SBA lender profile
First Bank & Trust
First Bank & Trust appears in the public SBA loan data with 228 funded 7(a) loans since FY2010, totaling $160.7M, an average of $705K per loan, and an estimated 3,557 jobs supported. Its SBA lending concentrates in Minnesota and the Retail Trade sector. Across its 7(a) loans, the charge-off rate is 1.3%. 62.7% of its 7(a) loans were processed under delegated PLP authority.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, FY2010–2026 (as of 2026-03-31)
- Track record 82
- Scale 74
- Activity 88
- Consistency 66
A relative profile signal from the public SBA record, not a prediction of approval or a guarantee.
Is First Bank & Trust the right lender for you?
Lenders fund what they know. First Bank & Trust's SBA lending concentrates in Minnesota (126 loans) and Retail Trade (33 loans), at an average loan of $705K. If your business does not look like that, a different SBA lender is likely the better fit.
See which SBA lenders fund businesses like yours →Ranked on the funded-loan record, not on who pays. Free, and your details go only to the lenders we match you to.
Bank profile
via FDIC- Total assets
- $20M
- Headquarters
- Shamrock, TX
- FDIC cert
- #12683
- Status
- Inactive
Where First Bank & Trust lends
Top states by funded SBA volume.
Metro areas where First Bank & Trust funds
What First Bank & Trust funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Retail Trade | 33 | $26.3M |
| Health Care and Social Assistance | 30 | $23.3M |
| Other Services | 31 | $23.1M |
| Accommodation and Food Services | 31 | $20.0M |
| Construction | 21 | $11.5M |
| Manufacturing | 17 | $10.7M |
First Bank & Trust SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 4 | $1.2M |
| 2011 | 12 | $4.4M |
| 2012 | 6 | $3.1M |
| 2013 | 2 | $491K |
| 2014 | 3 | $1.9M |
| 2015 | 2 | $1.0M |
| 2016 | 1 | $150K |
| 2018 | 2 | $1.4M |
| 2020 | 5 | $3.8M |
| 2022 | 28 | $28.0M |
| 2023 | 39 | $48.7M |
| 2024 | 47 | $20.1M |
| 2025 | 64 | $39.1M |
| 2026 | 13 | $7.5M |
Related SBA lenders
Other lenders active in Minnesota or in Retail Trade.
Comparing lenders? See how to choose an SBA lender by track record.
First Bank & Trust: frequently asked questions
Does First Bank & Trust offer SBA loans?
Yes. First Bank & Trust appears in the public SBA data with 228 funded SBA 7(a) loans totaling $160.7M.
How many SBA loans has First Bank & Trust made?
First Bank & Trust is associated with 228 SBA 7(a) loans totaling $160.7M in the public SBA data (as of 2026-03-31).
What is First Bank & Trust's SBA charge-off rate?
About 1.3% of First Bank & Trust's 7(a) loans in the data have been charged off. A lower rate is generally a better sign, but it is not a lifetime default rate; see our methodology for how it is calculated.
Where does First Bank & Trust do most of its SBA lending?
First Bank & Trust's SBA lending in the data is most concentrated in Minnesota, and by industry in Retail Trade.
Is First Bank & Trust an SBA Preferred Lender (PLP)?
The loan record shows First Bank & Trust operating under PLP delegated authority: 143 of its 7(a) loans (62.7%) were processed through the Preferred Lenders Program, including 99 in FY2024–2026. The SBA grants and renews PLP status and publishes no public roster, so this is the processing record, not a certification.
This page is the public view of your institution's SBA record: rank, trajectory, and market position, computed from the complete public 7(a)/504 dataset. The full competitive picture (your share against named competitors by state and industry, and the growing markets you're absent from) is available to your team.
Request your institution's benchmarking →Mario Bailey. (2026). First Bank & Trust SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/first-bank-trust/
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