First United Bank and Trust Company: SBA Lending Record

First United Bank and Trust Company in SBA files

First United Bank and Trust Company is credited with 300 loans and $261.6 million of gross approvals in SBA's FY2017 to FY2026 data. The program is SBA 7(a) throughout, and SBA lists OK. SBA's guarantee, not First United Bank and Trust Company's, sits behind the loans, and the numbers show loans First United Bank and Trust Company holds now or held last. A 7(a) loan is counted under the latest holder.

Restaurants and fitness centers

Of the 300 loans, 181 have no named class. Full-service restaurants lead the rest with 25, fitness centers have 20, the limited-service restaurant 17, and automotive repair and coffee shops 7 each. No state table is printed for First United Bank and Trust Company.

Floors for cancellation and loss

Cancelled after approval, FY2017 through FY2024: 6.1% minimum, 6.1% maximum, undisbursed loans included. No charge-off figure is printed for First United Bank and Trust Company by our own threshold, because that cohort has under 30 loans, so do not read it as zero.

A study against this record

A full-service restaurant study should examine table turns, sales per seat and the rent the premises can pay. A fitness center study has to test membership depth, churn and the time to reach a steady membership. A limited-service study should test drive-through volume and margin after labour. With no state table, a borrower cannot judge how close the file is to the project's market, and with 181 loans unclassified an unlisted property type has no precedent. The study should supply the demand evidence, a cost estimate, debt service coverage at stabilisation and under stress, and an appraisal that supports the value.

Reading a file with no states

A record without a state table cannot say where its 300 loans sit, so the only comparisons available are by class: 25 full-service restaurant loans, 20 fitness center loans and 17 limited-service loans against 181 unclassified. The $261.6 million in gross dollars approved is the one measure of scale. For a borrower, the practical consequence is that this page cannot show geographic precedent, and the study must argue the project's location from first principles.