First Resource Bank approved 114 SBA loans worth $67.6M between October 2021 and June 2026, ranking #320 of 2,283 SBA lenders nationally by loan count. Its median loan was $300,000, and 19% went to startups or businesses under two years old. It lent in 8 states, most often in Minnesota, and its most financed industry was construction.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Minnesota | 100 | $60.5M | $300,000 | #20 |
| Wisconsin | 4 | $1.9M | $431,000 | #138 |
| Florida | 2 | $380K | $190,000 | #231 |
| California | 2 | $3.1M | $1,550,000 | #259 |
| Pennsylvania | 2 | $730K | $365,000 | #182 |
| North Carolina | 2 | $445K | $222,500 | #160 |
| Colorado | 1 | $470K | $470,000 | #234 |
| Washington | 1 | $50K | $50,000 | #185 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Construction | 22 | $450,000 | |
| Professional and technical services | 18 | $455,000 | |
| Manufacturing | 15 | $150,000 | |
| Retail | 15 | $300,000 | |
| Restaurants and hotels | 11 | $200,000 | |
| Wholesale trade | 10 | $662,000 | |
| Real estate and rental | 7 | $115,000 | |
| Administrative and support services | 4 | $230,000 | |
| Health care and social assistance | 3 | $965,000 | |
| Agriculture, forestry and fishing | 2 | $191,500 |