Lenders › First Commonwealth Bank
7(a) lenderIndiana, PennsylvaniaFDIC-insured bank43rd of 2,184 by approvals
First Commonwealth Bank
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.
In FY2021 to FY2025 SBA approved 877 7(a) loans, worth $642M, through First Commonwealth Bank of Indiana, Pennsylvania, an FDIC-insured bank in the SBA 7(a) program. By number of approvals that is 43rd among 2,184 active 7(a) lenders.
In FY2025, the latest complete fiscal year, it had 218 approvals totalling $133M, up 33% on FY2024 (164). FY2026 to 30 Jun 2026 adds 110 more.
The median approval was $420K, against $190K for the 7(a) program as a whole; 19.8% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 31 states and territories and 182 counties, led by Pennsylvania (39.2%), Ohio (34.8%) and Texas (10.4%). The largest industry group was accommodation and food services at 14.1% of approvals, and 21.0% of approvals were to franchise businesses.
Of 934 disbursed loans approved in FY2010 to FY2021, SBA records 36 as charged off (3.9%), 657 as paid in full and 241 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* | 110 | $75.0M | $331K | $682K | 961 |
| FY2025 | 218 | $133M | $382K | $609K | 2,442 |
| FY2024 | 164 | $115M | $423K | $702K | 2,409 |
| FY2023 | 159 | $133M | $459K | $839K | 2,959 |
| FY2022 | 166 | $134M | $447K | $808K | 2,484 |
| FY2021 | 170 | $127M | $383K | $745K | 3,200 |
| FY2020 | 128 | $81.5M | $302K | $637K | 2,058 |
| FY2019 | 131 | $72.0M | $220K | $550K | 1,388 |
| FY2018 | 110 | $80.0M | $250K | $728K | 2,389 |
| FY2017 | 112 | $48.0M | $150K | $428K | 1,409 |
| FY2016 | 124 | $65.9M | $230K | $531K | 1,431 |
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 605 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 | Pennsylvania | 7(a) program |
|---|---|---|---|
| Approvals in these years | 1,064 | 20,449 | 639,905 |
| Cancelled or never disbursed | 130 | 2,853 | 79,313 |
| Disbursed loans | 934 | 17,596 | 560,592 |
| Paid in full | 657 | 13,626 | 435,813 |
| Charged off | 36 | 1,040 | 36,891 |
| Still outstanding (status exempt from disclosure) | 241 | 2,930 | 87,888 |
| Charged off, share of disbursed loans | 3.9% | 5.9% | 6.6% |
| Dollars charged off, share of disbursed dollars | 1.8% | 2.6% | 2.5% |
| Dollars charged off | $8.8M | $171M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 140 | 69 | 3 | 2.1% | 2.8% |
| FY2020 | 108 | 65 | 3 | 2.8% | 4.0% |
| FY2019 | 112 | 69 | 2 | 1.8% | 6.7% |
| FY2018 | 100 | 64 | 5 | 5.0% | 7.9% |
| FY2017 | 104 | 69 | 8 | 7.7% | 7.7% |
| FY2016 | 111 | 85 | 6 | 5.4% | 7.2% |
| FY2015 | 77 | 68 | 3 | 3.9% | 6.9% |
| FY2014 | 62 | 56 | 2 | 3.2% | 6.4% |
| FY2013 | 53 | 47 | 2 | 3.8% | 6.0% |
| FY2012 | 34 | 33 | 1 | 2.9% | 6.3% |
| FY2011 | 24 | 24 | 0 | — | 6.9% |
| FY2010 | 9 | 8 | 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 | $420K | $190K |
| Average approval | $732K | $518K |
| Approvals of $150,000 or less | 19.8% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 47.8% | 34.3% |
| Approvals to franchise businesses | 21.0% | 11.5% |
| Jobs supported per approval, as reported | 15.4 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 3.9% | 6.6% |
States served
| # | State of the business (31 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Pennsylvania | 344 | $229M | 39.2% | |
| 2 | Ohio | 305 | $223M | 34.8% | |
| 3 | Texas | 91 | $82.7M | 10.4% | |
| 4 | Florida | 38 | $25.8M | 4.3% | |
| 5 | Kentucky | 18 | $13.0M | 2.1% | |
| 6 | North Carolina | 8 | $4.4M | 0.9% | |
| 7 | New Jersey | 7 | $3.6M | 0.8% | |
| 8 | Illinois | 7 | $1.8M | 0.8% | |
| 9 | Virginia | 6 | $7.6M | 0.7% | |
| 10 | Tennessee | 5 | $6.6M | 0.6% | |
| 11 | Georgia | 5 | $4.7M | 0.6% | |
| 12 | South Carolina | 5 | $3.3M | 0.6% |
In Pennsylvania the lender accounts for 3.3% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (182 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Allegheny County, PA | 99 | $71.8M | 11.3% | |
| 2 | Hamilton County, OH | 69 | $39.3M | 7.9% | |
