Lenders › First Bank of the Lake
7(a) lenderOsage Beach, MissouriFDIC-insured bank23rd of 2,184 by approvals
First Bank of the Lake
SBA 7(a) loan approvals by fiscal year, where they went, how large they were, and how loans from earlier years turned out.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
First Bank of the Lake (Osage Beach, Missouri) is an FDIC-insured bank in the SBA 7(a) program, 23rd of 2,184 by approvals in FY2021 to FY2025: 2,083 loans worth $1.63bn.
In FY2025, the latest complete fiscal year, it had 643 approvals totalling $434M, down 9% on FY2024 (705). FY2026 to 30 Jun 2026 adds 345 more.
The median approval was $350K, against $190K for the 7(a) program as a whole; 29.6% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 52 states and territories and 542 counties, led by California (14.2%), Texas (13.7%) and Florida (10.7%). The largest industry group was construction at 15.0% of approvals, and 49.7% of approvals were to franchise businesses.
Of 224 disbursed loans approved in FY2010 to FY2021, SBA records 6 as charged off (2.7%), 110 as paid in full and 108 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is below it.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Loans appear under the lender they are assigned to today, so a lender's figures include loans it took over. Data through 30 Jun 2026.
Approvals by fiscal year
| Fiscal year | Approvals | Dollars approved | Median approval | Average approval | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 345 | $255M | $350K | $738K | 3,408 |
| FY2025 | 643 | $434M | $302K | $675K | 7,145 |
| FY2024 | 705 | $390M | $248K | $553K | 8,405 |
| FY2023 | 409 | $359M | $424K | $878K | 6,915 |
| FY2022 | 173 | $228M | $787K | $1.3M | 2,989 |
| FY2021 | 153 | $222M | $763K | $1.4M | 3,044 |
| FY2020 | 44 | $102M | $2.0M | $2.3M | 758 |
| FY2019 | 15 | $31.5M | $2.0M | $2.1M | 533 |
| FY2018 | 13 | $24.9M | $1.4M | $1.9M | 606 |
| FY2017 | 9 | $18.1M | $1.2M | $2.0M | 270 |
| FY2016 | 3 | $4.7M | $1.6M | $1.6M | 51 |
Approvals are counted in the year SBA approved them and include approvals later cancelled. In the five fiscal years before the current window (FY2016–FY2020) the lender had 84 approvals. First approval on file: FY2012.
How earlier loans turned out
Only loans approved at least five fiscal years ago (FY2010–FY2021) are counted, because newer loans have had little time to be paid in full or charged off. "Charged off" is SBA's status for a loan on which it has written off the remaining balance.
| Loans approved FY2010–FY2021 | This lender | California | 7(a) program |
|---|---|---|---|
| Approvals in these years | 245 | 79,249 | 639,905 |
| Cancelled or never disbursed | 21 | 10,102 | 79,313 |
| Disbursed loans | 224 | 69,147 | 560,592 |
| Paid in full | 110 | 52,688 | 435,813 |
| Charged off | 6 | 4,430 | 36,891 |
| Still outstanding (status exempt from disclosure) | 108 | 12,029 | 87,888 |
| Charged off, share of disbursed loans | 2.7% | 6.4% | 6.6% |
| Dollars charged off, share of disbursed dollars | 1.6% | 1.5% | 2.5% |
| Dollars charged off | $6.0M | $565M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 137 | 62 | 2 | 1.5% | 2.8% |
| FY2020 | 42 | 22 | 1 | 2.4% | 4.0% |
| FY2019 | 13 | 6 | 2 | — | 6.7% |
| FY2018 | 12 | 9 | 0 | — | 7.9% |
| FY2017 | 9 | 2 | 1 | — | 7.7% |
| FY2016 | 3 | 3 | 0 | — | 7.2% |
| FY2015 | 1 | 0 | 0 | — | 6.9% |
| FY2014 | 5 | 5 | 0 | — | 6.4% |
| FY2013 | 1 | 1 | 0 | — | 6.0% |
| FY2012 | 1 | 0 | 0 | — | 6.3% |
| FY2011 | 0 | 0 | 0 | — | 6.9% |
| FY2010 | 0 | 0 | 0 | — | 9.2% |
A share is shown only where at least 30 loans from that year were disbursed.
