Lenders › First Service Bank
7(a) lenderGreenbrier, ArkansasFDIC-insured bank282nd of 2,184 by approvals
First Service 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 119 7(a) loans, worth $87.3M, through First Service Bank of Greenbrier, Arkansas, an FDIC-insured bank in the SBA 7(a) program. By number of approvals that is 282nd among 2,184 active 7(a) lenders.
In FY2025, the latest complete fiscal year, it had 39 approvals totalling $36.1M, up 56% on FY2024 (25). FY2026 to 30 Jun 2026 adds 13 more.
The median approval was $315K, against $190K for the 7(a) program as a whole; 31.9% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 8 states and territories and 38 counties, led by Arkansas (82.4%), Missouri (8.4%) and Texas (4.2%). The largest industry group was agriculture, forestry, fishing and hunting at 53.8% of approvals, and 1.7% of approvals were to franchise businesses.
Of 54 disbursed loans approved in FY2010 to FY2021, SBA records 1 as charged off (1.9%), 34 as paid in full and 19 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* | 13 | $21.5M | $625K | $1.7M | 246 |
| FY2025 | 39 | $36.1M | $445K | $925K | 177 |
| FY2024 | 25 | $17.5M | $275K | $700K | 154 |
| FY2023 | 23 | $20.3M | $400K | $881K | 226 |
| FY2022 | 16 | $5.1M | $250K | $318K | 177 |
| FY2021 | 16 | $8.4M | $201K | $524K | 74 |
| FY2020 | 16 | $4.8M | $204K | $300K | 78 |
| FY2019 | 3 | $2.4M | $350K | $798K | 35 |
| FY2018 | 12 | $8.7M | $431K | $723K | 31 |
| FY2017 | 8 | $730K | $48K | $91K | 22 |
| FY2016 | 9 | $9.1M | $864K | $1.0M | 39 |
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 48 approvals. First approval on file: FY2016.
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 | Arkansas | 7(a) program |
|---|---|---|---|
| Approvals in these years | 64 | 3,649 | 639,905 |
| Cancelled or never disbursed | 10 | 394 | 79,313 |
| Disbursed loans | 54 | 3,255 | 560,592 |
| Paid in full | 34 | 2,511 | 435,813 |
| Charged off | 1 | 224 | 36,891 |
| Still outstanding (status exempt from disclosure) | 19 | 520 | 87,888 |
| Charged off, share of disbursed loans | 1.9% | 6.9% | 6.6% |
| Dollars charged off, share of disbursed dollars | 0.1% | 3.4% | 2.5% |
| Dollars charged off | $30K | $56.9M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 15 | 7 | 0 | — | 2.8% |
| FY2020 | 13 | 8 | 0 | — | 4.0% |
| FY2019 | 2 | 1 | 0 | — | 6.7% |
| FY2018 | 10 | 7 | 0 | — | 7.9% |
| FY2017 | 7 | 5 | 1 | — | 7.7% |
| FY2016 | 7 | 6 | 0 | — | 7.2% |
| FY2015 | 0 | 0 | 0 | — | 6.9% |
| FY2014 | 0 | 0 | 0 | — | 6.4% |
| FY2013 | 0 | 0 | 0 | — | 6.0% |
| FY2012 | 0 | 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 | $315K | $190K |
| Average approval | $734K | $518K |
| Approvals of $150,000 or less | 31.9% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 73.1% | 34.3% |
| Approvals to franchise businesses | 1.7% | 11.5% |
| Jobs supported per approval, as reported | 6.8 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 1.9% | 6.6% |
States served
| # | State of the business (8 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Arkansas | 98 | $62.0M | 82.4% | |
| 2 | Missouri | 10 | $14.4M | 8.4% | |
| 3 | Texas | 5 | $6.2M | 4.2% | |
| 4 | Iowa | 2 | — | 1.7% | |
| 5 | South Dakota | 1 | — | 0.8% | |
| 6 | Oklahoma | 1 | — | 0.8% | |
| 7 | Tennessee | 1 | — | 0.8% | |
| 8 | Indiana | 1 | — | 0.8% |
In Arkansas the lender accounts for 6.3% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (38 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Faulkner County, AR | 26 | $9.9M | 21.8% | |
| 2 | Randolph County, AR | 13 | $8.2M | 10.9% | |
