First Bank & Trust approved 197 SBA loans worth $148.8M between October 2021 and June 2026, ranking #219 of 2,283 SBA lenders nationally by loan count. Its median loan was $387,100, and 39% went to startups or businesses under two years old. It lent in 5 states, most often in Minnesota, and its most financed industry was other services (repair, personal care).
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Minnesota | 109 | $88.4M | $444,800 | #17 |
| South Dakota | 73 | $47.9M | $333,800 | #4 |
| Iowa | 7 | $8.4M | $1,019,300 | #53 |
| Nebraska | 5 | $2.6M | $500,000 | #46 |
| Wisconsin | 3 | $1.4M | $500,000 | #149 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Other services (repair, personal care) | 31 | $634,300 | |
| Restaurants and hotels | 31 | $467,700 | |
| Health care and social assistance | 25 | $361,100 | |
| Retail | 23 | $361,000 | |
| Construction | 18 | $142,000 | |
| Manufacturing | 13 | $300,000 | |
| Arts, entertainment and recreation | 12 | $348,850 | |
| Professional and technical services | 7 | $193,100 | |
| Administrative and support services | 6 | $471,200 | |
| Real estate and rental | 6 | $799,850 |