Dacotah Bank
SBA 7(a) Lending Profile · FY 2021 analysis
Industry Focus
Top industries served by Dacotah Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 48 | $6.4M | $134K | 15.8% |
| 484110 | General Freight Trucking, Local | 40 | $16.6M | $416K | 13.2% |
| 713940 | Fitness and Recreational Sports Centers | 16 | $1.9M | $120K | 5.3% |
| 332999 | All Other Miscellaneous Fabricated Metal Product Manufacturing | 16 | $6.1M | $383K | 5.3% |
| 238990 | All Other Specialty Trade Contractors | 16 | $14.0M | $877K | 5.3% |
| 444130 | Hardware Stores | 16 | $3.8M | $235K | 5.3% |
| 238210 | Electrical Contractors | 8 | $38.3M | $4.8M | 2.6% |
| 722513 | Limited-Service Restaurants | 8 | $1.5M | $187K | 2.6% |
| 453910 | Pet and Pet Supplies Stores | 8 | $4.1M | $513K | 2.6% |
| 711310 | Promoters of Performing Arts, Sports, and Similar Events with Faciliti | 8 | $3.3M | $410K | 2.6% |
Geographic Distribution
SBA lending activity for Dacotah Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| South Dakota (SD) | 200 | $128.8M | 65.8% |
| North Dakota (ND) | 80 | $32.6M | 26.3% |
| Minnesota (MN) | 24 | $1.6M | 7.9% |
Why Choose Dacotah Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 304 SBA loans approved, totaling $163.0M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, General Freight Trucking, Local, Fitness and Recreational Sports Centers
- ✓Competitive Terms: Average interest rate of 5.96% with flexible term lengths averaging 119 months
- ✓Loan Range: Loan sizes from $25K to $4.8M, with an average of $536K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in SD, ND, MN
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about Dacotah Bank SBA lending
What types of businesses does Dacotah Bank typically finance?
Dacotah Bank specializes in SBA 7(a) lending to specific industries including full-service restaurants, general freight trucking, local, fitness and recreational sports centers, all other miscellaneous fabricated metal product manufacturing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Dacotah Bank's typical SBA loan terms?
Dacotah Bank's SBA 7(a) loans typically feature an average interest rate of 5.96% and average term length of 119 months (approximately 10 years). Loan sizes range from $25K to $4.8M, with an average loan size of $536K.
Do I need a business valuation for a Dacotah Bank SBA loan?
Yes, Dacotah Bank typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does Dacotah Bank compare to other SBA lenders?
Dacotah Bank has originated 304 SBA loans totaling $163.0M since 2020. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does Dacotah Bank lend in?
Dacotah Bank provides SBA 7(a) financing with particularly strong presence in SD, ND, MN. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
Explore Industry Reports →Need a Business Valuation?
Professional valuations are often required for SBA loans over $250,000.
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