First Trust and Savings Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First Trust and Savings Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 561730 | Landscaping Services | 2 | $43K | $21K | 15.4% |
| 112210 | Hog and Pig Farming | 2 | $33K | $16K | 15.4% |
| 541211 | Offices of Certified Public Accountants | 1 | $159K | $159K | 7.7% |
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 1 | $50K | $50K | 7.7% |
| 621310 | Offices of Chiropractors | 1 | $60K | $60K | 7.7% |
Geographic Distribution
SBA lending activity for First Trust and Savings Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Iowa (IA) | 13 | $686K | 100.0% |
Why Choose First Trust and Savings Bank?
Based on SBA 7(a) lending track record from 1991-2004
- ✓Proven Track Record: 13 SBA loans approved, totaling $686K in financing
- ✓Industry Expertise: Specialized focus on Landscaping Services, Hog and Pig Farming, Offices of Certified Public Accountants
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 61 months
- ✓Loan Range: Loan sizes from $12K to $159K, with an average of $53K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in IA
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 Trust and Savings Bank SBA lending
What types of businesses does First Trust and Savings Bank typically finance?
First Trust and Savings Bank specializes in SBA 7(a) lending to specific industries including landscaping services, hog and pig farming, offices of certified public accountants, supermarkets and other grocery retailers (except convenience retailers). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First Trust and Savings Bank's typical SBA loan terms?
First Trust and Savings Bank's SBA 7(a) loans typically feature an average interest rate of — and average term length of 61 months (approximately 5 years). Loan sizes range from $12K to $159K, with an average loan size of $53K.
Do I need a business valuation for a First Trust and Savings Bank SBA loan?
Yes, First Trust and Savings Bank 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 Trust and Savings Bank compare to other SBA lenders?
First Trust and Savings Bank has originated 13 SBA loans totaling $686K since 1991. 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 Trust and Savings Bank lend in?
First Trust and Savings Bank provides SBA 7(a) financing with particularly strong presence 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.
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