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    Bank · Bayport, MN

    First State Bank and Trust: SBA lending profile

    SBA 7(a) loans, October 2021 to June 30, 2026 · Updated October 15, 2026 · Lender website
    10
    SBA loans approved
    $2.3M
    Total approved
    $112,500
    Median loan
    2
    States lent in
    50%
    To startups
    #1196
    National rank by loans

    First State Bank and Trust approved 10 SBA loans worth $2.3M between October 2021 and June 2026, ranking #1196 of 2,283 SBA lenders nationally by loan count. Its median loan was $112,500, and 50% went to startups or businesses under two years old. It lent in 2 states, most often in Minnesota, and its most financed industry was other services (repair, personal care).

    SBA loans per fiscal year

    0134FY14FY15FY16FY17FY18: 3 loansFY183FY19: 3 loansFY19FY20FY21: 1 loansFY21FY22: 2 loansFY22FY23: 2 loansFY23FY24: 3 loansFY24FY25: 1 loansFY25FY26 (Oct to Jun): 2 loansFY262
    Fiscal year runs October to September. Fiscal 2026 covers October 2025 to June 2026 only.

    Where First State Bank and Trust lends

    StateLoansApprovedMedian loanRank in state
    Minnesota5$1.6M$250,000#141
    Wisconsin5$700K$50,000#111

    Industries First State Bank and Trust finances

    IndustryLoansShareMedian loan
    Other services (repair, personal care)4
    40%
    		$325,000
    Professional and technical services3
    30%
    		$50,000
    Retail2
    20%
    		$100,000
    Construction1
    10%
    		$50,000
    Loan size mix
    • Under $150,00050%
    • $150,000 to $500,00030%
    • $500,000 to $2 million20%
    • $2 million and up0%
    Loan programs used
    • SBA Express60%
    • Standard 7(a)40%
    SBA Lenders by StateLender DirectoryLender MatchMethodologyAboutPrivacyTermsDisclaimerContact
    Data from the U.S. Small Business Administration's public 7(a) and 504 loan records (through June 30, 2026) and FDIC call-report data (quarter ending June 30, 2026). US Lender Metrics is not affiliated with the SBA, FDIC, FFIEC, NCUA or any lender, is not a lender or loan broker, and does not make credit decisions. Information only; not financial, legal or lending advice. © 2026 US Lender Metrics.