Lenders › First Community Bank
7(a) lenderLexington, South CarolinaFDIC-insured bank299th of 2,184 by approvals
First Community 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.
First Community Bank (Lexington, South Carolina) is an FDIC-insured bank in the SBA 7(a) program, 299th of 2,184 by approvals in FY2021 to FY2025: 109 loans worth $150M.
In FY2025, the latest complete fiscal year, it had 30 approvals totalling $43.2M, up 67% on FY2024 (18). FY2026 to 30 Jun 2026 adds 18 more.
The median approval was $750K, against $190K for the 7(a) program as a whole; 7.3% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 7 states and territories and 30 counties, led by Georgia (93.6%), Florida (1.8%) and Alabama (0.9%). The largest industry group was retail trade at 33.9% of approvals, and 27.5% of approvals were to franchise businesses.
Of 146 disbursed loans approved in FY2010 to FY2021, SBA records 9 as charged off (6.2%), 110 as paid in full and 27 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is close to 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* | 18 | $25.3M | $978K | $1.4M | 216 |
| FY2025 | 30 | $43.2M | $851K | $1.4M | 289 |
| FY2024 | 18 | $28.2M | $623K | $1.6M | 217 |
| FY2023 | 24 | $29.1M | $818K | $1.2M | 490 |
| FY2022 | 15 | $20.9M | $782K | $1.4M | 427 |
| FY2021 | 22 | $28.1M | $685K | $1.3M | 296 |
| FY2020 | 25 | $11.3M | $300K | $451K | 192 |
| FY2019 | 24 | $27.1M | $695K | $1.1M | 294 |
| FY2018 | 2 | — | — | — | 8 |
| FY2017 | 9 | $8.0M | $350K | $883K | 144 |
| FY2016 | 7 | $2.4M | $200K | $343K | 135 |
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 67 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 | Georgia | 7(a) program |
|---|---|---|---|
| Approvals in these years | 161 | 17,911 | 639,905 |
| Cancelled or never disbursed | 15 | 2,110 | 79,313 |
| Disbursed loans | 146 | 15,801 | 560,592 |
| Paid in full | 110 | 11,453 | 435,813 |
| Charged off | 9 | 1,077 | 36,891 |
| Still outstanding (status exempt from disclosure) | 27 | 3,271 | 87,888 |
| Charged off, share of disbursed loans | 6.2% | 6.8% | 6.6% |
| Dollars charged off, share of disbursed dollars | 1.5% | 2.0% | 2.5% |
| Dollars charged off | $1.6M | $230M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 20 | 9 | 0 | — | 2.8% |
| FY2020 | 21 | 12 | 3 | — | 4.0% |
| FY2019 | 22 | 15 | 1 | — | 6.7% |
| FY2018 | 2 | 1 | 0 | — | 7.9% |
| FY2017 | 8 | 7 | 1 | — | 7.7% |
| FY2016 | 7 | 6 | 1 | — | 7.2% |
| FY2015 | 24 | 21 | 2 | — | 6.9% |
| FY2014 | 9 | 9 | 0 | — | 6.4% |
| FY2013 | 17 | 16 | 0 | — | 6.0% |
| FY2012 | 2 | 1 | 0 | — | 6.3% |
| FY2011 | 5 | 5 | 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 | $750K | $190K |
| Average approval | $1.4M | $518K |
| Approvals of $150,000 or less | 7.3% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 44.0% | 34.3% |
| Approvals to franchise businesses | 27.5% | 11.5% |
| Jobs supported per approval, as reported | 15.8 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 6.2% | 6.6% |
States served
| # | State of the business (7 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Georgia | 102 | $139M | 93.6% | |
| 2 | Florida | 2 | — | 1.8% | |
| 3 | Alabama | 1 | — | 0.9% | |
| 4 | Tennessee | 1 | — | 0.9% | |
| 5 | Minnesota | 1 | — | 0.9% | |
| 6 | Oklahoma | 1 | — | 0.9% | |
| 7 | Texas | 1 | — | 0.9% |
In Georgia the lender accounts for 1.1% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (30 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Fulton County, GA | 33 | $32.3M | 30.3% | |
| 2 | Gwinnett County, GA | 14 | $22.9M | 12.8% | |
| 3 | Cobb County, GA | 10 | $13.6M | 9.2% | |
| 4 | DeKalb County, GA | 8 | $13.8M | 7.3% | |
| 5 | Forsyth County, GA | 8 | $10.3M | 7.3% | |
| 6 | Rockdale County, GA | 4 | $13.7M | 3.7% | |
