Lenders › First State Bank Nebraska
7(a) lenderLincoln, NebraskaFDIC-insured bank217th of 2,184 by approvals
First State Bank Nebraska
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 State Bank Nebraska, based in Lincoln, Nebraska, is an FDIC-insured bank in the SBA 7(a) program. SBA approved 177 of its 7(a) loans worth $85.3M in FY2021 to FY2025, which places it 217th of 2,184 active 7(a) lenders by number of approvals.
In FY2025, the latest complete fiscal year, it had 21 approvals totalling $11.5M, down 30% on FY2024 (30). FY2026 to 30 Jun 2026 adds 8 more.
The median approval was $183K, against $190K for the 7(a) program as a whole; 46.9% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 15 states and territories and 40 counties, led by Nebraska (85.9%), Ohio (4.5%) and Iowa (1.7%). The largest industry group was finance and insurance at 13.6% of approvals, and 8.5% of approvals were to franchise businesses.
Of 285 disbursed loans approved in FY2010 to FY2021, SBA records 7 as charged off (2.5%), 212 as paid in full and 66 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* | 8 | $1.5M | $136K | $185K | 49 |
| FY2025 | 21 | $11.5M | $200K | $545K | 193 |
| FY2024 | 30 | $11.4M | $214K | $379K | 297 |
| FY2023 | 36 | $16.1M | $198K | $448K | 353 |
| FY2022 | 46 | $13.1M | $95K | $285K | 256 |
| FY2021 | 44 | $33.3M | $300K | $756K | 496 |
| FY2020 | 36 | $18.7M | $220K | $519K | 104 |
| FY2019 | 15 | $12.9M | $277K | $861K | 50 |
| FY2018 | 22 | $11.7M | $93K | $533K | 372 |
| FY2017 | 31 | $7.0M | $110K | $225K | 193 |
| FY2016 | 32 | $2.6M | $47K | $82K | 130 |
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 136 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 | Nebraska | 7(a) program |
|---|---|---|---|
| Approvals in these years | 301 | 4,396 | 639,905 |
| Cancelled or never disbursed | 16 | 469 | 79,313 |
| Disbursed loans | 285 | 3,927 | 560,592 |
| Paid in full | 212 | 3,172 | 435,813 |
| Charged off | 7 | 218 | 36,891 |
| Still outstanding (status exempt from disclosure) | 66 | 537 | 87,888 |
| Charged off, share of disbursed loans | 2.5% | 5.6% | 6.6% |
| Dollars charged off, share of disbursed dollars | 0.7% | 2.9% | 2.5% |
| Dollars charged off | $726K | $37.6M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 40 | 14 | 0 | 0.0% | 2.8% |
| FY2020 | 30 | 14 | 0 | 0.0% | 4.0% |
| FY2019 | 15 | 12 | 0 | — | 6.7% |
| FY2018 | 22 | 16 | 1 | — | 7.9% |
| FY2017 | 30 | 22 | 0 | 0.0% | 7.7% |
| FY2016 | 32 | 29 | 1 | 3.1% | 7.2% |
| FY2015 | 24 | 24 | 0 | — | 6.9% |
| FY2014 | 16 | 16 | 0 | — | 6.4% |
| FY2013 | 15 | 10 | 1 | — | 6.0% |
| FY2012 | 28 | 24 | 2 | — | 6.3% |
| FY2011 | 22 | 20 | 2 | — | 6.9% |
| FY2010 | 11 | 11 | 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 | $183K | $190K |
| Average approval | $482K | $518K |
| Approvals of $150,000 or less | 46.9% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 48.6% | 34.3% |
| Approvals to franchise businesses | 8.5% | 11.5% |
| Jobs supported per approval, as reported | 9.0 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 2.5% | 6.6% |
States served
| # | State of the business (15 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Nebraska | 152 | $74.0M | 85.9% | |
| 2 | Ohio | 8 | $2.4M | 4.5% | |
| 3 | Iowa | 3 | $1.1M | 1.7% | |
| 4 | Minnesota | 2 | — | 1.1% | |
| 5 | California | 2 | — | 1.1% | |
| 6 | Kentucky | 1 | — | 0.6% | |
| 7 | Arizona | 1 | — | 0.6% | |
| 8 | Florida | 1 | — | 0.6% | |
| 9 | Georgia | 1 | — | 0.6% | |
| 10 | New York | 1 | — | 0.6% | |
| 11 | Washington | 1 | — | 0.6% | |
| 12 | South Carolina | 1 | — | 0.6% |
In Nebraska the lender accounts for 9.3% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (40 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Lancaster County, NE | 66 | $18.5M | 37.3% | |
| 2 | Gage County, NE | 30 | $14.4M | 16.9% | |
| 3 | Douglas County, NE | 6 | $6.2M | 3.4% | |
