SBA lender · 7(a) program
BankFirst Financial Services
BankFirst Financial Services has approved 351 SBA loans worth $120.5M since FY2010 - the #485 SBA lender in the country by dollars approved. Everything below comes from the SBA’s own loan-level records.
National rank
#485
0.02% of all SBA dollars
Total approved
$120.5M
FY2010 onward
Loans
351
Median loan
$183,200
+2% vs national
Median rate
7.50%
+0.75 pts vs national
Charge-off rate
-
Cohort too small
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 BankFirst Financial Services’s numbers say
BankFirst Financial Services sits in the long tail of the SBA lending field, having approved 351 loans for a gross total of $120.5M since fiscal 2010. Its median loan of $183,200 is close to the $180,000 national median.
The median initial note rate across its 7(a) approvals is 7.50%, 0.75 points above 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.
Roughly 18% of its approvals went to businesses the SBA classified as new rather than existing, against 11% nationally.
Where BankFirst Financial Services lends
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.
Questions about BankFirst Financial Services
- How many SBA loans has BankFirst Financial Services approved?
- BankFirst Financial Services has approved 351 SBA loans totalling $120,495,100 in gross approvals from fiscal year 2010 through the most recent SBA data release. That places it #485 among all SBA lenders by dollars approved.
- What is the typical BankFirst Financial Services SBA loan size?
- The median gross approval is $183,200, with the middle 80% of loans falling between $25,000 and $910,200. The national median across all SBA lenders is $180,000.
- What interest rate does BankFirst Financial Services charge on SBA 7(a) loans?
- The median initial note rate on BankFirst Financial Services's 7(a) approvals is 7.50%, 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.
Where to go from here
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