Lenders › Firstrust Savings Bank
7(a) lenderConshohocken, PennsylvaniaFDIC-insured bank166th of 2,184 by approvals
Firstrust Savings 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 228 7(a) loans, worth $283M, through Firstrust Savings Bank of Conshohocken, Pennsylvania, an FDIC-insured bank in the SBA 7(a) program. By number of approvals that is 166th among 2,184 active 7(a) lenders.
In FY2025, the latest complete fiscal year, it had 42 approvals totalling $60.0M, up 8% on FY2024 (39). FY2026 to 30 Jun 2026 adds 37 more.
The median approval was $823K, against $190K for the 7(a) program as a whole; 5.7% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 23 states and territories and 62 counties, led by Pennsylvania (47.4%), New Jersey (25.0%) and Maryland (9.2%). The largest industry group was professional, scientific, and technical services at 18.9% of approvals, and 11.4% of approvals were to franchise businesses.
Of 391 disbursed loans approved in FY2010 to FY2021, SBA records 5 as charged off (1.3%), 299 as paid in full and 87 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* | 37 | $42.1M | $639K | $1.1M | 395 |
| FY2025 | 42 | $60.0M | $990K | $1.4M | 916 |
| FY2024 | 39 | $54.0M | $1.0M | $1.4M | 506 |
| FY2023 | 41 | $48.7M | $700K | $1.2M | 704 |
| FY2022 | 39 | $44.6M | $820K | $1.1M | 771 |
| FY2021 | 67 | $75.5M | $680K | $1.1M | 1,101 |
| FY2020 | 46 | $47.8M | $773K | $1.0M | 996 |
| FY2019 | 36 | $19.6M | $365K | $544K | 394 |
| FY2018 | 37 | $31.9M | $685K | $861K | 704 |
| FY2017 | 45 | $45.7M | $746K | $1.0M | 463 |
| FY2016 | 66 | $60.8M | $663K | $921K | 1,093 |
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 230 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 | 422 | 20,449 | 639,905 |
| Cancelled or never disbursed | 31 | 2,853 | 79,313 |
| Disbursed loans | 391 | 17,596 | 560,592 |
| Paid in full | 299 | 13,626 | 435,813 |
| Charged off | 5 | 1,040 | 36,891 |
| Still outstanding (status exempt from disclosure) | 87 | 2,930 | 87,888 |
| Charged off, share of disbursed loans | 1.3% | 5.9% | 6.6% |
| Dollars charged off, share of disbursed dollars | 0.5% | 2.6% | 2.5% |
| Dollars charged off | $1.7M | $171M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 64 | 35 | 0 | 0.0% | 2.8% |
| FY2020 | 44 | 23 | 0 | 0.0% | 4.0% |
| FY2019 | 32 | 23 | 1 | 3.1% | 6.7% |
| FY2018 | 34 | 22 | 2 | 5.9% | 7.9% |
| FY2017 | 43 | 38 | 0 | 0.0% | 7.7% |
| FY2016 | 59 | 53 | 1 | 1.7% | 7.2% |
| FY2015 | 33 | 30 | 0 | 0.0% | 6.9% |
| FY2014 | 31 | 28 | 0 | 0.0% | 6.4% |
| FY2013 | 23 | 20 | 0 | — | 6.0% |
| FY2012 | 14 | 14 | 0 | — | 6.3% |
| FY2011 | 13 | 12 | 1 | — | 6.9% |
| FY2010 | 1 | 1 | 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 | $823K | $190K |
| Average approval | $1.2M | $518K |
| Approvals of $150,000 or less | 5.7% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 40.4% | 34.3% |
| Approvals to franchise businesses | 11.4% | 11.5% |
| Jobs supported per approval, as reported | 17.5 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 1.3% | 6.6% |
States served
| # | State of the business (23 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Pennsylvania | 108 | $110M | 47.4% | |
| 2 | New Jersey | 57 | $74.9M | 25.0% | |
| 3 | Maryland | 21 | $19.7M | 9.2% | |
| 4 | New York | 14 | $24.0M | 6.1% | |
| 5 | Delaware | 3 | $8.5M | 1.3% | |
| 6 | Massachusetts | 3 | $2.9M | 1.3% | |
| 7 | Virginia | 3 | $1.3M | 1.3% | |
| 8 | New Mexico | 2 | — | 0.9% | |
| 9 | Florida | 2 | — | 0.9% | |
| 10 | Illinois | 2 | — | 0.9% | |
| 11 | Washington | 1 | — | 0.4% | |
| 12 | District of Columbia | 1 | — | 0.4% |
In Pennsylvania the lender accounts for 1.0% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (62 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Montgomery County, PA | 26 | $25.5M | 11.4% | |
| 2 | Philadelphia County, PA | 18 | $18.9M | 7.9% | |
| 3 | Bucks County, PA | 17 | $12.0M | 7.5% | |
| 4 | Delaware County, PA | 16 | $25.0M | 7.0% | |
