Lenders › The First Bank and Trust Company
7(a) lenderLebanon, VirginiaFDIC-insured bank223rd of 2,184 by approvals
The First Bank and Trust Company
SBA 7(a) loan approvals by fiscal year, where they went, how large they were, and how loans from earlier years turned out.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
The First Bank and Trust Company, based in Lebanon, Virginia, is an FDIC-insured bank in the SBA 7(a) program. SBA approved 167 of its 7(a) loans worth $118M in FY2021 to FY2025, which places it 223rd of 2,184 active 7(a) lenders by number of approvals.
In FY2025, the latest complete fiscal year, it had 4 approvals totalling $1.5M.
The median approval was $260K, against $190K for the 7(a) program as a whole; 38.9% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 6 states and territories and 51 counties, led by Virginia (70.7%), Tennessee (13.8%) and North Carolina (10.8%). The largest industry group was construction at 19.2% of approvals, and 6.6% of approvals were to franchise businesses.
Of 174 disbursed loans approved in FY2010 to FY2021, SBA records 2 as charged off (1.1%), 134 as paid in full and 38 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is below it.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Loans appear under the lender they are assigned to today, so a lender's figures include loans it took over. Data through 30 Jun 2026.
Approvals by fiscal year
| Fiscal year | Approvals | Dollars approved | Median approval | Average approval | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 0 | — | — | — | 0 |
| FY2025 | 4 | $1.5M | $251K | $374K | 25 |
| FY2024 | 4 | $886K | $165K | $221K | 25 |
| FY2023 | 44 | $24.8M | $255K | $565K | 455 |
| FY2022 | 61 | $23.6M | $152K | $387K | 624 |
| FY2021 | 54 | $66.8M | $422K | $1.2M | 766 |
| FY2020 | 40 | $24.8M | $168K | $621K | 374 |
| FY2019 | 30 | $10.1M | $132K | $337K | 133 |
| FY2018 | 14 | $7.0M | $119K | $501K | 70 |
| FY2017 | 17 | $15.1M | $232K | $886K | 89 |
| FY2016 | 10 | $15.9M | $178K | $1.6M | 131 |
Approvals are counted in the year SBA approved them and include approvals later cancelled. In the five fiscal years before the current window (FY2016–FY2020) the lender had 111 approvals. First approval on file: FY2010.
How earlier loans turned out
Only loans approved at least five fiscal years ago (FY2010–FY2021) are counted, because newer loans have had little time to be paid in full or charged off. "Charged off" is SBA's status for a loan on which it has written off the remaining balance.
| Loans approved FY2010–FY2021 | This lender | Virginia | 7(a) program |
|---|---|---|---|
| Approvals in these years | 211 | 9,784 | 639,905 |
| Cancelled or never disbursed | 37 | 1,259 | 79,313 |
| Disbursed loans | 174 | 8,525 | 560,592 |
| Paid in full | 134 | 6,432 | 435,813 |
| Charged off | 2 | 665 | 36,891 |
| Still outstanding (status exempt from disclosure) | 38 | 1,428 | 87,888 |
| Charged off, share of disbursed loans | 1.1% | 7.8% | 6.6% |
| Dollars charged off, share of disbursed dollars | 0.1% | 3.2% | 2.5% |
| Dollars charged off | $88K | $121M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 39 | 26 | 0 | 0.0% | 2.8% |
| FY2020 | 31 | 21 | 0 | 0.0% | 4.0% |
| FY2019 | 25 | 18 | 0 | — | 6.7% |
| FY2018 | 13 | 9 | 0 | — | 7.9% |
| FY2017 | 15 | 13 | 0 | — | 7.7% |
| FY2016 | 10 | 9 | 0 | — | 7.2% |
| FY2015 | 5 | 5 | 0 | — | 6.9% |
| FY2014 | 9 | 9 | 0 | — | 6.4% |
| FY2013 | 3 | 3 | 0 | — | 6.0% |
| FY2012 | 7 | 6 | 0 | — | 6.3% |
| FY2011 | 9 | 8 | 1 | — | 6.9% |
| FY2010 | 8 | 7 | 1 | — | 9.2% |
A share is shown only where at least 30 loans from that year were disbursed.
