Lenders › First-Citizens Bank & Trust Company
7(a) lenderRaleigh, North CarolinaFDIC-insured bank73rd of 2,184 by approvals
First-Citizens Bank & Trust Company
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-Citizens Bank & Trust Company (Raleigh, North Carolina) is an FDIC-insured bank in the SBA 7(a) program, 73rd of 2,184 by approvals in FY2021 to FY2025: 540 loans worth $562M.
In FY2025, the latest complete fiscal year, it had 117 approvals totalling $138M, up 23% on FY2024 (95). FY2026 to 30 Jun 2026 adds 122 more.
The median approval was $697K, against $190K for the 7(a) program as a whole; 4.8% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 30 states and territories and 193 counties, led by California (26.7%), North Carolina (10.4%) and Florida (10.4%). The largest industry group was health care and social assistance at 29.6% of approvals, and 10.4% of approvals were to franchise businesses.
Of 1,305 disbursed loans approved in FY2010 to FY2021, SBA records 71 as charged off (5.4%), 948 as paid in full and 286 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* | 122 | $120M | $430K | $981K | 2,419 |
| FY2025 | 117 | $138M | $720K | $1.2M | 2,634 |
| FY2024 | 95 | $109M | $756K | $1.1M | 1,380 |
| FY2023 | 103 | $109M | $636K | $1.1M | 1,609 |
| FY2022 | 97 | $90.1M | $774K | $928K | 1,099 |
| FY2021 | 128 | $116M | $628K | $906K | 2,500 |
| FY2020 | 82 | $64.2M | $559K | $783K | 1,054 |
| FY2019 | 121 | $92.8M | $440K | $767K | 1,716 |
| FY2018 | 138 | $96.8M | $454K | $702K | 1,870 |
| FY2017 | 223 | $140M | $432K | $628K | 2,493 |
| FY2016 | 208 | $127M | $275K | $612K | 2,590 |
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 772 approvals. First approval on file: FY2010.
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 | 1,443 | 79,249 | 639,905 |
| Cancelled or never disbursed | 138 | 10,102 | 79,313 |
| Disbursed loans | 1,305 | 69,147 | 560,592 |
| Paid in full | 948 | 52,688 | 435,813 |
| Charged off | 71 | 4,430 | 36,891 |
| Still outstanding (status exempt from disclosure) | 286 | 12,029 | 87,888 |
| Charged off, share of disbursed loans | 5.4% | 6.4% | 6.6% |
| Dollars charged off, share of disbursed dollars | 2.3% | 1.5% | 2.5% |
| Dollars charged off | $20.2M | $565M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 117 | 52 | 0 | 0.0% | 2.8% |
| FY2020 | 75 | 36 | 1 | 1.3% | 4.0% |
| FY2019 | 109 | 61 | 1 | 0.9% | 6.7% |
| FY2018 | 120 | 66 | 10 | 8.3% | 7.9% |
| FY2017 | 202 | 139 | 9 | 4.5% | 7.7% |
| FY2016 | 191 | 155 | 14 | 7.3% | 7.2% |
| FY2015 | 121 | 105 | 8 | 6.6% | 6.9% |
| FY2014 | 70 | 61 | 7 | 10.0% | 6.4% |
| FY2013 | 50 | 49 | 0 | 0.0% | 6.0% |
| FY2012 | 45 | 43 | 2 | 4.4% | 6.3% |
| FY2011 | 65 | 60 | 2 | 3.1% | 6.9% |
| FY2010 | 140 | 121 | 17 | 12.1% | 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 | $697K | $190K |
| Average approval | $1.0M | $518K |
| Approvals of $150,000 or less | 4.8% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 34.4% | 34.3% |
| Approvals to franchise businesses | 10.4% | 11.5% |
| Jobs supported per approval, as reported | 17.1 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 5.4% | 6.6% |
States served
| # | State of the business (30 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | California | 144 | $141M | 26.7% | |
| 2 | North Carolina | 56 | $50.9M | 10.4% | |
| 3 | Florida | 56 | $44.3M | 10.4% | |
| 4 | South Carolina | 48 | $51.0M | 8.9% | |
| 5 | Georgia | 40 | $45.4M | 7.4% | |
| 6 | Washington | 34 | $44.8M | 6.3% | |
| 7 | Texas | 30 | $42.0M | 5.6% | |
| 8 | Virginia | 27 | $30.9M | 5.0% | |
| 9 | Arizona | 20 | $14.0M | 3.7% | |
| 10 | Tennessee | 16 | $17.9M | 3.0% | |
| 11 | Colorado | 14 | $15.6M | 2.6% | |
| 12 | New Mexico | 9 | $11.2M | 1.7% |
In California the lender accounts for 0.4% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (193 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Los Angeles County, CA | 34 | $49.1M | 6.3% | |
| 2 | San Diego County, CA | 29 | $24.9M | 5.4% | |
