The First Bank and Trust Company: SBA Lending Record

The First Bank and Trust Company in the SBA file

SBA lists The First Bank and Trust Company with 268 loans approved from FY2017 to FY2026, for $174.6 million of gross dollars. Under 7(a) sit all of them; 504 shows 0. The page restates what SBA records. It does not say how the bank decides on credit, and it does not assess the bank in any way.

An almost entirely unclassed file

216 of the 268 loans have no class of ours, and full-service restaurant, with 9 loans, is the only classed group printed. A borrower in a trade other than restaurants will find no matching class here. A restaurant project weighs seat sales against rent, the cost of the kitchen and dining room, and the labor needed to open the doors. Because so little of the file is classed, a borrower learns almost nothing about the holder's mix from this page, and the study must stand on its own evidence.

Virginia, Tennessee and North Carolina

Virginia holds 185 loans, Tennessee 43 and North Carolina 21. Those three states are the whole list. The file is regional, with one state carrying most of it, so a Virginia borrower sees a deep record and a borrower in North Carolina a shallow one.

Measured zeros, and a missing cancellation rate

The 123-loan cohort of FY2017 to FY2021 disbursements reads 0.00% on both measures, so far and at five years, and those are measured, not withheld. The cancellation rate is a different matter: a rule of Loan Analytics keeps it off the page, so treat the gap as unknown rather than nil. A cohort of 123 is small, loans from later years are not in it and charge-offs can still occur as loans age, so a clean cohort is not a forecast.

Bringing the record to a study

A borrower can see from this page where the holder has loans and how they have performed so far. The study decides the project's case: demand, cost, the income cushion in a weak year and the appraisal. A credit reader examines those, and a strong holder record does not replace them.