The First Bank and Trust Company
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by The First Bank and Trust Company
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 238990 | All Other Specialty Trade Contractors | 136 | $29.4M | $216K | 8.2% |
| 722511 | Full-Service Restaurants | 64 | $19.8M | $310K | 3.9% |
| 238910 | Site Preparation Contractors | 56 | $8.6M | $153K | 3.4% |
| 236115 | New Single-Family Housing Construction (except Operative Builders) | 48 | $57.6M | $1.2M | 2.9% |
| 561730 | Landscaping Services | 40 | $18.7M | $468K | 2.4% |
| 112111 | Beef Cattle Ranching and Farming | 40 | $172.0M | $4.3M | 2.4% |
| 523930 | Investment Advice | 40 | $12.4M | $310K | 2.4% |
| 424510 | Grain and Field Bean Merchant Wholesalers | 32 | $84.0M | $2.6M | 1.9% |
| 722513 | Limited-Service Restaurants | 32 | $5.5M | $170K | 1.9% |
| 541940 | Veterinary Services | 32 | $2.4M | $75K | 1.9% |
Geographic Distribution
SBA lending activity for The First Bank and Trust Company by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Virginia (VA) | 1,144 | $770.1M | 69.1% |
| North Carolina (NC) | 168 | $275.5M | 10.1% |
| Tennessee (TN) | 272 | $54.0M | 16.4% |
| West Virginia (WV) | 48 | $18.1M | 2.9% |
| Florida (FL) | 8 | $15.6M | 0.5% |
| South Carolina (SC) | 8 | $4.5M | 0.5% |
| Georgia (GA) | 8 | $1.6M | 0.5% |
Why Choose The First Bank and Trust Company?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 1,656 SBA loans approved, totaling $1.14B in financing
- ✓Industry Expertise: Specialized focus on All Other Specialty Trade Contractors, Full-Service Restaurants, Site Preparation Contractors
- ✓Competitive Terms: Average interest rate of 6.06% with flexible term lengths averaging 107 months
- ✓Loan Range: Loan sizes from $9K to $5.0M, with an average of $688K
- ✓Nationwide Reach: Active lending in 7 states, with strong presence in VA, TN, NC
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 The First Bank and Trust Company SBA lending
What types of businesses does The First Bank and Trust Company typically finance?
The First Bank and Trust Company specializes in SBA 7(a) lending to specific industries including all other specialty trade contractors, full-service restaurants, site preparation contractors, new single-family housing construction (except operative builders). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The First Bank and Trust Company's typical SBA loan terms?
The First Bank and Trust Company's SBA 7(a) loans typically feature an average interest rate of 6.06% and average term length of 107 months (approximately 9 years). Loan sizes range from $9K to $5.0M, with an average loan size of $688K.
Do I need a business valuation for a The First Bank and Trust Company SBA loan?
Yes, The First Bank and Trust Company 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 The First Bank and Trust Company compare to other SBA lenders?
The First Bank and Trust Company has originated 1,656 SBA loans totaling $1.14B 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 The First Bank and Trust Company lend in?
The First Bank and Trust Company provides SBA 7(a) financing with particularly strong presence in VA, TN, NC, WV, 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.
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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