| 7 | Hall County, GA | 3 | $6.1M | 2.8% | |
| 8 | Clayton County, GA | 3 | $1.9M | 2.8% | |
| 9 | Barrow County, GA | 2 | — | 1.8% | |
| 10 | Cherokee County, GA | 2 | — | 1.8% | |
| 11 | Haralson County, GA | 2 | — | 1.8% | |
| 12 | Lowndes County, GA | 2 | — | 1.8% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 37 | 33.9% | |
| 2 | Health Care and Social Assistance | 12 | 11.0% | |
| 3 | Other Services (except Public Administration) | 9 | 8.3% | |
| 4 | Wholesale Trade | 8 | 7.3% | |
| 5 | Accommodation and Food Services | 8 | 7.3% | |
| 6 | Construction | 7 | 6.4% | |
| 7 | Finance and Insurance | 7 | 6.4% | |
| 8 | Professional, Scientific, and Technical Services | 5 | 4.6% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Beer, Wine, and Liquor StoresNAICS 4453 | 15 | 13.8% | |
| 2 | Gasoline StationsNAICS 4571 | 12 | 11.0% | |
| 3 | Agencies, Brokerages, and Other Insurance Related ActivitiesNAICS 5242 | 7 | 6.4% | |
| 4 | Automotive Repair and MaintenanceNAICS 8111 | 5 | 4.6% | |
| 5 | Offices of PhysiciansNAICS 6211 | 5 | 4.6% | |
| 6 | Restaurants and Other Eating PlacesNAICS 7225 | 5 | 4.6% | |
| 7 | Child Day Care ServicesNAICS 6244 | 4 | 3.7% | |
| 8 | Business Support ServicesNAICS 5614 | 4 | 3.7% | |
| 9 | Miscellaneous Durable Goods Merchant WholesalersNAICS 4239 | 3 | 2.8% | |
| 10 | Traveler AccommodationNAICS 7211 | 3 | 2.8% |
Approval sizes
- $50,000 or less1.8%2
- $50,001 to $150,0005.5%6
- $150,001 to $350,00016.5%18
- $350,001 to $1 million39.4%43
- $1 million to $2 million14.7%16
- Over $2 million22.0%24
Loan terms
- 5 years or less1.8%2
- Over 5 to 10 years45.0%49
- Over 10 to 20 years5.5%6
- Over 20 years47.7%52
Age of the businesses
- Existing, more than 2 years old44.0%48
- New business, 2 years or less14.7%16
- Startup, loan funds will open the business29.4%32
- Change of ownership11.9%13
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 95 | 87.2% | |
| 2 | SBA Express Program | 12 | 11.0% | |
| 3 | 7a General | 2 | 1.8% |
Franchise share
30 of 109 approvals in FY2021–FY2025 (27.5%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | The UPS Store | 4 | 3.7% | |
| 2 | Chevron | 2 | 1.8% | |
| 3 | DQ Grill & Chill Operating Agreement | 2 | 1.8% | |
| 4 | Savi Provisions | 2 | 1.8% | |
| 5 | Baymont by Wyndham | 2 | 1.8% | |
| 6 | Smoothie King | 2 | 1.8% | |
| 7 | Best Western | 1 | 0.9% | |
| 8 | Premier Petroleum, Inc | 1 | 0.9% |
Questions and answers
How many SBA loans does First Community Bank make?
SBA approved 30 7(a) loans through First Community Bank in FY2025, worth $43.2M, and 109 over FY2021 to FY2025. That ranks 299th of 2,184 active 7(a) lenders by number of approvals.
How large are First Community Bank's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $750K and the average $1.4M. The program-wide median was $190K.
What is First Community Bank's charge-off rate?
Of 146 disbursed loans approved in FY2010 to FY2021, SBA records 9 as charged off (6.2%), 110 as paid in full and 27 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is close to 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 Community Bank lend to most?
By number of approvals in FY2021 to FY2025: beer, wine, and liquor stores (15); gasoline stations (12); agencies, brokerages, and other insurance related activities (7); automotive repair and maintenance (5).
Where does First Community Bank make SBA loans?
In 7 states and territories. Georgia 102, Florida 2, Alabama 1, Tennessee 1, Minnesota 1. In Georgia it accounts for 1.1% of all 7(a) approvals.
Is First Community Bank's SBA lending rising?
Approvals in the three latest complete fiscal years total 72, against 62 in the three before: rising (+16%).
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