First State Bank and Trust Company Inc
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First State Bank and Trust Company Inc · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 713940 | Fitness and Recreational Sports Centers | 3 | $366K | $122K | 5.8% |
| 484121 | General Freight Trucking, Long-Distance, Truckload | 3 | $176K | $59K | 5.8% |
| 115112 | Soil Preparation, Planting, and Cultivating | 2 | $283K | $142K | 3.8% |
| 236220 | Commercial and Institutional Building Construction | 2 | $262K | $131K | 3.8% |
| 811310 | Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance | 1 | $100K | $100K | 1.9% |
| 721211 | RV (Recreational Vehicle) Parks and Campgrounds | 1 | $200K | $200K | 1.9% |
| 713990 | All Other Amusement and Recreation Industries | 1 | $300K | $300K | 1.9% |
| 481219 | Other Nonscheduled Air Transportation | 1 | $72K | $72K | 1.9% |
| 611511 | Cosmetology and Barber Schools | 1 | $50K | $50K | 1.9% |
| 812320 | Drycleaning and Laundry Services (except Coin-Operated) | 1 | $45K | $45K | 1.9% |
Geographic Distribution
SBA lending activity for First State Bank and Trust Company Inc by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Missouri (MO) | 49 | $5.1M | 94.2% |
| Florida (FL) | 1 | $500K | 1.9% |
| Georgia (GA) | 1 | $100K | 1.9% |
| Kentucky (KY) | 1 | $58K | 1.9% |
Why Choose First State Bank and Trust Company Inc?
Based on SBA 7(a) lending track record from 1992-2024
- ✓Proven Track Record: 52 SBA loans approved, totaling $5.8M in financing
- ✓Industry Expertise: Specialized focus on Fitness and Recreational Sports Centers, General Freight Trucking, Long-Distance, Truckload, Soil Preparation, Planting, and Cultivating
- ✓Competitive Terms: Average interest rate of 6.43% with flexible term lengths averaging 98 months
- ✓Loan Range: Loan sizes from $5K to $517K, with an average of $111K
- ✓Nationwide Reach: Active lending in 4 states, with strong presence in MO, KY, FL
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 Company Inc SBA lending
What types of businesses does First State Bank and Trust Company Inc typically finance?
First State Bank and Trust Company Inc specializes in SBA 7(a) lending to specific industries including fitness and recreational sports centers, general freight trucking, long-distance, truckload, soil preparation, planting, and cultivating, commercial and institutional building construction. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First State Bank and Trust Company Inc's typical SBA loan terms?
First State Bank and Trust Company Inc's SBA 7(a) loans typically feature an average interest rate of 6.43% and average term length of 98 months (approximately 8 years). Loan sizes range from $5K to $517K, with an average loan size of $111K.
Do I need a business valuation for a First State Bank and Trust Company Inc SBA loan?
Yes, First State Bank and Trust Company Inc 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 Company Inc compare to other SBA lenders?
First State Bank and Trust Company Inc has originated 52 SBA loans totaling $5.8M 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 Company Inc lend in?
First State Bank and Trust Company Inc provides SBA 7(a) financing with particularly strong presence in MO, KY, FL, GA. 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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