States Served
Top Industries Financed
- Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesal
Quick Summary
First State Bank is an SBA-approved lender headquartered in MENDOTA, Illinois. Since 2020, they have approved 1 SBA 7(a) loans totaling $4.5M, with an average loan size of $4.5M. They primarily serve Illinois businesses.
About First State Bank
First State Bank is an SBA-approved lender headquartered in MENDOTA, Illinois. Since 2020, they have approved 1 SBA 7(a) loans totaling $4.5M, with an average loan size of $4.5M. They primarily serve businesses in Illinois.
Before you apply — know where you stand
Nav is the only place where you can track your FICO SBSS score — the score the SBA uses to determine loan eligibility.
Helpful SBA Borrower Guides
Frequently Asked Questions
Is First State Bank an SBA Preferred Lender?
First State Bank is an SBA-approved lender but does not currently hold Preferred Lender (PLP) status. Loan approvals require standard SBA review, which typically adds 2–4 weeks to the process.
How many SBA loans has First State Bank approved?
According to SBA FOIA public records, First State Bank has approved 1 SBA 7(a) loans totaling $4.5M since 2020. Their average loan size is $4.5M.
What states does First State Bank serve?
First State Bank primarily serves businesses in Illinois.
How do I apply for an SBA loan with First State Bank?
To apply for an SBA 7(a) loan with First State 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+.
Get in Touch with This Lender
Contact First State Bank
Ready to Apply for an SBA Loan?
Check if you qualify in minutes — no impact to your credit score.
SBA 7(a) loans up to $5M · Rates from 10.5% · As fast as 7 days