Against the 7(a) program
| FY2021–FY2025 | This lender | 7(a) program |
|---|---|---|
| Median approval | $260K | $190K |
| Average approval | $704K | $518K |
| Approvals of $150,000 or less | 38.9% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 31.7% | 34.3% |
| Approvals to franchise businesses | 6.6% | 11.5% |
| Jobs supported per approval, as reported | 11.3 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 1.1% | 6.6% |
States served
| # | State of the business (6 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Virginia | 118 | $79.0M | 70.7% | |
| 2 | Tennessee | 23 | $4.2M | 13.8% | |
| 3 | North Carolina | 18 | $29.6M | 10.8% | |
| 4 | West Virginia | 6 | $2.3M | 3.6% | |
| 5 | Florida | 1 | — | 0.6% | |
| 6 | South Carolina | 1 | — | 0.6% |
In Virginia the lender accounts for 2.3% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (51 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Washington County, VA | 35 | $16.6M | 21.0% | |
| 2 | Sullivan County, TN | 13 | $2.7M | 7.8% | |
| 3 | Montgomery County, VA | 10 | $1.7M | 6.0% | |
| 4 | Smyth County, VA | 7 | $2.5M | 4.2% | |
| 5 | Washington County, TN | 6 | $1.1M | 3.6% | |
| 6 | Bristol city, VA | 5 | $2.3M | 3.0% | |
| 7 | Bedford County, VA | 5 | $1.7M | 3.0% | |
| 8 | Roanoke city, VA | 5 | $513K | 3.0% | |
| 9 | Grayson County, VA | 4 | $11.6M | 2.4% | |
| 10 | Columbus County, NC | 4 | $10.0M | 2.4% | |
| 11 | Rockingham County, VA | 4 | $3.9M | 2.4% | |
| 12 | Lynchburg city, VA | 4 | $680K | 2.4% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 32 | 19.2% | |
| 2 | Manufacturing | 18 | 10.8% | |
| 3 | Agriculture, Forestry, Fishing and Hunting | 17 | 10.2% | |
| 4 | Retail Trade | 16 | 9.6% | |
| 5 | Professional, Scientific, and Technical Services | 14 | 8.4% | |
| 6 | Administrative and Support and Waste Management and Remediation Services | 12 | 7.2% | |
| 7 | Accommodation and Food Services | 11 | 6.6% | |
| 8 | Finance and Insurance | 10 | 6.0% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Other Specialty Trade ContractorsNAICS 2389 | 20 | 12.0% | |
| 2 | Residential Building ConstructionNAICS 2361 | 9 | 5.4% | |
| 3 | Services to Buildings and DwellingsNAICS 5617 | 7 | 4.2% | |
| 4 | Restaurants and Other Eating PlacesNAICS 7225 | 7 | 4.2% | |
| 5 | Other Financial Investment ActivitiesNAICS 5239 | 6 | 3.6% | |
| 6 | Cattle Ranching and FarmingNAICS 1121 | 5 | 3.0% | |
| 7 | Fruit and Tree Nut FarmingNAICS 1113 | 4 | 2.4% | |
| 8 | Other Amusement and Recreation IndustriesNAICS 7139 | 4 | 2.4% | |
| 9 | Architectural, Engineering, and Related ServicesNAICS 5413 | 4 | 2.4% | |
| 10 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 4 | 2.4% |
Approval sizes
- $50,000 or less10.2%17
- $50,001 to $150,00028.7%48
- $150,001 to $350,00024.0%40
- $350,001 to $1 million18.6%31
- $1 million to $2 million8.4%14
- Over $2 million10.2%17
Loan terms
- 5 years or less35.3%59
- Over 5 to 10 years50.3%84
- Over 10 to 20 years12.0%20
- Over 20 years2.4%4
Age of the businesses
- Existing, more than 2 years old65.3%109
- New business, 2 years or less19.8%33
- Startup, loan funds will open the business12.0%20
- Change of ownership3.0%5
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 69 | 41.3% | |
| 2 | Working Capital CAPLine | 58 | 34.7% | |
| 3 | Contract CAPLine | 10 | 6.0% | |
| 4 | SBA Express Program | 7 | 4.2% | |
| 5 | Seasonal CAPLine | 5 | 3.0% | |
| 6 | Builders CAPLine | 5 | 3.0% |
Franchise share
11 of 167 approvals in FY2021–FY2025 (6.6%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | The Spectrum Kid's Gyms | 2 | 1.2% | |
| 2 | Duck Donuts | 2 | 1.2% | |
| 3 | PuroClean | 2 | 1.2% | |
| 4 | Servpro | 1 | 0.6% | |
| 5 | Save-A-Lot Food Stores- License & Supply Agreement | 1 | 0.6% | |
| 6 | Plato's Closet | 1 | 0.6% | |
| 7 | Tropical Smoothie Cafe | 1 | 0.6% | |
| 8 | Superior Fence & Rail | 1 | 0.6% |
Questions and answers
How many SBA loans does The First Bank and Trust Company make?
SBA approved 4 7(a) loans through The First Bank and Trust Company in FY2025, worth $1.5M, and 167 over FY2021 to FY2025. That ranks 223rd of 2,184 active 7(a) lenders by number of approvals.
How large are The First Bank and Trust Company's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $260K and the average $704K. The program-wide median was $190K.
What is The First Bank and Trust Company's charge-off rate?
Of 174 disbursed loans approved in FY2010 to FY2021, SBA records 2 as charged off (1.1%), 134 as paid in full and 38 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is below it. Loans are listed under the lender that holds them today, so the figure includes loans taken over from other lenders. Status is as recorded by SBA on 30 Jun 2026.
Which industries does The First Bank and Trust Company lend to most?
By number of approvals in FY2021 to FY2025: other specialty trade contractors (20); residential building construction (9); services to buildings and dwellings (7); restaurants and other eating places (7).
Where does The First Bank and Trust Company make SBA loans?
In 6 states and territories. Virginia 118, Tennessee 23, North Carolina 18, West Virginia 6, Florida 1. In Virginia it accounts for 2.3% of all 7(a) approvals.
Is The First Bank and Trust Company's SBA lending rising?
Approvals in the three latest complete fiscal years total 52, against 155 in the three before: falling (-66%).
Where does this data come from?
From the Small Business Administration's 7(a) and 504 FOIA loan files, as of 30 Jun 2026. Borrower names and addresses in those files are discarded when the files are read and appear nowhere on this site.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error