Reliabank Dakota
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Reliabank Dakota
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 522320 | Financial Transactions Processing, Reserve, and Clearinghouse Activiti | 8 | $14.4M | $1.8M | 25.0% |
| 624410 | Child Day Care Services | 8 | $1.7M | $215K | 25.0% |
| 423110 | Automobile and Other Motor Vehicle Merchant Wholesalers | 8 | $4.8M | $600K | 25.0% |
| 811490 | Other Personal and Household Goods Repair and Maintenance | 8 | $1.8M | $227K | 25.0% |
Geographic Distribution
SBA lending activity for Reliabank Dakota by state
| State | Loans | Volume | Share |
|---|---|---|---|
| South Dakota (SD) | 32 | $22.8M | 100.0% |
Why Choose Reliabank Dakota?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 32 SBA loans approved, totaling $22.8M in financing
- ✓Industry Expertise: Specialized focus on Financial Transactions Processing, Reserve, and Clearinghouse Activiti, Child Day Care Services, Automobile and Other Motor Vehicle Merchant Wholesalers
- ✓Competitive Terms: Average interest rate of 6.75% with flexible term lengths averaging 87 months
- ✓Loan Range: Loan sizes from $215K to $1.8M, with an average of $711K
- ✓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 financial transactions processing, reserve, and clearinghouse activiti, child day care services, automobile and other motor vehicle merchant wholesalers, other personal and household goods repair and maintenance. 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 6.75% and average term length of 87 months (approximately 7 years). Loan sizes range from $215K to $1.8M, with an average loan size of $711K.
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 32 SBA loans totaling $22.8M 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 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?
Professional valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.