# First Bank & Trust

A two-state desk, acquisition first among uses.

A Brookings, South Dakota bank with twenty-two locations in seventeen communities in South Dakota and Minnesota. Its SBA page names acquiring a business in its first sentence, puts the acquisition of a business first among 7(a) uses, and names four SBA bankers with a direct line each; no page states a program status.

- Category: SBA & Acquisition Lenders
- Pricing model: Custom Pricing
- Where it fits: Diligence & Close the Deal
- Website: https://www.bankeasy.com/business/borrowing/small-business-administration--sba--loans

## At a Glance

A two-state desk that says acquire a business in its first sentence and puts four named bankers on the phone; it claims no status and prints no figure of its own.

## What It Costs

Loan products. No size, rate or fee of its own is published. The SBA page restates the program's 7(a) ceiling, Express loans and lines to the program's ceiling, and 504 project financing to $12.5 million with higher limits for manufacturing and up to ninety percent of project cost. It says SBA fees vary by type and term and may be financed.

## Best For

A buyer in South Dakota or Minnesota who wants an SBA desk that names acquiring a business before anything else and answers on a banker's direct line.

## Pros and Cons

- Pro: Names acquiring a business in its SBA page's first sentence and lists the acquisition of a business first among [7(a)](https://searchspheresource.com/glossary/sba-7a) uses
- Pro: Four SBA bankers with titles and a direct phone each, from the director of SBA lending to the operations officer
- Pro: Its Express product names business acquisition second of four uses, and its 504 section restates the program's terms
- Pro: An honest, small footprint: twenty-two locations in seventeen communities in two states
- Con: States no program status: no page calls it a [Preferred Lender](https://searchspheresource.com/glossary/preferred-lender-program)
- Con: No size, rate or fee of its own for any SBA loan; every figure is the program's
- Con: No online application for the SBA loan; a form and the team's phones
- Con: Names no [search fund](https://searchspheresource.com/glossary/search-fund), [searcher](https://searchspheresource.com/glossary/searcher) or acquisition entrepreneur

## What Searchers Say

Read on its SBA loans page, its SBA team page, its business loans and commercial financing pages, its story, communities, locations and news pages. No searcher-forum discussion of the desk was found.

## Sources

- https://www.bankeasy.com/business/borrowing/small-business-administration--sba--loans
- https://www.bankeasy.com/about-us/our-story/teams/sba-team
- https://www.bankeasy.com/about-us/our-story
- https://www.bankeasy.com/about-us/our-communities/communities-we-serve

Also on this site: https://searchspheresource.com/resources/category/lender.md
Source: https://searchspheresource.com/resources/first-bank-and-trust
Last checked: 2026-09-19

Site index for machines: https://searchspheresource.com/llms.txt