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SBA 7(a) record
First Bank & Trust: SBA 7(a) loans made
First Bank & Trust, a bank based in Brookings, SD, made 130 SBA 7(a) loans in the 36 months ending September 30, 2026, $83.2M in all, net of cancelled approvals. The typical loan was about $350K, and 30 were in the last 12 months. Most were in Minnesota.
- Evidence
- SBA 7(a) loans in the 36 months ending September 30, 2026, SBA
- Data as of
- SBA, September 30, 2026
- Page last changed
- November 9, 2026
- Loans, 36 months
- 130
- SBA FOIA,
- Net of cancelled approvals
- Dollars
- $83.2M
- SBA FOIA,
- Rounded amounts
- Typical loan
- $350K
- SBA FOIA,
- Largest loan
- $4.8M
- SBA FOIA,
- Rounded to 2 significant figures
- Last 12 months
- 30
- SBA FOIA,
Cite this
Source: The Lender Report, First Bank & Trust: SBA 7(a) loans made, https://lender.report/lender/first-bank-and-trust-sd/sba-7a/, data as of September 30, 2026.
The loans, newest first
Banks report no loan-level data for office, retail, industrial or construction loans. This list shows only multifamily and SBA loans.
| Period | Place | Loan | Amount | Rate | Term | LTV | Source |
|---|---|---|---|---|---|---|---|
| Sep 2026 | South Dakota | SBA 7(a), Fitness and Recreational Sports Centers | $3.3M | 6.75% | 26 yr | SBA FOIA | |
| Sep 2026 | South Dakota | SBA 7(a), Health Care and Social Assistance | $2.1M | 6.5% | 26 yr | SBA FOIA | |
| Sep 2026 | South Dakota | SBA 7(a), Retail Trade | $100K | 8% | 10 yr | SBA FOIA | |
| Aug 2026 | South Dakota | SBA 7(a), Retail Trade | $3.8M | 8.75% | 19 yr | SBA FOIA | |
| Aug 2026 | South Dakota | SBA 7(a), Professional, Scientific, and Technical Services | $1.2M | 7.75% | 17 yr | SBA FOIA | |
| Aug 2026 | South Dakota | SBA 7(a), Retail Trade | $1M | 7.75% | 10 yr | SBA FOIA | |
| Aug 2026 | South Dakota | SBA 7(a), Limited-Service Restaurants | $670K | 8.5% | 10 yr | SBA FOIA | |
| Aug 2026 | Minnesota | SBA 7(a), Agriculture, Forestry, Fishing and Hunting | $500K | 7.75% | 6 yr | SBA FOIA | |
| Aug 2026 | South Dakota | SBA 7(a), Retail Trade | $120K | 9.75% | 10 yr | SBA FOIA | |
| Jul 2026 | Minnesota | SBA 7(a), Offices of Dentists | $1.6M | 9.75% | 10 yr | SBA FOIA | |
| Jul 2026 | Minnesota | SBA 7(a), Services for the Elderly and Persons with Disabilities | $250K | 9.25% | 10 yr | SBA FOIA | |
| Jun 2026 | South Dakota | SBA 7(a), Information | $2M | 8.25% | 17 yr | SBA FOIA | |
| Jun 2026 | Minnesota | SBA 7(a), Caterers | $1.3M | 7% | 25 yr | SBA FOIA | |
| Jun 2026 | South Dakota | SBA 7(a), Drinking Places (Alcoholic Beverages) | $200K | 7.75% | 25 yr | SBA FOIA | |
| May 2026 | Iowa | SBA 7(a), Limited-Service Restaurants | $1.8M | 9.5% | 17 yr | SBA FOIA | |
| May 2026 | Minnesota | SBA 7(a), Outpatient Mental Health and Substance Abuse Centers | $48K | 9.75% | 10 yr | SBA FOIA | |
| Apr 2026 | South Dakota | SBA 7(a), Sports and Recreation Instruction | $24K | 9.75% | 10 yr | SBA FOIA | |
| Mar 2026 | Minnesota | SBA 7(a), Limited-Service Restaurants | $990K | 9.25% | 10 yr | SBA FOIA | |
| Jan 2026 | South Dakota | SBA 7(a), Full-Service Restaurants | $1.8M | 7.75% | 10 yr | SBA FOIA | |
| Jan 2026 | South Dakota | SBA 7(a), Limited-Service Restaurants | $1.8M | 9.75% | 14 yr | SBA FOIA | |
| Jan 2026 | South Dakota | SBA 7(a), Retail Trade | $650K | 10% | 10 yr | SBA FOIA | |
| Jan 2026 | Minnesota | SBA 7(a), Wholesale Trade | $470K | 7.25% | 25 yr | SBA FOIA | |
| Jan 2026 | Minnesota | SBA 7(a), Child Care Services | $360K | 7% | 25 yr | SBA FOIA | |
| Jan 2026 | Minnesota | SBA 7(a), Nail Salons | $350K | 9.75% | 10 yr | SBA FOIA | |
| Jan 2026 | South Dakota | SBA 7(a), Wholesale Trade | $330K | 9.5% | 10 yr | SBA FOIA | |
| 130 SBA 7(a) loans since October 2023, net of cancelled | $83.2M | SBA FOIA | |||||
A blank means the source did not report it.
