Security National Bank of South Dakota
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Security National Bank of South Dakota · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811192 | Car Washes | 1 | $962K | $962K | 50.0% |
| 311811 | Retail Bakeries | 1 | $102K | $102K | 50.0% |
Geographic Distribution
SBA lending activity for Security National Bank of South Dakota by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Nebraska (NE) | 1 | $962K | 50.0% |
| South Dakota (SD) | 1 | $102K | 50.0% |
Why Choose Security National Bank of South Dakota?
Based on SBA 7(a) lending track record from 2003-2013
- ✓Proven Track Record: 2 SBA loans approved, totaling $1.1M in financing
- ✓Industry Expertise: Specialized focus on Car Washes, Retail Bakeries
- ✓Competitive Terms: Average interest rate of 6.50% with flexible term lengths averaging 114 months
- ✓Loan Range: Loan sizes from $102K to $962K, with an average of $532K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in NE, 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 Security National Bank of South Dakota SBA lending
What types of businesses does Security National Bank of South Dakota typically finance?
Security National Bank of South Dakota specializes in SBA 7(a) lending to specific industries including car washes, retail bakeries. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Security National Bank of South Dakota's typical SBA loan terms?
Security National Bank of South Dakota's SBA 7(a) loans typically feature an average interest rate of 6.50% and average term length of 114 months (approximately 10 years). Loan sizes range from $102K to $962K, with an average loan size of $532K.
Do I need a business valuation for a Security National Bank of South Dakota SBA loan?
Yes, Security National Bank of South 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 National Bank of South Dakota compare to other SBA lenders?
Security National Bank of South Dakota has originated 2 SBA loans totaling $1.1M since 2003. 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 National Bank of South Dakota lend in?
Security National Bank of South Dakota provides SBA 7(a) financing with particularly strong presence in NE, 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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