SBAPULSE

First State Bank

Headquartered in SHALLOWATER, TX

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7(a) Lending

Gross approval amounts

FY2026 Volume

$10.1M

#334 by FY2026 volume

FY2026 Loans

9

$1.1M avg size

FY2022–FY2026 Volume

$93.7M

FY2022–FY2026 Loans

99

Annual Trend

Approval volume (bars) and loan count (line)

Volume (left axis)Loans (right axis)

Geographic Footprint

Approval volume by project state, FY2026

Low
High

Activity by State

4 states, districts, and territories with activity

#
1TX3$5.5M$1.8M
2WI3$2.4M$813K
3MI1$1.1M$1.1M
4MS2$1.0M$514K
Explore 7(a) loan-level performance

504 Third Party Lending

First mortgage amounts committed alongside 504 debentures

FY2026 Volume

$16.6M

#133 by FY2026 volume

FY2026 Loans

10

$1.7M avg size

FY2022–FY2026 Volume

$54.8M

FY2022–FY2026 Loans

41

Annual Trend

Approval volume (bars) and loan count (line)

Volume (left axis)Loans (right axis)

Geographic Footprint

Approval volume by project state, FY2026

Low
High

Activity by State

4 states, districts, and territories with activity

#
1WI3$10.2M$3.4M
2MI5$3.5M$700K
3TX1$2.1M$2.1M
4ND1$0.7M$735K
Explore 504 loan-level performance as third party lender

Source: SBA lender activity reports, data as of Sep 30, 2026. Historical years reflect fiscal year-end figures and are not restated for subsequent acquisitions or mergers. See data sources & methodology.