First Interstate Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First Interstate Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 272 | $127.0M | $467K | 8.2% |
| 722513 | Limited-Service Restaurants | 160 | $108.2M | $676K | 4.8% |
| 624410 | Child Day Care Services | 96 | $75.1M | $782K | 2.9% |
| 621310 | Offices of Chiropractors | 88 | $12.2M | $138K | 2.6% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 88 | $14.3M | $163K | 2.6% |
| 812199 | Other Personal Care Services | 80 | $17.7M | $221K | 2.4% |
| 561730 | Landscaping Services | 64 | $6.9M | $108K | 1.9% |
| 445110 | Supermarkets and Other Grocery (except Convenience) Stores | 64 | $35.2M | $550K | 1.9% |
| 812990 | All Other Personal Services | 56 | $29.9M | $535K | 1.7% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 56 | $22.1M | $395K | 1.7% |
Geographic Distribution
SBA lending activity for First Interstate Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Oregon (OR) | 624 | $267.5M | 18.7% |
| Idaho (ID) | 432 | $231.9M | 12.9% |
| Washington (WA) | 408 | $218.4M | 12.2% |
| South Dakota (SD) | 432 | $211.1M | 12.9% |
| Montana (MT) | 504 | $200.0M | 15.1% |
| Colorado (CO) | 224 | $174.1M | 6.7% |
| Iowa (IA) | 232 | $126.1M | 7.0% |
| Nebraska (NE) | 128 | $64.1M | 3.8% |
| Kansas (KS) | 128 | $52.7M | 3.8% |
| Missouri (MO) | 64 | $45.6M | 1.9% |
| Wyoming (WY) | 88 | $22.7M | 2.6% |
| Arizona (AZ) | 64 | $20.2M | 1.9% |
| California (CA) | 8 | $1.4M | 0.2% |
Why Choose First Interstate Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 3,336 SBA loans approved, totaling $1.64B in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Limited-Service Restaurants, Child Day Care Services
- ✓Competitive Terms: Average interest rate of 7.66% with flexible term lengths averaging 138 months
- ✓Loan Range: Loan sizes from $8K to $5.0M, with an average of $490K
- ✓Nationwide Reach: Active lending in 13 states, with strong presence in OR, MT, SD
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 Interstate Bank SBA lending
What types of businesses does First Interstate Bank typically finance?
First Interstate Bank specializes in SBA 7(a) lending to specific industries including full-service restaurants, limited-service restaurants, child day care services, offices of chiropractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First Interstate Bank's typical SBA loan terms?
First Interstate Bank's SBA 7(a) loans typically feature an average interest rate of 7.66% and average term length of 138 months (approximately 12 years). Loan sizes range from $8K to $5.0M, with an average loan size of $490K.
Do I need a business valuation for a First Interstate Bank SBA loan?
Yes, First Interstate Bank 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 Interstate Bank compare to other SBA lenders?
First Interstate Bank has originated 3,336 SBA loans totaling $1.64B 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 Interstate Bank lend in?
First Interstate Bank provides SBA 7(a) financing with particularly strong presence in OR, MT, SD, ID, WA. 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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