Security First Bank of North Dakota
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Security First Bank of North Dakota
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 8 | $372K | $47K | 14.3% |
| 812112 | Beauty Salons | 8 | $400K | $50K | 14.3% |
| 621310 | Offices of Chiropractors | 8 | $2.2M | $270K | 14.3% |
| 621399 | Offices of All Other Miscellaneous Health Practitioners | 8 | $1.1M | $137K | 14.3% |
| 492210 | Local Messengers and Local Delivery | 8 | $2.2M | $280K | 14.3% |
| 812113 | Nail Salons | 8 | $4.0M | $499K | 14.3% |
| 722410 | Drinking Places (Alcoholic Beverages) | 8 | $2.7M | $335K | 14.3% |
Geographic Distribution
SBA lending activity for Security First Bank of North Dakota by state
| State | Loans | Volume | Share |
|---|---|---|---|
| North Dakota (ND) | 56 | $12.9M | 100.0% |
Why Choose Security First Bank of North Dakota?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 56 SBA loans approved, totaling $12.9M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Beauty Salons, Offices of Chiropractors
- ✓Competitive Terms: Average interest rate of 7.22% with flexible term lengths averaging 122 months
- ✓Loan Range: Loan sizes from $47K to $499K, with an average of $231K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in ND
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 Security First Bank of North Dakota SBA lending
What types of businesses does Security First Bank of North Dakota typically finance?
Security First Bank of North Dakota specializes in SBA 7(a) lending to specific industries including full-service restaurants, beauty salons, offices of chiropractors, offices of all other miscellaneous health practitioners. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Security First Bank of North Dakota's typical SBA loan terms?
Security First Bank of North Dakota's SBA 7(a) loans typically feature an average interest rate of 7.22% and average term length of 122 months (approximately 10 years). Loan sizes range from $47K to $499K, with an average loan size of $231K.
Do I need a business valuation for a Security First Bank of North Dakota SBA loan?
Yes, Security First Bank of North 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 Security First Bank of North Dakota compare to other SBA lenders?
Security First Bank of North Dakota has originated 56 SBA loans totaling $12.9M 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 Security First Bank of North Dakota lend in?
Security First Bank of North Dakota provides SBA 7(a) financing with particularly strong presence in ND. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
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