First National Bank & Trust Co
SBA 7(a) Lending Profile · FY 2023 analysis
Industry Focus
Top industries served by First National Bank & Trust Co
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722410 | Drinking Places (Alcoholic Beverages) | 24 | $3.5M | $144K | 10.7% |
| 722511 | Full-Service Restaurants | 24 | $5.8M | $243K | 10.7% |
| 332710 | Machine Shops | 24 | $9.4M | $390K | 10.7% |
| 423910 | Sporting and Recreational Goods and Supplies Merchant Wholesalers | 16 | $27.0M | $1.7M | 7.1% |
| 722330 | Mobile Food Services | 16 | $1.4M | $85K | 7.1% |
| 444230 | Other | 16 | $4.9M | $305K | 7.1% |
| 311412 | Frozen Specialty Food Manufacturing | 16 | $4.4M | $274K | 7.1% |
| 488390 | Other Support Activities for Water Transportation | 16 | $1.2M | $74K | 7.1% |
| 541940 | Veterinary Services | 16 | $3.9M | $247K | 7.1% |
| 811114 | Other | 8 | $406K | $51K | 3.6% |
Geographic Distribution
SBA lending activity for First National Bank & Trust Co by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Michigan (MI) | 136 | $45.9M | 60.7% |
| Wisconsin (WI) | 88 | $23.6M | 39.3% |
Why Choose First National Bank & Trust Co?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 224 SBA loans approved, totaling $69.5M in financing
- ✓Industry Expertise: Specialized focus on Drinking Places (Alcoholic Beverages), Full-Service Restaurants, Machine Shops
- ✓Competitive Terms: Average interest rate of 7.14% with flexible term lengths averaging 146 months
- ✓Loan Range: Loan sizes from $10K to $2.5M, with an average of $310K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in MI, WI
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 National Bank & Trust Co SBA lending
What types of businesses does First National Bank & Trust Co typically finance?
First National Bank & Trust Co specializes in SBA 7(a) lending to specific industries including drinking places (alcoholic beverages), full-service restaurants, machine shops, sporting and recreational goods and supplies merchant wholesalers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First National Bank & Trust Co's typical SBA loan terms?
First National Bank & Trust Co's SBA 7(a) loans typically feature an average interest rate of 7.14% and average term length of 146 months (approximately 12 years). Loan sizes range from $10K to $2.5M, with an average loan size of $310K.
Do I need a business valuation for a First National Bank & Trust Co SBA loan?
Yes, First National Bank & Trust Co 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 National Bank & Trust Co compare to other SBA lenders?
First National Bank & Trust Co has originated 224 SBA loans totaling $69.5M 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 National Bank & Trust Co lend in?
First National Bank & Trust Co provides SBA 7(a) financing with particularly strong presence in MI, WI. 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.
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Professional valuations are often required for SBA loans over $250,000.
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