| 5 | Bergen County, NJ | 11 | $13.2M | 4.8% | |
| 6 | Burlington County, NJ | 9 | $11.4M | 3.9% | |
| 7 | Lehigh County, PA | 9 | $7.7M | 3.9% | |
| 8 | Middlesex County, NJ | 7 | $12.8M | 3.1% | |
| 9 | Camden County, NJ | 7 | $7.9M | 3.1% | |
| 10 | Berks County, PA | 6 | $7.2M | 2.6% | |
| 11 | Baltimore city, MD | 6 | $5.8M | 2.6% | |
| 12 | Baltimore County, MD | 6 | $4.8M | 2.6% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Professional, Scientific, and Technical Services | 43 | 18.9% | |
| 2 | Retail Trade | 29 | 12.7% | |
| 3 | Other Services (except Public Administration) | 29 | 12.7% | |
| 4 | Manufacturing | 24 | 10.5% | |
| 5 | Health Care and Social Assistance | 22 | 9.6% | |
| 6 | Wholesale Trade | 18 | 7.9% | |
| 7 | Construction | 17 | 7.5% | |
| 8 | Accommodation and Food Services | 12 | 5.3% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 28 | 12.3% | |
| 2 | Beer, Wine, and Liquor StoresNAICS 4453 | 15 | 6.6% | |
| 3 | Restaurants and Other Eating PlacesNAICS 7225 | 12 | 5.3% | |
| 4 | Child Day Care ServicesNAICS 6244 | 9 | 3.9% | |
| 5 | Automotive Repair and MaintenanceNAICS 8111 | 8 | 3.5% | |
| 6 | Other Personal ServicesNAICS 8129 | 7 | 3.1% | |
| 7 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 6 | 2.6% | |
| 8 | Pharmaceutical and Medicine ManufacturingNAICS 3254 | 6 | 2.6% | |
| 9 | Personal Care ServicesNAICS 8121 | 6 | 2.6% | |
| 10 | Miscellaneous Durable Goods Merchant WholesalersNAICS 4239 | 5 | 2.2% |
Approval sizes
- $50,000 or less0.4%1
- $50,001 to $150,0005.3%12
- $150,001 to $350,00012.3%28
- $350,001 to $1 million45.2%103
- $1 million to $2 million18.9%43
- Over $2 million18.0%41
Loan terms
- 5 years or less2.2%5
- Over 5 to 10 years57.9%132
- Over 10 to 20 years6.6%15
- Over 20 years33.3%76
Age of the businesses
- Existing, more than 2 years old46.1%105
- New business, 2 years or less36.0%82
- Startup, loan funds will open the business4.4%10
- Change of ownership13.6%31
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 178 | 78.1% | |
| 2 | SBA Express Program | 26 | 11.4% | |
| 3 | International Trade Loans | 19 | 8.3% | |
| 4 | Preferred Lenders with WCP | 4 | 1.8% | |
| 5 | Working Capital CAPLine | 1 | 0.4% |
Franchise share
26 of 228 approvals in FY2021–FY2025 (11.4%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Meineke Car Care Center | 3 | 1.3% | |
| 2 | Dunkin' | 3 | 1.3% | |
| 3 | BounceU | 2 | 0.9% | |
| 4 | Dunkin' Donut | 2 | 0.9% | |
| 5 | Hand and Stone Massage and Facial Spa | 2 | 0.9% | |
| 6 | Manhattan Bagel | 2 | 0.9% | |
| 7 | Powerhouse Gym | 1 | 0.4% | |
| 8 | Lightbridge Academy | 1 | 0.4% |
Questions and answers
How many SBA loans does Firstrust Savings Bank make?
SBA approved 42 7(a) loans through Firstrust Savings Bank in FY2025, worth $60.0M, and 228 over FY2021 to FY2025. That ranks 166th of 2,184 active 7(a) lenders by number of approvals.
How large are Firstrust Savings Bank's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $823K and the average $1.2M. The program-wide median was $190K.
What is Firstrust Savings Bank's charge-off rate?
Of 391 disbursed loans approved in FY2010 to FY2021, SBA records 5 as charged off (1.3%), 299 as paid in full and 87 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 Firstrust Savings Bank lend to most?
By number of approvals in FY2021 to FY2025: other professional, scientific, and technical services (28); beer, wine, and liquor stores (15); restaurants and other eating places (12); child day care services (9).
Where does Firstrust Savings Bank make SBA loans?
In 23 states and territories. Pennsylvania 108, New Jersey 57, Maryland 21, New York 14, Delaware 3. In Pennsylvania it accounts for 1.0% of all 7(a) approvals.
Is Firstrust Savings Bank's SBA lending rising?
Approvals in the three latest complete fiscal years total 122, against 152 in the three before: falling (-20%).
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