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SBA lender · 7(a) program
America First Federal Credit Union
America First Federal Credit Union has approved 1,747 SBA loans worth $1.46B since FY2010 - the #76 SBA lender in the country by dollars approved. Everything below comes from the SBA’s own loan-level records.
National rank
#76
0.29% of all SBA dollars
Total approved
$1.46B
FY2010 onward
Loans
1,747
Median loan
$457,400
+154% vs national
Median rate
6.25%
-0.50 pts vs national
Charge-off rate
2.5%
718 resolved FY10-19 loans
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
Reading the record
What America First Federal Credit Union’s numbers say
America First Federal Credit Union sits solidly inside the SBA lending field, having approved 1,747 loans for a gross total of $1.46B since fiscal 2010. Its median loan of $457,400 is substantially larger than the $180,000 national median, a pattern that usually signals a focus on real-estate-backed or acquisition deals rather than small working-capital notes.
The median initial note rate across its 7(a) approvals is 6.25%, 0.50 points below the national median of 6.75%. Rate medians drawn across fifteen years reflect the mix of loan sizes and vintages a lender wrote as much as its pricing posture - a lender that grew fastest during a high-rate stretch will look expensive here even if its spread was ordinary.
Of its FY2010-FY2019 approvals that have reached a terminal status, 2.5% were charged off, 5.0 points below the national figure of 7.6%. Read that as a description of the credit box a lender chose, not as a verdict on it: lenders serving newer businesses and thinner files will always show higher losses than those writing large, collateralised acquisition loans.
Roughly 47% of its approvals with a recorded business age went to startups or businesses two years old or less, against 27% nationally - a meaningfully greater appetite for startups than the average SBA lender.
Where America First Federal Credit Union lends
What it lends against
Franchise brands America First Federal Credit Union financed
| Franchise brand | Loans | Approved | Share |
|---|---|---|---|
| Nothing Bundt Cakes | 92 | $38.7M | |
| Primrose Schools | 56 | $131.1M | |
| The UPS Store | 9 | $3.3M | |
| Golden Corral | 8 | $19.9M | |
| Bruster's Real Ice Cream | 8 | $6.4M | |
| Bee Hive Homes | 6 | $11.1M | |
| Subway | 5 | $1.5M | |
| FiiZ Drinks | 5 | $1.4M |
Brands with the most America First Federal Credit Union SBA loans, among brands with at least 10 loans in the file. Compare lenders across all franchise lending on SBA lenders for franchises.
America First Federal Credit Union made 208 of these loans under the SBA Express programme, median $30,000. Compare SBA Express lenders.
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
A different SBA 7(a) lender
SmartBiz is a separate company from America First Federal Credit Union. An SBA 7(a) lender and marketplace for loans up to $500,000, plus bank term loans and custom financing. You apply on their site - we do not take applications and never see your information.
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Questions about America First Federal Credit Union
- How many SBA loans has America First Federal Credit Union approved?
- America First Federal Credit Union has approved 1,747 SBA loans totalling $1,456,537,200 in gross approvals from fiscal year 2010 through the most recent SBA data release. That places it #76 among all SBA lenders by dollars approved.
- What is the typical America First Federal Credit Union SBA loan size?
- The median gross approval is $457,400, with the middle 80% of loans falling between $35,000 and $2,212,500. The national median across all SBA lenders is $180,000.
- What interest rate does America First Federal Credit Union charge on SBA 7(a) loans?
- The median initial note rate on America First Federal Credit Union's 7(a) approvals is 6.25%, compared with a national median of 6.75%. This is a historical median across all approvals since FY2010, not a quote - SBA 7(a) rates are pegged to a base rate that moves, and your rate depends on loan size, term, and credit profile.
- What is America First Federal Credit Union's SBA loan charge-off rate?
- 2.5% of its FY2010-FY2019 approvals that have reached a terminal status were charged off, against a national figure of 7.6%. A charge-off rate reflects the borrowers a lender chose to underwrite as much as anything else, and is not a measure of service quality.
Where to go from here
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