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Home → Illinois → First State Bank and Trust

First State Bank and Trust

MONTICELLO, IL 61856

1
Loans Approved
$350K
Total Volume
$350K
Avg Loan Size
1
States Served

States Served

Illinois

Top Industries Financed

  • Site Preparation Contractors

Quick Summary

First State Bank and Trust is an SBA-approved lender headquartered in MONTICELLO, Illinois. Since 2020, they have approved 1 SBA 7(a) loans totaling $350K, with an average loan size of $350K. They primarily serve Illinois businesses.

About First State Bank and Trust

First State Bank and Trust is an SBA-approved lender headquartered in MONTICELLO, Illinois. Since 2020, they have approved 1 SBA 7(a) loans totaling $350K, with an average loan size of $350K. They primarily serve businesses in Illinois.

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Helpful SBA Borrower Guides

SBA 7(a) RequirementsDocuments ChecklistHow to Choose a Lender

Frequently Asked Questions

Is First State Bank and Trust an SBA Preferred Lender?

First State Bank and Trust is an SBA-approved lender but does not currently hold Preferred Lender (PLP) status. Loan approvals require standard SBA review, which typically adds 2–4 weeks to the process.

How many SBA loans has First State Bank and Trust approved?

According to SBA FOIA public records, First State Bank and Trust has approved 1 SBA 7(a) loans totaling $350K since 2020. Their average loan size is $350K.

What states does First State Bank and Trust serve?

First State Bank and Trust primarily serves businesses in Illinois.

How do I apply for an SBA loan with First State Bank and Trust?

To apply for an SBA 7(a) loan with First State Bank and Trust, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.

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