| State | Loans | Dollars |
|---|---|---|
| Minnesota | 66 | $38.2M |
| South Dakota | 54 | $37.2M |
| Iowa | 4 | $4.81M |
| Nebraska | 3 | $1.53M |
| Wisconsin | 3 | $1.41M |
SBA loans are on record by state only.
| Loan size | Loans | Dollars |
|---|---|---|
| Under $150K | 36 | $2.79M |
| $150K to $350K | 29 | $7.17M |
| $350K to $1M | 39 | $22.2M |
| $1M to $2.5M | 21 | $32.8M |
| $2.5M or more | 5 | $18.2M |
| Quarter | Loans | Dollars |
|---|---|---|
| 2023 Q4 | 4 | $2.52M |
| 2024 Q1 | 16 | $4.34M |
| 2024 Q2 | 11 | $3.59M |
| 2024 Q3 | 12 | $7.82M |
| 2024 Q4 | 14 | $6.91M |
| 2025 Q1 | 15 | $8.19M |
| 2025 Q2 | 12 | $9.08M |
| 2025 Q3 | 16 | $13.2M |
| 2026 Q1 | 13 | $7.50M |
| 2026 Q2 | 6 | $5.37M |
| 2026 Q3 | 11 | $14.6M |
Calendar quarters of the SBA approval date. The first and last may cover part of a quarter: the window is the 36 months ending September 30, 2026.
| Industry (NAICS) | Loans |
|---|---|
| Limited-Service Restaurants (722513) | 12 |
| Fitness and Recreational Sports Centers (713940) | 7 |
| All Other Personal Services (812990) | 5 |
| Clothing and Clothing Accessories Retailers (458110) | 4 |
| Construction | 4 |
| Retail Trade | 4 |
| Snack and Nonalcoholic Beverage Bars (722515) | 4 |
| Full-Service Restaurants (722511) | 3 |
| General Automotive Repair (811111) | 3 |
| Health Care and Social Assistance | 3 |
| Other Services (except Public Administration) | 3 |
| Retail Trade | 3 |
A 6-digit code is printed only where the SBA file holds 5 or more loans of the program in that state; the rest show as their 2-digit sector.
| Processing method | Loans |
|---|---|
| Preferred Lenders Program | 105 |
| SBA Express Program | 23 |
| 7(a) WCP | 1 |
| Working Capital CAPLine | 1 |
- First Bank & Trust made 130 SBA 7(a) loans totaling $83.2M in the 36 months ending September 30, 2026, net of cancelled approvals, in 5 states. SBA FOIA,
- 30 of them were in the 12 months to September 30, 2026, and 57 in the 12 months before. SBA FOIA,
- The typical loan was about $350K, with the middle half between $120K and $810K. SBA FOIA,
- The largest was about $4.8M. Every amount is rounded to 2 significant figures. SBA FOIA,
- 36 loans were under $150K, and 26 were $1M or more. SBA FOIA,
- The SBA file shows a median initial rate of 9.75% on 130 loans, with the middle half between 8.75% and 10.50%. SBA FOIA,
- The median term was 10 years. SBA FOIA,
- Its loans went most often to Limited-Service Restaurants, with 12. SBA FOIA,
- The SBA file lists 105 of its loans as processed under Preferred Lenders Program. SBA FOIA,
- Its loans were most often in Minnesota (66), South Dakota (54) and Iowa (4). SBA FOIA,
What we don't know
- Whether First Bank & Trust is taking new SBA 7(a) loans today, or how it would treat a business like yours.
- Loans that were never completed. The SBA file lists approvals, and this page leaves out the ones it marks cancelled.
- The borrower, the address and every term beyond rate and term. The public file does not show them.
SBA loans are on record by state only. Amounts are rounded to 2 significant figures and dates to the month. A 6-digit industry code is printed only where the SBA file holds 5 or more loans of the program in that state.
Loans are SBA approvals, net of cancelled approvals.
SBA does not require you to use an agent or broker for a loan application. SBA has not reviewed or endorsed this site.
Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. Report a problem
Figures come from public records and show the source and date beside them. Public records can be late, incomplete or wrong. A past loan does not mean a lender will make the same kind of loan today. Confirm anything important with the lender.