First Western Bank & Trust
SBA 7(a) Lending Profile · FY 2025 analysis
Industry Focus
Top industries served by First Western Bank & Trust
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812112 | Beauty Salons | 72 | $23.7M | $329K | 6.5% |
| 561730 | Landscaping Services | 72 | $6.3M | $87K | 6.5% |
| 541110 | Offices of Lawyers | 48 | $4.3M | $90K | 4.3% |
| 531390 | Other Activities Related to Real Estate | 48 | $6.0M | $125K | 4.3% |
| 722513 | Limited-Service Restaurants | 40 | $12.2M | $305K | 3.6% |
| 811490 | Other Personal and Household Goods Repair and Maintenance | 40 | $14.8M | $370K | 3.6% |
| 722511 | Full-Service Restaurants | 32 | $9.6M | $301K | 2.9% |
| 713940 | Fitness and Recreational Sports Centers | 32 | $30.5M | $953K | 2.9% |
| 621310 | Offices of Chiropractors | 24 | $4.0M | $166K | 2.2% |
| 315990 | Apparel Accessories and Other Apparel Manufacturing | 24 | $5.6M | $233K | 2.2% |
Geographic Distribution
SBA lending activity for First Western Bank & Trust by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 592 | $162.2M | 53.6% |
| North Dakota (ND) | 504 | $115.2M | 45.7% |
| Wisconsin (WI) | 8 | $27.9M | 0.7% |
Why Choose First Western Bank & Trust?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 1,104 SBA loans approved, totaling $305.4M in financing
- ✓Industry Expertise: Specialized focus on Beauty Salons, Landscaping Services, Offices of Lawyers
- ✓Competitive Terms: Average interest rate of 6.12% with flexible term lengths averaging 75 months
- ✓Loan Range: Loan sizes from $10K to $5.0M, with an average of $277K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in MN, ND, 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 Western Bank & Trust SBA lending
What types of businesses does First Western Bank & Trust typically finance?
First Western Bank & Trust specializes in SBA 7(a) lending to specific industries including beauty salons, landscaping services, offices of lawyers, other activities related to real estate. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First Western Bank & Trust's typical SBA loan terms?
First Western Bank & Trust's SBA 7(a) loans typically feature an average interest rate of 6.12% and average term length of 75 months (approximately 6 years). Loan sizes range from $10K to $5.0M, with an average loan size of $277K.
Do I need a business valuation for a First Western Bank & Trust SBA loan?
Yes, First Western Bank & 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 Western Bank & Trust compare to other SBA lenders?
First Western Bank & Trust has originated 1,104 SBA loans totaling $305.4M 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 Western Bank & Trust lend in?
First Western Bank & Trust provides SBA 7(a) financing with particularly strong presence in MN, ND, 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.
Explore Industry Reports →Need a Business Valuation?
Professional valuations are often required for SBA loans over $250,000.
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