America First SBA loans
Short answer
America First made 270 SBA loans from October 2023 to June 2026. The median term was 25 years, against 10 years for all lenders, per SBA's loan file.
- SBA loans, Oct 2023 to Jun 2026
- 270
- dollars approved
- $293.43M
- median loan
- $698,000
This site is not America First
sbaexpress.loans is not America First, and America First did not provide, review or pay for this page. Janover Capital LLC runs this site. The loan figures here come from SBA's public 7(a) loan file, not from America First.
Loan sizes
The medianThe middle figure. Half the loans were larger and half were smaller. loan America First approved from October 2023 to June 2026 was $698,000. A quarter of its loans were smaller than $418,100 and a quarter were larger than $1,347,500. For all lenders the median was $150,300. Its median is about 4.6 times the all-lender median. The average loan was $1,086,779.
Shares are of all 270 loans. Fewer than 5 marks a band whose count we do not publish.
Age of the businesses it lends to
The largest group was businesses in operation more than 2 years, at 47.8% of this lender's loans, against 57.5% for all lenders.
Fewer than 5 marks a group whose count we do not publish.
SBA Express and lines of credit
Fewer than 5 of this lender's loans went through SBA Express, below the 35.8% for all lenders. Fewer than 5 were lines of creditA credit limit you can draw on, repay and draw on again. , below the 28.1% for all lenders.
| Share of loans | America First | All lenders |
|---|---|---|
| Through SBA Express | Fewer than 5 | 35.8% |
| Lines of credit | Fewer than 5 | 28.1% |
A line of credit lets a business draw money, repay it and draw again. SBA's file flags these loans as revolving.
What SBA Express means
An SBA Express loan can be up to $500,000. On these loans, the lender makes the credit decision without prior SBA review.
Source: SOP 50 10 8.1, Sec. B, Ch. 2, Para. B.1 (p. 126); SOP 50 10 8.1, Sec. B, Ch. 2, Para. C.2 (Para. C begins p. 127).
Where it lends
The most loans went to businesses in Utah: 82 of 270, or 30.4%. It made 5 or more loans in each of 7 states. State is where the business is, not where the lender is based.
| State | Loans | Share of its loans |
|---|---|---|
| Utah | 82 | 30.4% |
| Arizona | 67 | 24.8% |
| Nevada | 62 | 23.0% |
| Idaho | 14 | 5.2% |
| California | 12 | 4.4% |
State names link to this lender's page for that state where we publish one.
1 state page for this lender
Each page covers this lender's loans in one state.
What it lends to
Full-Service Restaurants had the most loans: 16 of 270. The table lists industries with 5 or more loans, at most five.
| Industry | Loans | Share of its loans |
|---|---|---|
| Full-Service Restaurants | 16 | 5.9% |
| Child Care Services | 11 | 4.1% |
| Gasoline Stations with Convenience Stores | 11 | 4.1% |
| Snack and Nonalcoholic Beverage Bars | 11 | 4.1% |
| Limited-Service Restaurants | 9 | 3.3% |
Industry is the NAICS code recorded on each loan.
About the lender
- Type: Credit union
- Location: Riverdale, UT (headquarters, per NCUA)
- Legal name on SBA's file: America First Federal Credit Union
- NCUA charter number: 24694
- Official website: www.americafirst.com (as NCUA has it on file; we do not control it)
This page describes loans SBA approved. It does not show denied applications, today's rates, fees or credit standards. It is not an offer from America First. To ask America First about a loan, contact it directly.
Starting rates and spread over Prime
The median starting rate on this lender's loans approved from October 2023 to June 2026 was 8.00%. The median spread was 0.5 percentage points over Prime. For all lenders the medians were 10.25% and 2.75 percentage points over Prime.
Both its median starting rate and its median spread were lower than the all-lender medians.
The starting rate follows Prime on the day a loan was approved. The spread over Prime is the steadier way to compare lenders and years. Spread is measured on variable-rate loans only.
SBA's ceiling on variable rates
For variable-rate loans, SBA caps the rate at Prime plus 3.0 to 6.5 percentage points, depending on loan size. Today's ceilings by loan size are on the rates page.
Source: 13 CFR § 120.214(d).
Loans by year
From FY2024 to FY2025, the number of loans fell 7% (102 to 95). Across all lenders it rose 2.4%.
SBA's fiscal year runs October 1 to September 30. FY2026 covers October 1, 2025 to June 30, 2026 only. Fewer than 5 marks a year whose count we do not publish.
Charge-offs
America First approved 388 loans from October 2019 to September 2022. By June 30, 2026, fewer than 5 had been charged offThe lender wrote the loan off as a loss because it was not being repaid. . We show no rate, because a rate beside a group of known size would give the count away. For all lenders, 3.6% of loans had been charged off.
How charge-offs are counted
We count only loans approved October 1, 2019 to September 30, 2022 (FY2020 to FY2022). Newer loans have not had time to go bad. A charge-off means the lender wrote the loan off as a loss. The rate by loans is charged-off loans divided by approved loans. The rate by dollars is the charged-off balance divided by approved dollars. Both run through June 30, 2026.
The two rates can differ widely for a lender that writes many small loans. A small loan adds one to the count but little to the dollars.
SBA's file covers approved loans only. This says nothing about how often applications are approved.
Lenders with a similar number of loans
These five lenders are the nearest to America First by number of SBA loans. Their pages show the same figures, so you can compare loan sizes and loan types. It ranks 70th of 807 lenders by loans approved from October 2023 to June 2026.
| Lender | Loans | Median loan | Express | Lines of credit | Charge-offs |
|---|---|---|---|---|---|
| Truliant FCU | 274 | $1,016,000 | Fewer than 5 | Fewer than 5 | 0.0% |
| The Bancorp Bank | 273 | $790,000 | 7.0% | 5.1% | Fewer than 5 |
| America First | 270 | $698,000 | Fewer than 5 | Fewer than 5 | Fewer than 5 |
| PCB Bank | 264 | $651,000 | 0.0% | 0.0% | 0.0% |
| Washington Trust Bank | 264 | $206,000 | 46.2% | 37.5% | Fewer than 5 |
| Magnifi Financial CU | 260 | $244,250 | Fewer than 5 | Fewer than 5 | Fewer than 5 |
Express and lines of credit are shares of loans. Charge-offs are the share of loans approved October 2019 to September 2022 that had been charged off by June 30, 2026. Fewer than 5 marks a share that would stand for 1 to 4 loans, which we do not publish.
How to read this
Counts come from SBA's 7(a) loan-level data release, as of June 30, 2026. The file lists loans SBA approved. It does not list declined applications, so it cannot show approval odds. We do not publish any figure built on fewer than 5 loans. A lender's past loans do not describe its current credit policy. Recent loans were approved October 1, 2023 to June 30, 2026. The full file starts October 1, 2019. SBA's fiscal year runs October 1 to September 30. Express counts SBA Express and Export Express loans. Spread over Prime is measured on variable-rate loans. How we build these pages.
Sources
Download this page's data: JSON · CSV
Cite this page: America First SBA loans. SBA Express Loans, Janover Capital LLC (data as of June 30, 2026). https://www.sbaexpress.loans/sba-express-lenders/america-first/
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