SBA lender · 7(a) program
First Federal Bank
First Federal Bank has approved 462 SBA loans worth $414.0M since FY2010 - the #226 SBA lender in the country by dollars approved. Everything below comes from the SBA’s own loan-level records.
National rank
#226
0.08% of all SBA dollars
Total approved
$414.0M
FY2010 onward
Loans
462
Median loan
$623,100
+246% vs national
Median rate
5.75%
-1.00 pts vs national
Charge-off rate
5.8%
259 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 First Federal Bank’s numbers say
First Federal Bank sits in the long tail of the SBA lending field, having approved 462 loans for a gross total of $414.0M since fiscal 2010. Its median loan of $623,100 is substantially larger than the $180,000 national median, which 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 5.75%, 1.00 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, 5.8% were charged off, 1.8 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 8% of its approvals went to businesses the SBA classified as new rather than existing, against 11% nationally.
Where First Federal Bank lends
| State | Loans | Share |
|---|---|---|
| Florida | 293 | |
| Georgia | 65 | |
| South Carolina | 31 | |
| North Carolina | 20 | |
| Texas | 9 | |
| Virginia | 8 | |
| New Jersey | 7 | |
| California | 7 |
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 First Federal Bank
- How many SBA loans has First Federal Bank approved?
- First Federal Bank has approved 462 SBA loans totalling $413,988,300 in gross approvals from fiscal year 2010 through the most recent SBA data release. That places it #226 among all SBA lenders by dollars approved.
- What is the typical First Federal Bank SBA loan size?
- The median gross approval is $623,100, with the middle 80% of loans falling between $177,500 and $1,950,000. The national median across all SBA lenders is $180,000.
- What interest rate does First Federal Bank charge on SBA 7(a) loans?
- The median initial note rate on First Federal Bank's 7(a) approvals is 5.75%, 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 First Federal Bank's SBA loan charge-off rate?
- 5.8% 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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