First Dakota National Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First Dakota National Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 621310 | Offices of Chiropractors | 8 | $544K | $68K | 3.6% |
| 624410 | Child Care Services | 4 | $218K | $55K | 1.8% |
| 722410 | Drinking Places (Alcoholic Beverages) | 4 | $509K | $127K | 1.8% |
| 811111 | General Automotive Repair | 3 | $98K | $33K | 1.4% |
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 3 | $1.6M | $538K | 1.4% |
| 711510 | Independent Artists, Writers, and Performers | 3 | $757K | $252K | 1.4% |
| 713940 | Fitness and Recreational Sports Centers | 3 | $180K | $60K | 1.4% |
| 713930 | Marinas | 3 | $947K | $316K | 1.4% |
| 811121 | Automotive Body, Paint, and Interior Repair and Maintenance | 2 | $114K | $57K | 0.9% |
| 562111 | Solid Waste Collection | 2 | $190K | $95K | 0.9% |
Geographic Distribution
SBA lending activity for First Dakota National Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| South Dakota (SD) | 210 | $37.7M | 95.0% |
| Nebraska (NE) | 10 | $1.8M | 4.5% |
| Iowa (IA) | 1 | $220K | 0.5% |
Why Choose First Dakota National Bank?
Based on SBA 7(a) lending track record from 1991-2025
- ✓Proven Track Record: 221 SBA loans approved, totaling $39.8M in financing
- ✓Industry Expertise: Specialized focus on Offices of Chiropractors, Child Care Services, Drinking Places (Alcoholic Beverages)
- ✓Competitive Terms: Average interest rate of 6.35% with flexible term lengths averaging 122 months
- ✓Loan Range: Loan sizes from $10K to $2.1M, with an average of $180K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in SD, NE, IA
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 First Dakota National Bank SBA lending
What types of businesses does First Dakota National Bank typically finance?
First Dakota National Bank specializes in SBA 7(a) lending to specific industries including offices of chiropractors, child care services, drinking places (alcoholic beverages), general automotive repair. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First Dakota National Bank's typical SBA loan terms?
First Dakota National Bank's SBA 7(a) loans typically feature an average interest rate of 6.35% and average term length of 122 months (approximately 10 years). Loan sizes range from $10K to $2.1M, with an average loan size of $180K.
Do I need a business valuation for a First Dakota National Bank SBA loan?
Yes, First Dakota National 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 First Dakota National Bank compare to other SBA lenders?
First Dakota National Bank has originated 221 SBA loans totaling $39.8M since 1991. 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 First Dakota National Bank lend in?
First Dakota National Bank provides SBA 7(a) financing with particularly strong presence in SD, NE, IA. 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?
Certified valuations are often required for SBA loans over $250,000.
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