First International Bank & Trust
SBA 7(a) Lending Profile · FY 2021 analysis
Industry Focus
Top industries served by First International Bank & Trust
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812990 | All Other Personal Services | 16 | $1.1M | $71K | 15.4% |
| 333111 | Farm Machinery and Equipment Manufacturing | 16 | $2.6M | $165K | 15.4% |
| 541990 | All Other Professional, Scientific, and Technical Services | 16 | $22.4M | $1.4M | 15.4% |
| 621310 | Offices of Chiropractors | 8 | $1.6M | $195K | 7.7% |
| 811111 | General Automotive Repair | 8 | $1.6M | $200K | 7.7% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 8 | $1.1M | $137K | 7.7% |
| 711120 | Dance Companies | 8 | $800K | $100K | 7.7% |
| 237310 | Highway, Street, and Bridge Construction | 8 | $7.6M | $954K | 7.7% |
| 323111 | Commercial Gravure Printing | 8 | $36.9M | $4.6M | 7.7% |
| 532120 | Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasi | 8 | $1.6M | $205K | 7.7% |
Geographic Distribution
SBA lending activity for First International Bank & Trust by state
| State | Loans | Volume | Share |
|---|---|---|---|
| North Dakota (ND) | 72 | $73.7M | 69.2% |
| Minnesota (MN) | 32 | $3.8M | 30.8% |
Why Choose First International Bank & Trust?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 104 SBA loans approved, totaling $77.5M in financing
- ✓Industry Expertise: Specialized focus on All Other Personal Services, Farm Machinery and Equipment Manufacturing, All Other Professional, Scientific, and Technical Services
- ✓Competitive Terms: Average interest rate of 6.64% with flexible term lengths averaging 87 months
- ✓Loan Range: Loan sizes from $36K to $4.6M, with an average of $745K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in ND, MN
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 International Bank & Trust SBA lending
What types of businesses does First International Bank & Trust typically finance?
First International Bank & Trust specializes in SBA 7(a) lending to specific industries including all other personal services, farm machinery and equipment manufacturing, all other professional, scientific, and technical services, offices of chiropractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First International Bank & Trust's typical SBA loan terms?
First International Bank & Trust's SBA 7(a) loans typically feature an average interest rate of 6.64% and average term length of 87 months (approximately 7 years). Loan sizes range from $36K to $4.6M, with an average loan size of $745K.
Do I need a business valuation for a First International Bank & Trust SBA loan?
Yes, First International 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 International Bank & Trust compare to other SBA lenders?
First International Bank & Trust has originated 104 SBA loans totaling $77.5M 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 International Bank & Trust lend in?
First International Bank & Trust provides SBA 7(a) financing with particularly strong presence in ND, MN. 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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