First Mid Bank & Trust, National Association
SBA 7(a) Lending Profile · FY 2026 analysis
Industry Focus
Top industries served by First Mid Bank & Trust, National Association
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 136 | $83.3M | $613K | 8.7% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 72 | $15.8M | $220K | 4.6% |
| 484121 | General Freight Trucking, Long Distance, Truckload | 64 | $59.6M | $931K | 4.1% |
| 722513 | Limited-Service Restaurants | 56 | $14.6M | $261K | 3.6% |
| 811111 | General Automotive Repair | 40 | $7.9M | $198K | 2.6% |
| 423990 | Other Miscellaneous Durable Goods Merchant Wholesalers | 40 | $12.4M | $311K | 2.6% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 40 | $14.7M | $367K | 2.6% |
| 561730 | Landscaping Services | 32 | $8.5M | $264K | 2.0% |
| 811121 | Automotive Body, Paint, and Interior Repair and Maintenance | 32 | $9.6M | $301K | 2.0% |
| 624410 | Child Day Care Services | 32 | $29.4M | $919K | 2.0% |
Geographic Distribution
SBA lending activity for First Mid Bank & Trust, National Association by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Illinois (IL) | 1,224 | $382.9M | 78.1% |
| Texas (TX) | 152 | $195.8M | 9.7% |
| Missouri (MO) | 136 | $68.2M | 8.7% |
| Kansas (KS) | 8 | $28.3M | 0.5% |
| Colorado (CO) | 8 | $9.8M | 0.5% |
| Iowa (IA) | 16 | $9.0M | 1.0% |
| Indiana (IN) | 16 | $3.2M | 1.0% |
| Wisconsin (WI) | 8 | $2.7M | 0.5% |
Why Choose First Mid Bank & Trust, National Association?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 1,568 SBA loans approved, totaling $699.8M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Snack and Nonalcoholic Beverage Bars, General Freight Trucking, Long Distance, Truckload
- ✓Competitive Terms: Average interest rate of 6.35% with flexible term lengths averaging 129 months
- ✓Loan Range: Loan sizes from $9K to $3.6M, with an average of $446K
- ✓Nationwide Reach: Active lending in 8 states, with strong presence in IL, TX, MO
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 Mid Bank & Trust, National Association SBA lending
What types of businesses does First Mid Bank & Trust, National Association typically finance?
First Mid Bank & Trust, National Association specializes in SBA 7(a) lending to specific industries including full-service restaurants, snack and nonalcoholic beverage bars, general freight trucking, long distance, truckload, limited-service restaurants. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First Mid Bank & Trust, National Association's typical SBA loan terms?
First Mid Bank & Trust, National Association's SBA 7(a) loans typically feature an average interest rate of 6.35% and average term length of 129 months (approximately 11 years). Loan sizes range from $9K to $3.6M, with an average loan size of $446K.
Do I need a business valuation for a First Mid Bank & Trust, National Association SBA loan?
Yes, First Mid Bank & Trust, National Association 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 Mid Bank & Trust, National Association compare to other SBA lenders?
First Mid Bank & Trust, National Association has originated 1,568 SBA loans totaling $699.8M 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 Mid Bank & Trust, National Association lend in?
First Mid Bank & Trust, National Association provides SBA 7(a) financing with particularly strong presence in IL, TX, MO, IN, IA. 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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