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
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722513 | Limited-Service Restaurants | 8 | $240K | $30K | 50.0% |
| 611511 | Cosmetology and Barber Schools | 8 | $400K | $50K | 50.0% |
Geographic Distribution
SBA lending activity for First State Bank and Trust Company Inc by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Missouri (MO) | 16 | $640K | 100.0% |
Why Choose First State Bank and Trust Company Inc?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 16 SBA loans approved, totaling $640K in financing
- ✓Industry Expertise: Specialized focus on Limited-Service Restaurants, Cosmetology and Barber Schools
- ✓Competitive Terms: Average interest rate of 7.38% with flexible term lengths averaging 90 months
- ✓Loan Range: Loan sizes from $30K to $50K, with an average of $40K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in 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 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 limited-service restaurants, cosmetology and barber schools. 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 7.38% and average term length of 90 months (approximately 8 years). Loan sizes range from $30K to $50K, with an average loan size of $40K.
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 16 SBA loans totaling $640K 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 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. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
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