Top Industries Financed
- General Line Grocery Merchant Wholesalers
- Highway, Street, and Bridge Construction
- Electrical Contractors
- Sign Manufacturing
- Offices of Physicians (except Mental Health Specialists)
Quick Summary
First American Bank is an SBA-approved lender headquartered in Elk Grove Village, Illinois. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 196 SBA 7(a) loans totaling $165.1M, with an average loan size of $842K. They serve businesses across 10 states.
About First American Bank
First American Bank is an SBA-approved lender headquartered in Elk Grove Village, Illinois. Since 2020, they have approved 196 SBA 7(a) loans totaling $165.1M, with an average loan size of $842K. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They serve businesses across 10 states.
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Nav is the only place where you can track your FICO SBSS score — the score the SBA uses to determine loan eligibility.
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Frequently Asked Questions
Is First American Bank an SBA Preferred Lender?
Yes, First American Bank is an SBA Preferred Lender (PLP). This means they have delegated authority from the SBA to approve loans without prior SBA review, resulting in faster approvals — typically 7–10 business days instead of 4–6 weeks.
How many SBA loans has First American Bank approved?
According to SBA FOIA public records, First American Bank has approved 196 SBA 7(a) loans totaling $165.1M since 2020. Their average loan size is $842K.
What states does First American Bank serve?
First American Bank serves businesses in 10 states: Arizona, Florida, Illinois, Indiana, Michigan, Missouri, New York, Ohio, Texas, Wisconsin.
How do I apply for an SBA loan with First American Bank?
To apply for an SBA 7(a) loan with First American Bank, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.
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