| 3 | Jefferson County, AR | 11 | $12.4M | 9.2% | |
| 4 | Stone County, AR | 7 | $2.7M | 5.9% | |
| 5 | Cleveland County, AR | 5 | $4.1M | 4.2% | |
| 6 | Pulaski County, AR | 5 | $3.4M | 4.2% | |
| 7 | Upshur County, TX | 3 | $3.4M | 2.5% | |
| 8 | Sharp County, AR | 3 | $3.1M | 2.5% | |
| 9 | Craighead County, AR | 3 | $2.6M | 2.5% | |
| 10 | Cleburne County, AR | 3 | $1.8M | 2.5% | |
| 11 | Van Buren County, AR | 3 | $518K | 2.5% | |
| 12 | Cedar County, MO | 3 | $375K | 2.5% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Agriculture, Forestry, Fishing and Hunting | 64 | 53.8% | |
| 2 | Construction | 10 | 8.4% | |
| 3 | Accommodation and Food Services | 9 | 7.6% | |
| 4 | Retail Trade | 8 | 6.7% | |
| 5 | Manufacturing | 6 | 5.0% | |
| 6 | Health Care and Social Assistance | 5 | 4.2% | |
| 7 | Transportation and Warehousing | 4 | 3.4% | |
| 8 | Real Estate and Rental and Leasing | 4 | 3.4% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Poultry and Egg ProductionNAICS 1123 | 63 | 52.9% | |
| 2 | Building Equipment ContractorsNAICS 2382 | 4 | 3.4% | |
| 3 | Building Finishing ContractorsNAICS 2383 | 4 | 3.4% | |
| 4 | Other Schools and InstructionNAICS 6116 | 3 | 2.5% | |
| 5 | Lessors of Real EstateNAICS 5311 | 3 | 2.5% | |
| 6 | Special Food ServicesNAICS 7223 | 3 | 2.5% | |
| 7 | Warehousing and StorageNAICS 4931 | 2 | 1.7% | |
| 8 | Traveler AccommodationNAICS 7211 | 2 | 1.7% | |
| 9 | Architectural and Structural Metals ManufacturingNAICS 3323 | 2 | 1.7% | |
| 10 | Plastics Product ManufacturingNAICS 3261 | 2 | 1.7% |
Approval sizes
- $50,000 or less8.4%10
- $50,001 to $150,00023.5%28
- $150,001 to $350,00021.0%25
- $350,001 to $1 million23.5%28
- $1 million to $2 million12.6%15
- Over $2 million10.9%13
Loan terms
- 5 years or less5.0%6
- Over 5 to 10 years39.5%47
- Over 10 to 20 years51.3%61
- Over 20 years4.2%5
Age of the businesses
- Existing, more than 2 years old24.4%29
- New business, 2 years or less25.2%30
- Startup, loan funds will open the business47.9%57
- Change of ownership2.5%3
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 77 | 64.7% | |
| 2 | SBA Express Program | 35 | 29.4% | |
| 3 | Working Capital CAPLine | 6 | 5.0% | |
| 4 | 7a General | 1 | 0.8% |
Franchise share
2 of 119 approvals in FY2021–FY2025 (1.7%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Quality Inn | 1 | 0.8% | |
| 2 | Peachwave Frozen Yogurt | 1 | 0.8% |
Questions and answers
How many SBA loans does First Service Bank make?
SBA approved 39 7(a) loans through First Service Bank in FY2025, worth $36.1M, and 119 over FY2021 to FY2025. That ranks 282nd of 2,184 active 7(a) lenders by number of approvals.
How large are First Service Bank's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $315K and the average $734K. The program-wide median was $190K.
What is First Service Bank's charge-off rate?
Of 54 disbursed loans approved in FY2010 to FY2021, SBA records 1 as charged off (1.9%), 34 as paid in full and 19 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 Service Bank lend to most?
By number of approvals in FY2021 to FY2025: poultry and egg production (63); building equipment contractors (4); building finishing contractors (4); other schools and instruction (3).
Where does First Service Bank make SBA loans?
In 8 states and territories. Arkansas 98, Missouri 10, Texas 5, Iowa 2, South Dakota 1. In Arkansas it accounts for 6.3% of all 7(a) approvals.
Is First Service Bank's SBA lending rising?
Approvals in the three latest complete fiscal years total 87, against 48 in the three before: rising (+81%).
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