First National Bank of McGregor d/b/a TFNB Your Bank for Life approved 40 SBA loans worth $18.2M between October 2021 and June 2026, ranking #630 of 2,283 SBA lenders nationally by loan count. Its median loan was $249,900, and 60% went to startups or businesses under two years old. It lent in 2 states, most often in Texas, and its most financed industry was other services (repair, personal care).
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Texas | 39 | $18.0M | $288,800 | #94 |
| New Mexico | 1 | $202K | $201,600 | #111 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Other services (repair, personal care) | 7 | $450,000 | |
| Restaurants and hotels | 6 | $464,750 | |
| Administrative and support services | 4 | $138,250 | |
| Construction | 4 | $118,850 | |
| Arts, entertainment and recreation | 4 | $376,600 | |
| Manufacturing | 3 | $500,000 | |
| Health care and social assistance | 3 | $201,600 | |
| Retail | 3 | $150,000 | |
| Professional and technical services | 3 | $54,400 | |
| Education | 2 | $100,000 |