Lenders › FirstBank
7(a) lenderNashville, TennesseeFDIC-insured bank468th of 2,184 by approvals
FirstBank
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.
FirstBank, based in Nashville, Tennessee, is an FDIC-insured bank in the SBA 7(a) program. SBA approved 56 of its 7(a) loans worth $38.1M in FY2021 to FY2025, which places it 468th of 2,184 active 7(a) lenders by number of approvals.
In FY2025, the latest complete fiscal year, it had 10 approvals totalling $6.0M, down 9% on FY2024 (11).
The median approval was $467K, against $190K for the 7(a) program as a whole; 12.5% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 4 states and territories and 29 counties, led by Georgia (73.2%), Alabama (23.2%) and Florida (1.8%). The largest industry group was accommodation and food services at 44.6% of approvals, and 32.1% of approvals were to franchise businesses.
Of 170 disbursed loans approved in FY2010 to FY2021, SBA records 10 as charged off (5.9%), 135 as paid in full and 25 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* | 0 | — | — | — | 0 |
| FY2025 | 10 | $6.0M | $608K | $597K | 179 |
| FY2024 | 11 | $4.6M | $311K | $418K | 191 |
| FY2023 | 14 | $8.2M | $390K | $584K | 134 |
| FY2022 | 8 | $4.8M | $595K | $604K | 142 |
| FY2021 | 13 | $14.5M | $620K | $1.1M | 208 |
| FY2020 | 7 | $2.6M | $180K | $372K | 41 |
| FY2019 | 13 | $4.8M | $290K | $371K | 169 |
| FY2018 | 9 | $3.5M | $305K | $388K | 85 |
| FY2017 | 14 | $12.3M | $549K | $880K | 164 |
| FY2016 | 24 | $24.5M | $429K | $1.0M | 484 |
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 | 189 | 17,911 | 639,905 |
| Cancelled or never disbursed | 19 | 2,110 | 79,313 |
| Disbursed loans | 170 | 15,801 | 560,592 |
| Paid in full | 135 | 11,453 | 435,813 |
| Charged off | 10 | 1,077 | 36,891 |
| Still outstanding (status exempt from disclosure) | 25 | 3,271 | 87,888 |
| Charged off, share of disbursed loans | 5.9% | 6.8% | 6.6% |
| Dollars charged off, share of disbursed dollars | 1.1% | 2.0% | 2.5% |
| Dollars charged off | $1.3M | $230M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 12 | 7 | 0 | — | 2.8% |
| FY2020 | 5 | 3 | 0 | — | 4.0% |
| FY2019 | 11 | 7 | 1 | — | 6.7% |
| FY2018 | 9 | 6 | 1 | — | 7.9% |
| FY2017 | 14 | 10 | 0 | — | 7.7% |
| FY2016 | 22 | 17 | 2 | — | 7.2% |
| FY2015 | 17 | 14 | 0 | — | 6.9% |
| FY2014 | 18 | 16 | 2 | — | 6.4% |
| FY2013 | 24 | 21 | 1 | — | 6.0% |
| FY2012 | 24 | 21 | 2 | — | 6.3% |
| FY2011 | 8 | 8 | 0 | — | 6.9% |
| FY2010 | 6 | 5 | 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 | $467K | $190K |
| Average approval | $680K | $518K |
| Approvals of $150,000 or less | 12.5% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 60.7% | 34.3% |
| Approvals to franchise businesses | 32.1% | 11.5% |
| Jobs supported per approval, as reported | 15.3 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 5.9% | 6.6% |
States served
| # | State of the business (4 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Georgia | 41 | $23.5M | 73.2% | |
| 2 | Alabama | 13 | $13.6M | 23.2% | |
| 3 | Florida | 1 | — | 1.8% | |
| 4 | Texas | 1 | — | 1.8% |
In Georgia the lender accounts for 0.4% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (29 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Bartow County, GA | 9 | $3.8M | 16.1% | |
| 2 | Cobb County, GA | 6 | $2.0M | 10.7% | |
| 3 | Fulton County, GA | 4 | $2.9M | 7.1% | |
| 4 | Muscogee County, GA | 4 | $1.7M | 7.1% | |
| 5 | Coweta County, GA | 3 | $2.5M | 5.4% | |
| 6 | Gwinnett County, GA | 3 | $1.1M | 5.4% | |
| 7 | Lee County, AL | 2 | — | 3.6% | |
