your eligibility first → Decode what they say to you →
Lenders worth comparing against this one
Picked for writing loans of a similar size in similar places.
Common questions
What is the smallest SBA loan 1st Financial Bank USA will make?
Its practical minimum — the 5th percentile of what it has actually funded — is about $500,000, and the typical (median) 1st Financial Bank USA loan is $1,125,000. If your loan is well below its practical minimum, it is unlikely to be interested however strong your file.
What interest rate do 1st Financial Bank USA SBA borrowers get?
On variable-rate loans, recent 1st Financial Bank USA borrowers paid a median of prime + 2.20%. The markup over prime is the negotiable part of any SBA quote. Check a rate you have been quoted.
What states does 1st Financial Bank USA lend in?
Most of 1st Financial Bank USA's recent SBA lending is concentrated in Florida, North Carolina, Texas, among 20 states in total. Compare lenders by state.