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First Bank and Trust of Memphis

MEMPHIS, TX 79245

2
Loans Approved
$470K
Total Volume
$235K
Avg Loan Size
2
States Served

States Served

OklahomaTexas

Top Industries Financed

  • General Automotive Repair
  • Snack and Nonalcoholic Beverage Bars

Quick Summary

First Bank and Trust of Memphis is an SBA-approved lender headquartered in MEMPHIS, Texas. Since 2020, they have approved 2 SBA 7(a) loans totaling $470K, with an average loan size of $235K. They serve businesses across 2 states.

About First Bank and Trust of Memphis

First Bank and Trust of Memphis is an SBA-approved lender headquartered in MEMPHIS, Texas. Since 2020, they have approved 2 SBA 7(a) loans totaling $470K, with an average loan size of $235K. They serve businesses across 2 states.

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Helpful SBA Borrower Guides

SBA 7(a) RequirementsDocuments ChecklistHow to Choose a Lender

Frequently Asked Questions

Is First Bank and Trust of Memphis an SBA Preferred Lender?

First Bank and Trust of Memphis 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 Bank and Trust of Memphis approved?

According to SBA FOIA public records, First Bank and Trust of Memphis has approved 2 SBA 7(a) loans totaling $470K since 2020. Their average loan size is $235K.

What states does First Bank and Trust of Memphis serve?

First Bank and Trust of Memphis serves businesses in 2 states: Oklahoma, Texas.

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

To apply for an SBA 7(a) loan with First Bank and Trust of Memphis, 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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