| 8 | Tallapoosa County, AL | 2 | — | 3.6% | |
| 9 | Jackson County, GA | 2 | — | 3.6% | |
| 10 | Madison County, AL | 2 | — | 3.6% | |
| 11 | DeKalb County, GA | 1 | — | 1.8% | |
| 12 | Calhoun County, AL | 1 | — | 1.8% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 25 | 44.6% | |
| 2 | Construction | 7 | 12.5% | |
| 3 | Retail Trade | 6 | 10.7% | |
| 4 | Professional, Scientific, and Technical Services | 6 | 10.7% | |
| 5 | Administrative and Support and Waste Management and Remediation Services | 4 | 7.1% | |
| 6 | Other Services (except Public Administration) | 3 | 5.4% | |
| 7 | Arts, Entertainment, and Recreation | 2 | 3.6% | |
| 8 | Manufacturing | 1 | 1.8% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 19 | 33.9% | |
| 2 | Traveler AccommodationNAICS 7211 | 3 | 5.4% | |
| 3 | Services to Buildings and DwellingsNAICS 5617 | 3 | 5.4% | |
| 4 | Building Equipment ContractorsNAICS 2382 | 3 | 5.4% | |
| 5 | Legal ServicesNAICS 5411 | 3 | 5.4% | |
| 6 | Specialty Food StoresNAICS 4452 | 2 | 3.6% | |
| 7 | Other Amusement and Recreation IndustriesNAICS 7139 | 2 | 3.6% | |
| 8 | RV (Recreational Vehicle) Parks and Recreational CampsNAICS 7212 | 2 | 3.6% | |
| 9 | Residential Building ConstructionNAICS 2361 | 1 | 1.8% | |
| 10 | Fruit and Vegetable Preserving and Specialty Food ManufacturingNAICS 3114 | 1 | 1.8% |
Approval sizes
- $50,000 or less1.8%1
- $50,001 to $150,00010.7%6
- $150,001 to $350,00019.6%11
- $350,001 to $1 million50.0%28
- $1 million to $2 million12.5%7
- Over $2 million5.4%3
Loan terms
- 5 years or less3.6%2
- Over 5 to 10 years60.7%34
- Over 10 to 20 years25.0%14
- Over 20 years10.7%6
Age of the businesses
- Existing, more than 2 years old26.8%15
- New business, 2 years or less16.1%9
- Startup, loan funds will open the business44.6%25
- Change of ownership12.5%7
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | 7a General | 36 | 64.3% | |
| 2 | Preferred Lenders Program | 12 | 21.4% | |
| 3 | SBA Express Program | 8 | 14.3% |
Franchise share
18 of 56 approvals in FY2021–FY2025 (32.1%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Johnny's Pizza, Johnny Brusco's Pizza | 9 | 16.1% | |
| 2 | Great American Cookies | 2 | 3.6% | |
| 3 | Microtel Inn & Suites by Wyndham | 1 | 1.8% | |
| 4 | BW Premier Collection | 1 | 1.8% | |
| 5 | Shipley Do-Nut | 1 | 1.8% | |
| 6 | Hotworx | 1 | 1.8% | |
| 7 | Clean Juice | 1 | 1.8% | |
| 8 | Tea 2 Go | 1 | 1.8% |
Questions and answers
How many SBA loans does FirstBank make?
SBA approved 10 7(a) loans through FirstBank in FY2025, worth $6.0M, and 56 over FY2021 to FY2025. That ranks 468th of 2,184 active 7(a) lenders by number of approvals.
How large are FirstBank's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $467K and the average $680K. The program-wide median was $190K.
What is FirstBank's charge-off rate?
Of 170 disbursed loans approved in FY2010 to FY2021, SBA records 10 as charged off (5.9%), 135 as paid in full and 25 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 FirstBank lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (19); traveler accommodation (3); services to buildings and dwellings (3); building equipment contractors (3).
Where does FirstBank make SBA loans?
In 4 states and territories. Georgia 41, Alabama 13, Florida 1, Texas 1. In Georgia it accounts for 0.4% of all 7(a) approvals.
Is FirstBank's SBA lending rising?
Approvals in the three latest complete fiscal years total 35, against 28 in the three before: rising (+25%).
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