Western Dakota Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Western Dakota Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811310 | Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance | 1 | $10K | $10K | 33.3% |
| 115112 | Soil Preparation, Planting, and Cultivating | 1 | $98K | $98K | 33.3% |
Geographic Distribution
SBA lending activity for Western Dakota Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| South Dakota (SD) | 3 | $323K | 100.0% |
Why Choose Western Dakota Bank?
Based on SBA 7(a) lending track record from 1995-1996
- ✓Proven Track Record: 3 SBA loans approved, totaling $323K in financing
- ✓Industry Expertise: Specialized focus on Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance, Soil Preparation, Planting, and Cultivating
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 88 months
- ✓Loan Range: Loan sizes from $10K to $215K, with an average of $108K
- ✓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 Western Dakota Bank SBA lending
What types of businesses does Western Dakota Bank typically finance?
Western Dakota Bank specializes in SBA 7(a) lending to specific industries including commercial and industrial machinery and equipment (except automotive and electronic) repair and maintenance, soil preparation, planting, and cultivating. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Western Dakota Bank's typical SBA loan terms?
Western Dakota Bank's SBA 7(a) loans typically feature an average interest rate of — and average term length of 88 months (approximately 7 years). Loan sizes range from $10K to $215K, with an average loan size of $108K.
Do I need a business valuation for a Western Dakota Bank SBA loan?
Yes, Western Dakota 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 Western Dakota Bank compare to other SBA lenders?
Western Dakota Bank has originated 3 SBA loans totaling $323K since 1995. 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 Western Dakota Bank lend in?
Western Dakota Bank 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.
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