First Interstate Bank: SBA Lending Record

First Interstate as holder

First Interstate Bank holds 704 loans for FY2017 to FY2026. At First Interstate, the gross dollars approved are $363.0 million. Not one of the 704 at First Interstate is an SBA 504 loan; all 704 are SBA 7(a). First Interstate: state of record Montana. First Interstate is shown as holder of 704 loans at last record, or now. At First Interstate, SBA stands behind the 704. A loan First Interstate passed on no longer shows under First Interstate.

First Interstate: named classes

480 of the 704 loans at First Interstate are unplaced. That limits First Interstate's class view. First Interstate: full-service restaurant first, at 53, limited-service restaurant at 38, then beverage manufacturing at 16. Further at First Interstate: child care center at 16, then coffee shop and snack bar at 16, next fitness center at 13. Last at First Interstate: gas station and truck stop at 11, automotive mechanical repair at 10, then rehabilitation and therapy clinic at 9. Also at First Interstate: grocery store at 9; beauty salon at 7, hotel and motel at 5. With 480 unplaced loans in front, First Interstate offers class evidence for part of 704.

First Interstate: states

The largest state for First Interstate is Oregon at 124 loans, then Montana with 111 and Idaho with 92. The First Interstate table continues through Washington at 90, South Dakota at 78, Iowa at 53, Nebraska at 45, Colorado at 34, Wyoming at 33 and Kansas at 20, then smaller counts. For First Interstate, home state Montana shows 111 loans. For First Interstate, 704 loans show holdings, not a lending territory.

First Interstate: the floors

First Interstate's FY2017 to FY2024 approvals: 9.3% or more cancelled, a floor among 704. Our own rule withholds the First Interstate five-year figure. First Interstate's cohorts are too small. First Interstate ceiling: 9.3%, counting undisbursed loans as cancelled. First Interstate: floor and ceiling meet. First Interstate shows 1.5% charged off to date, across 338 FY2017 to FY2021 disbursements. The First Interstate figure of 1.5% is a floor. Open First Interstate loans can still be charged off.

First Interstate: how to read it

The First Interstate record gives a book's shape. 704 loans mark where First Interstate holds SBA loans. 9.3% cancelled marks where First Interstate approvals fell away, a floor for 704. Neither figure decides a First Interstate request. A First Interstate request has own demand and cost. The First Interstate study should say which of the 704 loans resemble the project. For First Interstate, it should name differences. 704 loans, read plainly, give First Interstate a fair view. A floor of 9.3% is history for First Interstate, not a forecast.

First Interstate: study to bring

A borrower weighing First Interstate should treat 704 loans as context, not a promise from First Interstate. In full-service restaurant, First Interstate shows 53 loans as a reference point. First Interstate: the study tests sales per seat. First Interstate needs labour cost tested too. Show First Interstate coverage in a slow year too. First Interstate needs an appraisal that supports it. First Interstate offers just 480 unplaced loans for an unnamed type. First Interstate's study makes the case. First Interstate holds 124 loans in Oregon. Elsewhere, First Interstate holdings need a reason. Cancelled at First Interstate: a floor of 9.3%. Approval is not funding. A First Interstate study should hold up under delay.