Reliabank Dakota
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Reliabank Dakota · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 332710 | Machine Shops | 4 | $493K | $123K | 7.8% |
| 444110 | Home Centers | 2 | $460K | $230K | 3.9% |
| 531120 | Lessors of Nonresidential Buildings (except Miniwarehouses) | 2 | $765K | $383K | 3.9% |
| 541320 | Landscape Architectural Services | 2 | $191K | $96K | 3.9% |
| 713940 | Fitness and Recreational Sports Centers | 2 | $108K | $54K | 3.9% |
| 722410 | Drinking Places (Alcoholic Beverages) | 2 | $150K | $75K | 3.9% |
| 811121 | Automotive Body, Paint, and Interior Repair and Maintenance | 2 | $250K | $125K | 3.9% |
| 423850 | Service Establishment Equipment and Supplies Merchant Wholesalers | 2 | $330K | $165K | 3.9% |
| 238990 | All Other Specialty Trade Contractors | 2 | $140K | $70K | 3.9% |
| 621310 | Offices of Chiropractors | 2 | $262K | $131K | 3.9% |
Geographic Distribution
SBA lending activity for Reliabank Dakota by state
| State | Loans | Volume | Share |
|---|---|---|---|
| South Dakota (SD) | 51 | $12.8M | 100.0% |
Why Choose Reliabank Dakota?
Based on SBA 7(a) lending track record from 1991-2025
- ✓Proven Track Record: 51 SBA loans approved, totaling $12.8M in financing
- ✓Industry Expertise: Specialized focus on Machine Shops, Home Centers, Lessors of Nonresidential Buildings (except Miniwarehouses)
- ✓Competitive Terms: Average interest rate of 6.59% with flexible term lengths averaging 115 months
- ✓Loan Range: Loan sizes from $20K to $1.8M, with an average of $250K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in SD
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 Reliabank Dakota SBA lending
What types of businesses does Reliabank Dakota typically finance?
Reliabank Dakota specializes in SBA 7(a) lending to specific industries including machine shops, home centers, lessors of nonresidential buildings (except miniwarehouses), landscape architectural services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Reliabank Dakota's typical SBA loan terms?
Reliabank Dakota's SBA 7(a) loans typically feature an average interest rate of 6.59% and average term length of 115 months (approximately 10 years). Loan sizes range from $20K to $1.8M, with an average loan size of $250K.
Do I need a business valuation for a Reliabank Dakota SBA loan?
Yes, Reliabank Dakota 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 Reliabank Dakota compare to other SBA lenders?
Reliabank Dakota has originated 51 SBA loans totaling $12.8M 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 Reliabank Dakota lend in?
Reliabank Dakota provides SBA 7(a) financing with particularly strong presence in SD. 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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