| 3 | Orange County, CA | 21 | $15.5M | 3.9% | |
| 4 | Riverside County, CA | 18 | $15.4M | 3.3% | |
| 5 | Maricopa County, AZ | 14 | $12.0M | 2.6% | |
| 6 | Palm Beach County, FL | 11 | $6.9M | 2.0% | |
| 7 | Clark County, WA | 10 | $21.4M | 1.9% | |
| 8 | Sacramento County, CA | 10 | $10.6M | 1.9% | |
| 9 | Duval County, FL | 9 | $14.9M | 1.7% | |
| 10 | Fulton County, GA | 9 | $12.1M | 1.7% | |
| 11 | King County, WA | 9 | $10.5M | 1.7% | |
| 12 | Wake County, NC | 8 | $7.4M | 1.5% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Health Care and Social Assistance | 160 | 29.6% | |
| 2 | Professional, Scientific, and Technical Services | 65 | 12.0% | |
| 3 | Retail Trade | 59 | 10.9% | |
| 4 | Construction | 45 | 8.3% | |
| 5 | Other Services (except Public Administration) | 40 | 7.4% | |
| 6 | Accommodation and Food Services | 33 | 6.1% | |
| 7 | Manufacturing | 30 | 5.6% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 29 | 5.4% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Offices of DentistsNAICS 6212 | 47 | 8.7% | |
| 2 | Offices of Other Health PractitionersNAICS 6213 | 42 | 7.8% | |
| 3 | Offices of PhysiciansNAICS 6211 | 36 | 6.7% | |
| 4 | Restaurants and Other Eating PlacesNAICS 7225 | 30 | 5.6% | |
| 5 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 19 | 3.5% | |
| 6 | Building Equipment ContractorsNAICS 2382 | 17 | 3.1% | |
| 7 | Services to Buildings and DwellingsNAICS 5617 | 16 | 3.0% | |
| 8 | Automotive Repair and MaintenanceNAICS 8111 | 15 | 2.8% | |
| 9 | Child Day Care ServicesNAICS 6244 | 13 | 2.4% | |
| 10 | Accounting, Tax Preparation, Bookkeeping, and Payroll ServicesNAICS 5412 | 13 | 2.4% |
Approval sizes
- $50,000 or less0.2%1
- $50,001 to $150,0004.6%25
- $150,001 to $350,00020.2%109
- $350,001 to $1 million43.3%234
- $1 million to $2 million19.3%104
- Over $2 million12.4%67
Loan terms
- Over 5 to 10 years52.2%282
- Over 10 to 20 years13.1%71
- Over 20 years34.6%187
Age of the businesses
- Existing, more than 2 years old50.9%275
- New business, 2 years or less13.0%70
- Startup, loan funds will open the business21.5%116
- Change of ownership14.6%79
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 429 | 79.4% | |
| 2 | SBA Express Program | 97 | 18.0% | |
| 3 | 7a General | 14 | 2.6% |
Franchise share
56 of 540 approvals in FY2021–FY2025 (10.4%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Wild Birds Unlimited | 15 | 2.8% | |
| 2 | The UPS Store | 3 | 0.6% | |
| 3 | Wow Wow Hawaiian Lemonade | 3 | 0.6% | |
| 4 | Servpro | 2 | 0.4% | |
| 5 | Vicky Bakery | 2 | 0.4% | |
| 6 | PuroClean | 2 | 0.4% | |
| 7 | Kiddie Academy | 1 | 0.2% | |
| 8 | The Goddard School | 1 | 0.2% |
Questions and answers
How many SBA loans does First-Citizens Bank & Trust Company make?
SBA approved 117 7(a) loans through First-Citizens Bank & Trust Company in FY2025, worth $138M, and 540 over FY2021 to FY2025. That ranks 73rd of 2,184 active 7(a) lenders by number of approvals.
How large are First-Citizens Bank & Trust Company's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $697K and the average $1.0M. The program-wide median was $190K.
What is First-Citizens Bank & Trust Company's charge-off rate?
Of 1,305 disbursed loans approved in FY2010 to FY2021, SBA records 71 as charged off (5.4%), 948 as paid in full and 286 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-Citizens Bank & Trust Company lend to most?
By number of approvals in FY2021 to FY2025: offices of dentists (47); offices of other health practitioners (42); offices of physicians (36); restaurants and other eating places (30).
Where does First-Citizens Bank & Trust Company make SBA loans?
In 30 states and territories. California 144, North Carolina 56, Florida 56, South Carolina 48, Georgia 40. In California it accounts for 0.4% of all 7(a) approvals.
Is First-Citizens Bank & Trust Company's SBA lending rising?
Approvals in the three latest complete fiscal years total 315, against 307 in the three before: broadly level (+3%).
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