| 3 | Westmoreland County, PA | 53 | $35.5M | 6.0% | |
| 4 | Franklin County, OH | 41 | $32.5M | 4.7% | |
| 5 | Cuyahoga County, OH | 28 | $25.7M | 3.2% | |
| 6 | Washington County, PA | 21 | $14.9M | 2.4% | |
| 7 | Summit County, OH | 20 | $23.1M | 2.3% | |
| 8 | Dallas County, TX | 20 | $14.5M | 2.3% | |
| 9 | Butler County, OH | 19 | $7.3M | 2.2% | |
| 10 | Delaware County, OH | 17 | $10.1M | 1.9% | |
| 11 | Beaver County, PA | 16 | $6.9M | 1.8% | |
| 12 | Denton County, TX | 12 | $11.3M | 1.4% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 124 | 14.1% | |
| 2 | Manufacturing | 123 | 14.0% | |
| 3 | Construction | 114 | 13.0% | |
| 4 | Other Services (except Public Administration) | 104 | 11.9% | |
| 5 | Professional, Scientific, and Technical Services | 75 | 8.6% | |
| 6 | Health Care and Social Assistance | 71 | 8.1% | |
| 7 | Retail Trade | 65 | 7.4% | |
| 8 | Arts, Entertainment, and Recreation | 50 | 5.7% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 103 | 11.7% | |
| 2 | Automotive Repair and MaintenanceNAICS 8111 | 46 | 5.2% | |
| 3 | Other Amusement and Recreation IndustriesNAICS 7139 | 44 | 5.0% | |
| 4 | Other Specialty Trade ContractorsNAICS 2389 | 31 | 3.5% | |
| 5 | Personal Care ServicesNAICS 8121 | 23 | 2.6% | |
| 6 | Building Equipment ContractorsNAICS 2382 | 22 | 2.5% | |
| 7 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 22 | 2.5% | |
| 8 | Offices of Other Health PractitionersNAICS 6213 | 21 | 2.4% | |
| 9 | Services to Buildings and DwellingsNAICS 5617 | 19 | 2.2% | |
| 10 | Other Personal ServicesNAICS 8129 | 17 | 1.9% |
Approval sizes
- $50,000 or less7.4%65
- $50,001 to $150,00012.4%109
- $150,001 to $350,00023.9%210
- $350,001 to $1 million36.8%323
- $1 million to $2 million11.3%99
- Over $2 million8.1%71
Loan terms
- 5 years or less4.2%37
- Over 5 to 10 years70.1%615
- Over 10 to 20 years3.5%31
- Over 20 years22.1%194
Age of the businesses
- Existing, more than 2 years old38.8%340
- New business, 2 years or less16.0%140
- Startup, loan funds will open the business31.8%279
- Change of ownership13.5%118
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 604 | 68.9% | |
| 2 | SBA Express Program | 206 | 23.5% | |
| 3 | 7a General | 31 | 3.5% | |
| 4 | Working Capital CAPLine | 21 | 2.4% | |
| 5 | International Trade Loans | 6 | 0.7% | |
| 6 | Contract CAPLine | 3 | 0.3% |
Franchise share
184 of 877 approvals in FY2021–FY2025 (21.0%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Biggby Coffee | 20 | 2.3% | |
| 2 | The Little Gym | 12 | 1.4% | |
| 3 | ServiceMaster | 7 | 0.8% | |
| 4 | Duck Donuts | 7 | 0.8% | |
| 5 | Home Instead | 5 | 0.6% | |
| 6 | Crumbl | 4 | 0.5% | |
| 7 | Visiting Angels | 4 | 0.5% | |
| 8 | Gatsby Glass | 4 | 0.5% |
Questions and answers
How many SBA loans does First Commonwealth Bank make?
SBA approved 218 7(a) loans through First Commonwealth Bank in FY2025, worth $133M, and 877 over FY2021 to FY2025. That ranks 43rd of 2,184 active 7(a) lenders by number of approvals.
How large are First Commonwealth Bank's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $420K and the average $732K. The program-wide median was $190K.
What is First Commonwealth Bank's charge-off rate?
Of 934 disbursed loans approved in FY2010 to FY2021, SBA records 36 as charged off (3.9%), 657 as paid in full and 241 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 Commonwealth Bank lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (103); automotive repair and maintenance (46); other amusement and recreation industries (44); other specialty trade contractors (31).
Where does First Commonwealth Bank make SBA loans?
In 31 states and territories. Pennsylvania 344, Ohio 305, Texas 91, Florida 38, Kentucky 18. In Pennsylvania it accounts for 3.3% of all 7(a) approvals.
Is First Commonwealth Bank's SBA lending rising?
Approvals in the three latest complete fiscal years total 541, against 464 in the three before: rising (+17%).
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