First American Bank: SBA Lending Profile
First American Bank is an FDIC-insured bank, headquartered in Elk Grove Village, IL. It is active in 11 states, concentrated around IL, FL, NM. Everything below comes from federal SBA loan records, not from the lender's marketing. This is what it has actually funded.
Loan sizes First American Bank actually approves
The median SBA approval at First American Bank is $475,500. The middle 80% of its loans fall between $116,800 and $2,000,000. The smallest approval on record since 2020 is $25,000 and the largest is $5,000,000. If the amount you need sits far outside that range, this is probably not the right first call, no matter what the website says.
Programs
| Program | Loans FY25-26 | Median size | Median rate | Median term |
|---|---|---|---|---|
| SBA 7(a) | 57 | $476K | 6.57% | 10 years |
| 504 first mortgage (third party) | 8 | $535K | n/a | 20 years |
| 504 first mortgage (third party) | 3 | $730K | n/a | 25 years |
Industries it funds most
| Industry | Loans since 2020 | Share |
|---|---|---|
| Machine Shops | 8 | 3.5% |
| General Line Grocery Merchant Wholesalers | 7 | 3.1% |
| Highway, Street, and Bridge Construction | 6 | 2.6% |
| Electrical Contractors and Other Wiring Installation Contractors | 6 | 2.6% |
| Offices of Physicians (except Mental Health Specialists) | 5 | 2.2% |
| Construction and Mining (except Oil Well) Machinery and Equipment Merchant Wholesalers | 5 | 2.2% |
| Toy and Hobby Goods and Supplies Merchant Wholesalers | 5 | 2.2% |
| Flooring Contractors | 5 | 2.2% |
| Residential Remodelers | 5 | 2.2% |
| All Other Amusement and Recreation Industries | 4 | 1.8% |
| Other Industrial Machinery Manufacturing | 4 | 1.8% |
| Special Die and Tool, Die Set, Jig, and Fixture Manufacturing | 4 | 1.8% |
Conventional small business lending, beyond SBA
SBA loans are a fraction of most banks' small business lending. Under the Community Reinvestment Act, First American Bank reported 369 small business loan originations in 2024, totaling $129M, at an average of about $351K per loan across 19 states. 37.9% of those loans went to businesses with under $1M in annual revenue.
Borrower profile
- 18.5% of its recent SBA loans went to startups or businesses under two years old.
- Collateral was taken on 95.6% of its recent SBA loans.
- 52.6% of its SBA lending is revolving lines of credit rather than term loans.
- 10.5% of its loans carry fixed rates; the rest are variable.
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Sources and limits. Figures are derived from U.S. Small Business Administration 7(a) and 504 FOIA loan-level records (data as of 2026-06-30, retrieved 2026-08-08) and FDIC public institution data. Conventional small business lending figures from FFIEC CRA disclosure data (2024 activity year); CRA loan counts include business credit card originations at some institutions. They describe past lending activity only. They are not rate quotes, not current offers, and not an indication that any business will qualify. Lender programs and criteria change. Big Brain Funding is not affiliated with or endorsed by First American Bank.