First Resource Bank: SBA Lending Profile
First Resource Bank is an FDIC-insured bank, headquartered in Lino Lakes, MN. It is active in 9 states, concentrated around MN, PA, WI. Everything below comes from federal SBA loan records, not from the lender's marketing. This is what it has actually funded.
Loan sizes First Resource Bank actually approves
The median SBA approval at First Resource Bank is $308,000. The middle 80% of its loans fall between $60,000 and $1,424,860. The smallest funded approval in the available source window is $15,000 and the largest is $4,988,000. 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) | 63 | $308K | 9.25% | 10 years |
| 504 first mortgage (third party) | 5 | $441K | n/a | 20 years |
Industries it funds most
| Industry | Funded loans in source data | Share |
|---|---|---|
| Residential Remodelers | 6 | 5.1% |
| Full-Service Restaurants | 5 | 4.3% |
| Other Commercial and Industrial Machinery and Equipment Rental and Leasing | 5 | 4.3% |
| Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers | 4 | 3.4% |
| Cut Stone and Stone Product Manufacturing | 4 | 3.4% |
| All Other Specialty Trade Contractors | 4 | 3.4% |
| Commercial and Institutional Building Construction | 4 | 3.4% |
| Metal Window and Door Manufacturing | 3 | 2.6% |
| Clothing and Clothing Accessories Retailers | 3 | 2.6% |
| Limited-Service Restaurants | 3 | 2.6% |
| Soft Drink Manufacturing | 3 | 2.6% |
| Breweries | 3 | 2.6% |
How fast First Resource Bank actually funds
Approval is not money in the bank. Across 110 loans where both dates are on record, the typical gap between SBA approval and first disbursement at First Resource Bank is 12 days. Half its loans fund between 4 and 21 days. That is fast. The typical SBA lender takes about 20 days, and many take far longer.
Lending momentum
SBA approvals at First Resource Bank by fiscal year.
Funded approvals by SBA fiscal year (October to September). FY2026 is excluded because it is still in progress.
Borrower profile
- 19.7% of its funded SBA records with known business age went to startups or businesses under two years old.
- Collateral was taken on 99.1% of its recent SBA loans.
- 36.8% of its SBA lending is revolving lines of credit rather than term loans.
- 6.8% 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. Funding speed is the median gap between approval date and first disbursement date in SBA records. Some lenders report disbursement at month end, which can round the figure upward. 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 Resource Bank.