| 4 | Saline County, NE | 6 | $1.5M | 3.4% | |
| 5 | Buffalo County, NE | 5 | $2.8M | 2.8% | |
| 6 | Otoe County, NE | 4 | $1.5M | 2.3% | |
| 7 | Cass County, NE | 4 | $1.1M | 2.3% | |
| 8 | Wayne County, NE | 4 | $1.0M | 2.3% | |
| 9 | Butler County, NE | 4 | $432K | 2.3% | |
| 10 | Dodge County, NE | 3 | $6.0M | 1.7% | |
| 11 | Holt County, NE | 3 | $1.2M | 1.7% | |
| 12 | Franklin County, OH | 3 | $1.2M | 1.7% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Finance and Insurance | 24 | 13.6% | |
| 2 | Agriculture, Forestry, Fishing and Hunting | 21 | 11.9% | |
| 3 | Accommodation and Food Services | 17 | 9.6% | |
| 4 | Construction | 17 | 9.6% | |
| 5 | Retail Trade | 16 | 9.0% | |
| 6 | Manufacturing | 16 | 9.0% | |
| 7 | Wholesale Trade | 10 | 5.6% | |
| 8 | Transportation and Warehousing | 10 | 5.6% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Other Financial Investment ActivitiesNAICS 5239 | 18 | 10.2% | |
| 2 | Poultry and Egg ProductionNAICS 1123 | 15 | 8.5% | |
| 3 | Restaurants and Other Eating PlacesNAICS 7225 | 15 | 8.5% | |
| 4 | General Freight TruckingNAICS 4841 | 8 | 4.5% | |
| 5 | Other Specialty Trade ContractorsNAICS 2389 | 7 | 4.0% | |
| 6 | Agencies, Brokerages, and Other Insurance Related ActivitiesNAICS 5242 | 6 | 3.4% | |
| 7 | Other Personal ServicesNAICS 8129 | 6 | 3.4% | |
| 8 | Other Motor Vehicle DealersNAICS 4412 | 5 | 2.8% | |
| 9 | Machinery, Equipment, and Supplies Merchant WholesalersNAICS 4238 | 4 | 2.3% | |
| 10 | Support Activities for Crop ProductionNAICS 1151 | 4 | 2.3% |
Approval sizes
- $50,000 or less18.1%32
- $50,001 to $150,00028.8%51
- $150,001 to $350,00019.2%34
- $350,001 to $1 million23.7%42
- $1 million to $2 million4.5%8
- Over $2 million5.6%10
Loan terms
- 5 years or less12.4%22
- Over 5 to 10 years74.6%132
- Over 10 to 20 years10.2%18
- Over 20 years2.8%5
Age of the businesses
- Existing, more than 2 years old51.4%91
- New business, 2 years or less22.0%39
- Startup, loan funds will open the business26.6%47
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 109 | 61.6% | |
| 2 | SBA Express Program | 62 | 35.0% | |
| 3 | 7a General | 5 | 2.8% | |
| 4 | 7(a) WCP | 1 | 0.6% |
Franchise share
15 of 177 approvals in FY2021–FY2025 (8.5%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | DQ Grill & Chill Operating Agreement | 4 | 2.3% | |
| 2 | Ameriprise Financial | 3 | 1.7% | |
| 3 | Runza | 2 | 1.1% | |
| 4 | QC Kinetix | 1 | 0.6% | |
| 5 | LIVE Hydration Spa | 1 | 0.6% | |
| 6 | Hotworx | 1 | 0.6% | |
| 7 | Rock 'N' Joe | 1 | 0.6% | |
| 8 | Taco John's | 1 | 0.6% |
Questions and answers
How many SBA loans does First State Bank Nebraska make?
SBA approved 21 7(a) loans through First State Bank Nebraska in FY2025, worth $11.5M, and 177 over FY2021 to FY2025. That ranks 217th of 2,184 active 7(a) lenders by number of approvals.
How large are First State Bank Nebraska's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $183K and the average $482K. The program-wide median was $190K.
What is First State Bank Nebraska's charge-off rate?
Of 285 disbursed loans approved in FY2010 to FY2021, SBA records 7 as charged off (2.5%), 212 as paid in full and 66 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 State Bank Nebraska lend to most?
By number of approvals in FY2021 to FY2025: other financial investment activities (18); poultry and egg production (15); restaurants and other eating places (15); general freight trucking (8).
Where does First State Bank Nebraska make SBA loans?
In 15 states and territories. Nebraska 152, Ohio 8, Iowa 3, Minnesota 2, California 2. In Nebraska it accounts for 9.3% of all 7(a) approvals.
Is First State Bank Nebraska's SBA lending rising?
Approvals in the three latest complete fiscal years total 87, against 126 in the three before: falling (-31%).
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