First Federal Bank & Trust
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First Federal Bank & Trust
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 8 | $600K | $75K | 33.3% |
| 541620 | Environmental Consulting Services | 8 | $2.0M | $250K | 33.3% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 8 | $1.2M | $150K | 33.3% |
Geographic Distribution
SBA lending activity for First Federal Bank & Trust by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Wyoming (WY) | 16 | $2.6M | 66.7% |
| Montana (MT) | 8 | $1.2M | 33.3% |
Why Choose First Federal Bank & Trust?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 24 SBA loans approved, totaling $3.8M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Environmental Consulting Services, Snack and Nonalcoholic Beverage Bars
- ✓Competitive Terms: Average interest rate of 6.00% with flexible term lengths averaging 74 months
- ✓Loan Range: Loan sizes from $75K to $250K, with an average of $158K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in WY, MT
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about First Federal Bank & Trust SBA lending
What types of businesses does First Federal Bank & Trust typically finance?
First Federal Bank & Trust specializes in SBA 7(a) lending to specific industries including full-service restaurants, environmental consulting services, snack and nonalcoholic beverage bars. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First Federal Bank & Trust's typical SBA loan terms?
First Federal Bank & Trust's SBA 7(a) loans typically feature an average interest rate of 6.00% and average term length of 74 months (approximately 6 years). Loan sizes range from $75K to $250K, with an average loan size of $158K.
Do I need a business valuation for a First Federal Bank & Trust SBA loan?
Yes, First Federal Bank & Trust typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does First Federal Bank & Trust compare to other SBA lenders?
First Federal Bank & Trust has originated 24 SBA loans totaling $3.8M since 2020. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does First Federal Bank & Trust lend in?
First Federal Bank & Trust provides SBA 7(a) financing with particularly strong presence in WY, MT. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
Explore Industry Reports →Need a Business Valuation?
Professional valuations are often required for SBA loans over $250,000.
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