First American Bank
IL
SBA-approved lender offering 6 loan programs across 12 industries.
Key Metrics
Interest Rate
7.66%
0.91% over prime
Average Loan
$958K
Per approval
Total Approvals
31
FY 2025
Loan Programs (6)
Change of Ownership
Existing or more than 2 years old
Fixed Rates
Loan Funds will Open Business
Preferred Lenders Program
New Business or 2 years or less
Industries Served (12)
All Other Amusement and Recreation IndustriesAll Other Specialty Trade ContractorsConstruction and Mining (except Oil Well) Machinery and Equipment MerchantsDrinking Places (Alcoholic Beverages)Full-Service RestaurantsMachine ShopsOther Building Equipment ContractorsOther Miscellaneous Durable Goods Merchant WholesalersOther Services to Buildings and DwellingsPet Care (except Veterinary) ServicesPoultry and Poultry Product Merchant WholesalersTesting Laboratories
Additional Details
- Prime Rate
- 6.75%
- Rate Over Prime
- 0.91%
- Effective Rate
- 7.66%
- Fiscal Year
- 2025
- States Served
- IL
- Website
- www.firstambank.com
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