First Interstate Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First Interstate Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 107 | $43.6M | $407K | 1.6% |
| 621210 | Offices of Dentists | 99 | $25.9M | $262K | 1.5% |
| 621310 | Offices of Chiropractors | 96 | $8.8M | $91K | 1.4% |
| 811111 | General Automotive Repair | 94 | $13.9M | $148K | 1.4% |
| 721110 | Hotels (except Casino Hotels) and Motels | 84 | $97.3M | $1.2M | 1.3% |
| 722410 | Drinking Places (Alcoholic Beverages) | 83 | $22.7M | $274K | 1.2% |
| 624410 | Child Care Services | 82 | $20.5M | $250K | 1.2% |
| 561730 | Landscaping Services | 77 | $9.8M | $128K | 1.2% |
| 812112 | Beauty Salons | 74 | $8.9M | $120K | 1.1% |
| 238990 | All Other Specialty Trade Contractors | 73 | $15.3M | $209K | 1.1% |
Geographic Distribution
SBA lending activity for First Interstate Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Montana (MT) | 2,143 | $468.1M | 32.2% |
| Washington (WA) | 458 | $213.9M | 6.9% |
| South Dakota (SD) | 873 | $178.8M | 13.1% |
| Oregon (OR) | 579 | $164.7M | 8.7% |
| Idaho (ID) | 760 | $164.3M | 11.4% |
| Nebraska (NE) | 699 | $148.5M | 10.5% |
| Iowa (IA) | 387 | $120.6M | 5.8% |
| Colorado (CO) | 202 | $97.6M | 3.0% |
| Wyoming (WY) | 388 | $74.0M | 5.8% |
| Kansas (KS) | 47 | $24.7M | 0.7% |
| Missouri (MO) | 36 | $23.2M | 0.5% |
| Arizona (AZ) | 32 | $14.1M | 0.5% |
| Minnesota (MN) | 10 | $6.7M | 0.2% |
| North Dakota (ND) | 7 | $3.3M | 0.1% |
| California (CA) | 6 | $1.4M | 0.1% |
| Wisconsin (WI) | 2 | $1.1M | 0.0% |
| New Hampshire (NH) | 1 | $800K | 0.0% |
| Michigan (MI) | 2 | $776K | 0.0% |
| North Carolina (NC) | 2 | $556K | 0.0% |
| Massachusetts (MA) | 2 | $442K | 0.0% |
| Virginia (VA) | 2 | $440K | 0.0% |
| Illinois (IL) | 3 | $311K | 0.0% |
| Nevada (NV) | 2 | $220K | 0.0% |
| Alabama (AL) | 2 | $57K | 0.0% |
| New York (NY) | 1 | $50K | 0.0% |
| Utah (UT) | 1 | $50K | 0.0% |
| Indiana (IN) | 1 | $35K | 0.0% |
| New Jersey (NJ) | 1 | $25K | 0.0% |
| Louisiana (LA) | 1 | $10K | 0.0% |
Why Choose First Interstate Bank?
Based on SBA 7(a) lending track record from 1991-2025
- ✓Proven Track Record: 6,650 SBA loans approved, totaling $1.71B in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Offices of Dentists, Offices of Chiropractors
- ✓Competitive Terms: Average interest rate of 6.13% with flexible term lengths averaging 111 months
- ✓Loan Range: Loan sizes from $1K to $5.0M, with an average of $257K
- ✓Nationwide Reach: Active lending in 29 states, with strong presence in MT, SD, ID
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, offices of dentists, offices of chiropractors, general automotive repair. 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 6.13% and average term length of 111 months (approximately 9 years). Loan sizes range from $1K to $5.0M, with an average loan size of $257K.
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 6,650 SBA loans totaling $1.71B since 1991. 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 MT, SD, ID, NE, OR. 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.
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