First Bank & Trust
21 recorded SBA 7(a) acquisition approvals. Explore the industries, locations and loan sizes in its reported portfolio.
- Acquisitions financed
- 21
- Total approved
- $17.4M
- Median loan
- $500K
- Middle half of loans
- $308K to $1.0M
- Median starting rate
- 9.75%
- Median term
- 10 yrs
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Where the approvals cluster
The SBA file shows approvals across 13 industries and 3 states and territories. The largest industry by count was Limited-Service Restaurants (5 of 21 approvals). South Dakota had the highest count among recorded project locations (11).
The median approved loan was $500K versus $707K across the index for FY2024–FY2026. This profile is based on a small sample. Differences can reflect which industries, markets and deal sizes the lender serves.
Industries by approval count
| # | Industry | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | Limited-Service Restaurants | 5 | 24% | $384K | $3.5M |
| 2 | Beer, Wine, and Liquor Retailers | 2 | 10% | $1.5M | $2.9M |
| 3 | Coin-Operated Laundries and Drycleaners | 2 | 10% | $705K | $1.4M |
| 4 | Hardware Retailers | 2 | 10% | $442K | $884K |
| 5 | Drinking Places (Alcoholic Beverages) | 2 | 10% | $274K | $549K |
| 6 | Home Centers | 1 | 5% | $3.8M | $3.8M |
| 7 | Veterinary Services | 1 | 5% | $1.2M | $1.2M |
| 8 | All Other Miscellaneous Retailers | 1 | 5% | $870K | $870K |
| 9 | Funeral Homes and Funeral Services | 1 | 5% | $813K | $813K |
| 10 | Finish Carpentry Contractors | 1 | 5% | $500K | $500K |
| 11 | Janitorial Services | 1 | 5% | $487K | $487K |
| 12 | Independent Artists, Writers, and Performers | 1 | 5% | $380K | $380K |
| 13 | All Other Amusement and Recreation Industries | 1 | 5% | $38K | $38K |
Project locations
| # | State | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | South Dakota | 11 | 52% | $813K | $11.2M |
| 2 | Minnesota | 9 | 43% | $487K | $5.9M |
| 3 | Nebraska | 1 | 5% | $282K | $282K |