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First Bank & Trust
BROOKINGS, SD · Active Lender · National rank #132
First Bank & Trust is a regional SBA lender, having approved 64 SBA 7(a) loans in FY2025, which ranks it #132 nationally by volume. Its lending was concentrated mainly in Minnesota and South Dakota, with an average loan size of about $610,961.
First Bank & Trust, headquartered in Brookings, SD, is an SBA 7(a) lender that participated in the SBA's 7(a) loan program during FY2025. According to FY2025 SBA 7(a) lender activity data, First Bank & Trust approved 64 SBA 7(a) loans totaling $39,101,500 in approved loan dollars, with $29,058,865 in SBA guaranty dollars backing those loans. The average loan size across these transactions was $610,961.
Based on this FY2025 activity data, First Bank & Trust ranks #132 among SBA 7(a) lenders nationally by loan volume. The bank's lending activity was concentrated primarily in Minnesota, which accounted for 34 loans, followed by South Dakota with 23 loans and Wisconsin with 3 loans. The lender also reported activity in Iowa and Nebraska, giving it a footprint across five states: MN, SD, WI, IA, and NE.
This concentration pattern, with the large majority of loans in Minnesota and South Dakota, suggests First Bank & Trust operates primarily as a regional SBA lender serving the Upper Midwest rather than a nationwide lending operation. All figures presented here are drawn solely from FY2025 SBA 7(a) lender activity data and do not reflect interest rates, loan terms, fees, or the likelihood of loan approval, none of which are addressed by this dataset.
Where First Bank & Trust lends
| State | Loans | Dollars |
|---|---|---|
| Minnesota | 34 | $19,810,800 |
| South Dakota | 23 | $13,962,900 |
| Iowa | 2 | $2,732,700 |
| Wisconsin | 3 | $1,409,700 |
| Nebraska | 2 | $1,185,400 |
Questions people ask
Is First Bank & Trust an SBA lender?
Yes, First Bank & Trust participated in the SBA 7(a) loan program and approved loans during FY2025.
How many SBA 7(a) loans did First Bank & Trust approve in FY2025?
According to FY2025 SBA data, First Bank & Trust approved 64 SBA 7(a) loans.
What was the total dollar amount of loans approved?
The bank approved $39,101,500 in total SBA 7(a) loan dollars in FY2025.
What is First Bank & Trust's average SBA loan size?
The average loan size was $610,961 based on FY2025 activity data.
How much of the loan amount was SBA-guaranteed?
$29,058,865 of the approved loan dollars was covered by SBA guaranty in FY2025.
Where is First Bank & Trust headquartered?
The bank is headquartered in Brookings, SD.
Where is First Bank & Trust most active with SBA lending?
Its top states by loan count are Minnesota (34 loans), South Dakota (23 loans), and Wisconsin (3 loans).
What states does First Bank & Trust serve?
FY2025 data shows activity in Minnesota, South Dakota, Wisconsin, Iowa, and Nebraska.
Is First Bank & Trust a national or regional SBA lender?
Based on its concentrated activity in Minnesota and South Dakota, it appears to function as a regional SBA lender.
How does First Bank & Trust rank nationally by SBA loan volume?
It ranked #132 nationally among SBA 7(a) lenders in FY2025.
Source: SBA 7(a) Lender Activity Report, FY2025 (data.sba.gov). GetFundedUSA is independent and not affiliated with First Bank & Trust; loan terms, rates and eligibility are set by the lender and the SBA, not GetFundedUSA.