First State Bank and Trust
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First State Bank and Trust · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 5 | $566K | $113K | 6.7% |
| 812112 | Beauty Salons | 4 | $431K | $108K | 5.3% |
| 238910 | Site Preparation Contractors | 2 | $718K | $359K | 2.7% |
| 312120 | Breweries | 2 | $1.5M | $732K | 2.7% |
| 524210 | Insurance Agencies and Brokerages | 2 | $513K | $257K | 2.7% |
| 459510 | Used Merchandise Retailers | 2 | $160K | $80K | 2.7% |
| 445320 | Beer, Wine, and Liquor Retailers | 2 | $326K | $163K | 2.7% |
| 541611 | Administrative Management and General Management Consulting Services | 2 | $654K | $327K | 2.7% |
| 811198 | All Other Automotive Repair and Maintenance | 2 | $186K | $93K | 2.7% |
| 621310 | Offices of Chiropractors | 2 | $184K | $92K | 2.7% |
Geographic Distribution
SBA lending activity for First State Bank and Trust by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Kansas (KS) | 41 | $7.5M | 54.7% |
| Wisconsin (WI) | 10 | $3.7M | 13.3% |
| Illinois (IL) | 9 | $2.7M | 12.0% |
| Minnesota (MN) | 11 | $1.7M | 14.7% |
| Missouri (MO) | 2 | $345K | 2.7% |
| Oklahoma (OK) | 2 | $130K | 2.7% |
Why Choose First State Bank and Trust?
Based on SBA 7(a) lending track record from 1992-2025
- ✓Proven Track Record: 75 SBA loans approved, totaling $16.0M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Beauty Salons, Site Preparation Contractors
- ✓Competitive Terms: Average interest rate of 6.89% with flexible term lengths averaging 115 months
- ✓Loan Range: Loan sizes from $17K to $1.4M, with an average of $214K
- ✓Nationwide Reach: Active lending in 6 states, with strong presence in KS, MN, 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 State Bank and Trust SBA lending
What types of businesses does First State Bank and Trust typically finance?
First State Bank and Trust specializes in SBA 7(a) lending to specific industries including full-service restaurants, beauty salons, site preparation contractors, breweries. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First State Bank and Trust's typical SBA loan terms?
First State Bank and Trust's SBA 7(a) loans typically feature an average interest rate of 6.89% and average term length of 115 months (approximately 10 years). Loan sizes range from $17K to $1.4M, with an average loan size of $214K.
Do I need a business valuation for a First State Bank and Trust SBA loan?
Yes, First State Bank and 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 State Bank and Trust compare to other SBA lenders?
First State Bank and Trust has originated 75 SBA loans totaling $16.0M since 1992. 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 State Bank and Trust lend in?
First State Bank and Trust provides SBA 7(a) financing with particularly strong presence in KS, MN, WI, IL, OK. 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?
Certified valuations are often required for SBA loans over $250,000.
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