STRONG
How competitive are their spreads? Lower = better for you.
GOOD
Total SBA loans closed. More deals = more experience.
GOOD
How many industries do they lend in? More = flexible.
WEAK
States where they've done deals. Wider = easier if you're out of state.
Total SBA Loans
305
2010–2026
Total Volume
$222M
Gross loan amounts
States Active
11
With recorded loans
Programs
7(a) & 504
305 total segments
First Bank & Trust has a strong focus on 504 loans, with 30% of their SBA deals in this category, compared to the national average of about 18%. This makes them a solid choice for borrowers looking for real estate financing.
With an average 7(a) spread of P+1.64%, First Bank & Trust offers competitive pricing compared to the national median of P+2.75%. This could lead to significant savings on interest for borrowers.
The lender's deal volume has decreased by 16% year-over-year, indicating a potential tightening of lending. Borrowers may want to prepare for stricter approval processes or consider applying sooner rather than later.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 90 504 loans, which use fixed SBA debenture rates.
States where First Bank & Trust has recorded SBA lending activity.
+ 6 more states
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Restaurants & Food Service
Accommodation & Food Services
Manufacturing
Manufacturing
Other Health Practitioners
Health Care & Social Assistance
Auto Repair & Maintenance
Other Services
Other Repair & Services
Other Services
Arts, Entertainment & Recreation
Arts, Entertainment & Recreation
Physician & Dental Offices
Health Care & Social Assistance
Real Estate
Real Estate
+ 7 more
All recorded SBA lending activity for First Bank & Trust, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Minnesota · Auto Repair & Maintenance · $500K – $1M | 7(a) | 5 | P+1.25% | $803K | Q3 2025 |
| South Dakota · Restaurants & Food Service · $150K – $350K | 7(a) | 5 | P+2.25% | $298K | Q1 2025 |
| Minnesota · Restaurants & Food Service · $150K – $350K | 7(a) | 4 | P+2.27% | $233K | Q3 2025 |
| Minnesota · Building Construction · Under $150K | 7(a) | 4 | P+2.38% | $65K | Q3 2025 |
| Minnesota · Miscellaneous Retail · Under $150K | 7(a) | 4 | P+2.40% | $56K | Q3 2025 |
| Minnesota · Physician & Dental Offices · $500K – $1M | 504 | 4 | — | $673K | Q2 2019 |
| Minnesota · Restaurants & Food Service · $500K – $1M | 7(a) | 4 | P+1.13% | $807K | Q3 2025 |
| Minnesota · Manufacturing · $500K – $1M | 7(a) | 4 | P+0.57% | $827K | Q3 2024 |
| Minnesota · Other Health Practitioners · $150K – $350K | 7(a) | 4 | P+2.15% | $269K | Q3 2025 |
| Minnesota · Food & Beverage Stores · $2M – $5M | 7(a) | 3 | P+1.00% | $3.2M | Q1 2025 |
| Minnesota · Administrative & Waste Services · $350K – $500K | 7(a) | 3 | P+2.55% | $463K | Q1 2025 |
| South Dakota · Restaurants & Food Service · $500K – $1M | 7(a) | 3 | P+0.45% | $851K | Q4 2024 |
| Minnesota · Other Repair & Services · $1M – $2M | 7(a) | 3 | P+0.88% | $1.7M | Q3 2022 |
| Minnesota · Specialty Trade Contractors · Under $150K | 7(a) | 3 | P+2.00% | $80K | Q4 2024 |
| Minnesota · Arts, Entertainment & Recreation · $150K – $350K | 7(a) | 3 | P+2.55% | $294K | Q2 2025 |
| South Dakota · Other Repair & Services · Under $150K | 7(a) | 3 | P+6.00% | $81K | Q2 2024 |
| Minnesota · Physician & Dental Offices · $1M – $2M | 7(a) | 3 | P+-0.50% | $1.2M | Q1 2023 |
| South Dakota · Retail Trade · $1M – $2M | 504 | 3 | — | $1.7M | Q4 2013 |
| South Dakota · Miscellaneous Retail · $150K – $350K | 7(a) | 3 | P+2.00% | $271K | Q3 2025 |
| Minnesota · Restaurants & Food Service · $350K – $500K | 7(a) | 3 | P+2.05% | $432K | Q2 2025 |
| Minnesota · Wholesale Trade · $150K – $350K | 7(a) | 3 | P+2.00% | $315K | Q3 2024 |
| South Dakota · Real Estate · $500K – $1M | 504 | 3 | — | $603K | Q1 2023 |
| South Dakota · Specialty Trade Contractors · $150K – $350K | 504 | 2 | — | $225K | Q1 2024 |
| Minnesota · Other Health Practitioners · $350K – $500K | 7(a) | 2 | P+0.75% | $496K | Q1 2024 |
| South Dakota · Social Assistance · $150K – $350K | 504 | 2 | — | $253K | Q2 2021 |
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