Bank · Lino Lakes, MN
First Resource Bank (Lino Lakes, MN)
Made 20 SBA 7(a) change-of-ownership loans totaling $18.6M in FY2024 to FY2026: #152 of 1,054 lenders by loans and #175 by dollars. Lends in 3 states. Part of Ameri Financial Group Inc.
#152by loans, FY24–26
20loans
$18.6Mapproved
$775Kmedian loan
Volume
By fiscal year
Share of all loans = this lender’s loans as a share of every SBA acquisition loan that year.
| Fiscal year | Loans | Dollars | Median | Share of all loans |
|---|---|---|---|---|
| FY2024 | 2 | $3.5M | $1.7M | 0.0% |
| FY2025 | 10 | $8.5M | $607K | 0.1% |
| FY2026 | 8 | $6.6M | $842K | 0.1% |
Loan size
Deal size mix
35% of its loans were $1M or more.
- Under $350K3 loans · 15% · $509K
- $350K to $1M10 loans · 50% · $5.9M
- $1M to $2M5 loans · 25% · $6.3M
- $2M to $5M2 loans · 10% · $5.9M
Where the money goes
Top industries
| Industry | Loans | Dollars |
|---|---|---|
| Wholesale Trade | 5 | $4.0M |
| Construction | 3 | $2.2M |
| Administrative & Support, Waste Mgmt | 2 | $1.8M |
| Retail Trade | 2 | $3.3M |
| Real Estate & Rental & Leasing | 2 | $500K |
| Professional, Scientific & Technical Services | 2 | $1.1M |
| Manufacturing | 1 | $1.4M |
| Educational Services | 1 | $3.0M |
Business location
Top states
| Business state | Loans | Dollars |
|---|---|---|
| Minnesota | 18 | $15.1M |
| California | 1 | $3.0M |
| Wisconsin | 1 | $494K |
Keep exploring
Related pages
Top lenders in its top states
Its top industries and deal size
Lenders of similar size
Guides and rankings
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