First Bank & Trust
SD
SBA-approved lender offering 7 loan programs across 18 industries.
Key Metrics
Interest Rate
8.94%
2.19% over prime
Average Loan
$611K
Per approval
Total Approvals
64
FY 2025
Loan Programs (7)
Change of Ownership
Existing or more than 2 years old
Fixed Rates
Loan Funds will Open Business
New Business or 2 years or less
7a General
International Trade Loans
Industries Served (18)
All Other Professional, Scientific, and Technical ServicesCoin-Operated Laundries and DrycleanersFinish Carpentry ContractorsFitness and Recreational Sports CentersFuneral Homes and Funeral ServicesGeneral Automotive RepairIndustrial Building ConstructionJanitorial ServicesLandscaping ServicesLimited-Service RestaurantsMetal Coating, Engraving (except Jewelry and Silverware), and Allied SNew Single-Family Housing Construction (except Operative Builders)Nursing Care FacilitiesOffices of ChiropractorsSnack and Nonalcoholic Beverage BarsTextile and Fabric Finishing MillsWater and Sewer Line and Related Structures ConstructionWelding and Soldering Equipment Manufacturing
Additional Details
- Prime Rate
- 6.75%
- Rate Over Prime
- 2.19%
- Effective Rate
- 8.94%
- Fiscal Year
- 2025
- States Served
- SD
- Website
- www.bankeasy.com
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