Against the 7(a) program
| FY2021–FY2025 | This lender | 7(a) program |
|---|---|---|
| Median approval | $350K | $190K |
| Average approval | $783K | $518K |
| Approvals of $150,000 or less | 29.6% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 62.7% | 34.3% |
| Approvals to franchise businesses | 49.7% | 11.5% |
| Jobs supported per approval, as reported | 13.7 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 2.7% | 6.6% |
States served
| # | State of the business (52 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | California | 295 | $218M | 14.2% | |
| 2 | Texas | 286 | $223M | 13.7% | |
| 3 | Florida | 222 | $201M | 10.7% | |
| 4 | New York | 97 | $87.5M | 4.7% | |
| 5 | Georgia | 91 | $62.0M | 4.4% | |
| 6 | North Carolina | 86 | $58.6M | 4.1% | |
| 7 | New Jersey | 72 | $51.5M | 3.5% | |
| 8 | Colorado | 62 | $40.6M | 3.0% | |
| 9 | Pennsylvania | 57 | $43.6M | 2.7% | |
| 10 | Virginia | 54 | $37.9M | 2.6% | |
| 11 | Illinois | 51 | $29.9M | 2.4% | |
| 12 | Arizona | 50 | $43.8M | 2.4% |
In California the lender accounts for 0.8% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (542 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Los Angeles County, CA | 66 | $49.5M | 3.2% | |
| 2 | Harris County, TX | 58 | $54.4M | 2.8% | |
| 3 | Maricopa County, AZ | 43 | $40.3M | 2.1% | |
| 4 | Riverside County, CA | 33 | $25.8M | 1.6% | |
| 5 | San Diego County, CA | 33 | $19.9M | 1.6% | |
| 6 | Orange County, CA | 28 | $17.8M | 1.3% | |
| 7 | Collin County, TX | 25 | $27.7M | 1.2% | |
| 8 | Santa Clara County, CA | 23 | $32.2M | 1.1% | |
| 9 | Travis County, TX | 23 | $12.4M | 1.1% | |
| 10 | Montgomery County, TX | 22 | $10.7M | 1.1% | |
| 11 | Clark County, NV | 21 | $14.8M | 1.0% | |
| 12 | Broward County, FL | 21 | $10.1M | 1.0% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 313 | 15.0% | |
| 2 | Health Care and Social Assistance | 276 | 13.3% | |
| 3 | Accommodation and Food Services | 254 | 12.2% | |
| 4 | Retail Trade | 233 | 11.2% | |
| 5 | Other Services (except Public Administration) | 219 | 10.5% | |
| 6 | Administrative and Support and Waste Management and Remediation Services | 170 | 8.2% | |
| 7 | Arts, Entertainment, and Recreation | 140 | 6.7% | |
| 8 | Professional, Scientific, and Technical Services | 132 | 6.3% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 238 | 11.4% | |
| 2 | Other Amusement and Recreation IndustriesNAICS 7139 | 134 | 6.4% | |
| 3 | Services to Buildings and DwellingsNAICS 5617 | 107 | 5.1% | |
| 4 | Child Day Care ServicesNAICS 6244 | 78 | 3.7% | |
| 5 | Offices of Other Health PractitionersNAICS 6213 | 73 | 3.5% | |
| 6 | Personal Care ServicesNAICS 8121 | 71 | 3.4% | |
| 7 | Automotive Repair and MaintenanceNAICS 8111 | 69 | 3.3% | |
| 8 | Other Personal ServicesNAICS 8129 | 65 | 3.1% | |
| 9 | Residential Building ConstructionNAICS 2361 | 65 | 3.1% | |
| 10 | Building Finishing ContractorsNAICS 2383 | 60 | 2.9% |
Approval sizes
- $50,000 or less5.0%105
- $50,001 to $150,00024.6%512
- $150,001 to $350,00021.7%452
- $350,001 to $1 million29.4%612
- $1 million to $2 million8.5%177
- Over $2 million10.8%225
Loan terms
- 5 years or less0.1%3
- Over 5 to 10 years67.1%1,398
- Over 10 to 20 years24.9%519
- Over 20 years7.8%163
Age of the businesses
- Existing, more than 2 years old28.3%590
- New business, 2 years or less10.8%224
- Startup, loan funds will open the business51.9%1,081
- Change of ownership8.9%186
- Not answered0.1%2
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 1,835 | 88.1% | |
| 2 | SBA Express Program | 203 | 9.7% | |
| 3 | 7a General | 32 | 1.5% | |
| 4 | International Trade Loans | 13 | 0.6% |
Franchise share
1,035 of 2,083 approvals in FY2021–FY2025 (49.7%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | The Learning Experience | 37 | 1.8% | |
| 2 | Gameday Men's Health | 18 | 0.9% | |
| 3 | Five Star Bath Solutions | 17 | 0.8% | |
| 4 | Hotworx | 16 | 0.8% | |
| 5 | Bricks & Minifigs | 16 | 0.8% | |
| 6 | Tint World | 14 | 0.7% | |
| 7 | Celebree School | 13 | 0.6% | |
| 8 | Eggs Up Grill | 13 | 0.6% |
Questions and answers
How many SBA loans does First Bank of the Lake make?
SBA approved 643 7(a) loans through First Bank of the Lake in FY2025, worth $434M, and 2,083 over FY2021 to FY2025. That ranks 23rd of 2,184 active 7(a) lenders by number of approvals.
How large are First Bank of the Lake's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $350K and the average $783K. The program-wide median was $190K.
What is First Bank of the Lake's charge-off rate?
Of 224 disbursed loans approved in FY2010 to FY2021, SBA records 6 as charged off (2.7%), 110 as paid in full and 108 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is below it. Loans are listed under the lender that holds them today, so the figure includes loans taken over from other lenders. Status is as recorded by SBA on 30 Jun 2026.
Which industries does First Bank of the Lake lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (238); other amusement and recreation industries (134); services to buildings and dwellings (107); child day care services (78).
Where does First Bank of the Lake make SBA loans?
In 52 states and territories. California 295, Texas 286, Florida 222, New York 97, Georgia 91. In California it accounts for 0.8% of all 7(a) approvals.
Is First Bank of the Lake's SBA lending rising?
Approvals in the three latest complete fiscal years total 1,757, against 370 in the three before: rising (+375%).
Where does this data come from?
From the Small Business Administration's 7(a) and 504 FOIA loan files, as of 30 Jun 2026. Borrower names and addresses in those files are discarded when the files are read and appear nowhere on this site.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error