First State Bank
Headquartered in SHALLOWATER, TX. Analysis based on 118 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $120.1M.
Total 7(a) loans
118
Total approved
$120.1M
Average loan
$1.0M
States funded in
13
Charge-off rate
2.41%
FY2020–FY2023 cohort
Paid-in-full rate
20.48%
Average rate
7.18%
Average term
158 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 722511 | Full-Service Restaurants | 14 |
| 722513 | Limited-Service Restaurants | 8 |
| 721110 | Hotels (except Casino Hotels) and Motels | 6 |
| 722515 | Snack and Nonalcoholic Beverage Bars | 4 |
| 238990 | All Other Specialty Trade Contractors | 4 |
| 446110 | Pharmacies and Drug Stores | 3 |
| 484110 | General Freight Trucking, Local | 3 |
| 713940 | Fitness and Recreational Sports Centers | 3 |
| 621210 | Offices of Dentists | 3 |
| 561720 | Janitorial Services | 3 |
Top 10 states
| State | Loans |
|---|---|
| TX | 46 |
| MS | 16 |
| OK | 13 |
| AR | 12 |
| MI | 9 |
| WI | 6 |
| IA | 6 |
| ND | 4 |
| MO | 2 |
| KS | 1 |
Top franchise brands financed
29 franchise loans across 19 distinct brands.
| Franchise | Loans |
|---|---|
| Simple Simon's Pizza | 9 |
| Duraclean | 2 |
| Nothing Bundt Cakes | 2 |
| Biggby Coffee | 1 |
| Brad Hall & Associates Inc. (P | 1 |
| Pinspiration | 1 |
| Hungry Howie's | 1 |
| SEI Fuel Services, Inc (Multi | 1 |
| The UPS Store (f/k/a Mail Box | 1 |
| iCRYO Franchise System LLC | 1 |
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Data source & methodology
All figures computed from the SBA Office of Capital Access FOIA dataset (7(a) loans, FY2020–present, as of 2025-12-31). Charge-off and paid-in-full rates are calculated on the FY2020–FY2023 cohort only, so loans have had time to mature. Charge-off rank covers lenders with ≥500 mature loans.