GOOD
How competitive are their spreads? Lower = better for you.
GOOD
Total SBA loans closed. More deals = more experience.
GOOD
How many industries do they lend in? More = flexible.
WEAK
States where they've done deals. Wider = easier if you're out of state.
Total SBA Loans
170
2010–2026
Total Volume
$108M
Gross loan amounts
States Active
5
With recorded loans
Programs
7(a) & 504
170 total segments
First Dakota National Bank has a strong focus on 504 loans, with 74% of their deals in this category, significantly higher than the national average of 18%. This makes them a great option for borrowers looking for real estate financing.
With an average 7(a) spread of P+2.28%, First Dakota offers competitive pricing compared to the national median of P+2.75%. This could lead to lower overall borrowing costs for your business.
The bank has shown impressive growth, doubling their deals year-over-year. This trend suggests they are actively expanding their lending capacity, which could mean a more favorable environment for new applicants.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 126 504 loans, which use fixed SBA debenture rates.
States where FIRST DAKOTA NATIONAL BANK has recorded SBA lending activity.
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Restaurants & Food Service
Accommodation & Food Services
Manufacturing
Manufacturing
Hotels & Accommodation
Accommodation & Food Services
Other Health Practitioners
Health Care & Social Assistance
Arts, Entertainment & Recreation
Arts, Entertainment & Recreation
Auto Repair & Maintenance
Other Services
Wholesale Trade
Wholesale Trade
Nursing & Residential Care
Health Care & Social Assistance
+ 7 more
All recorded SBA lending activity for FIRST DAKOTA NATIONAL BANK, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| South Dakota · Other Health Practitioners · Under $150K | 7(a) | 6 | P+2.67% | $53K | Q4 2019 |
| South Dakota · Restaurants & Food Service · $150K – $350K | 504 | 6 | — | $244K | Q4 2021 |
| South Dakota · Manufacturing · $500K – $1M | 504 | 5 | — | $786K | Q1 2024 |
| South Dakota · Arts, Entertainment & Recreation · $150K – $350K | 504 | 5 | — | $261K | Q2 2021 |
| South Dakota · Restaurants & Food Service · $500K – $1M | 504 | 5 | — | $655K | Q3 2025 |
| South Dakota · Nursing & Residential Care · $500K – $1M | 504 | 4 | — | $644K | Q4 2019 |
| South Dakota · Auto Repair & Maintenance · Under $150K | 504 | 4 | — | $118K | Q1 2025 |
| South Dakota · Hotels & Accommodation · $2M – $5M | 504 | 3 | — | $2.7M | Q2 2025 |
| South Dakota · Hotels & Accommodation · $1M – $2M | 504 | 3 | — | $1.1M | Q1 2024 |
| South Dakota · Auto Repair & Maintenance · $500K – $1M | 504 | 3 | — | $730K | Q3 2025 |
| South Dakota · General Merchandise · $150K – $350K | 7(a) | 3 | P+2.50% | $252K | Q3 2017 |
| South Dakota · Hotels & Accommodation · $350K – $500K | 504 | 3 | — | $418K | Q2 2021 |
| South Dakota · Manufacturing · $5M+ | 504 | 3 | — | $5.5M | Q3 2023 |
| South Dakota · Retail Trade · $150K – $350K | 504 | 3 | — | $251K | Q1 2020 |
| South Dakota · Arts, Entertainment & Recreation · $500K – $1M | 504 | 3 | — | $739K | Q3 2022 |
| South Dakota · Restaurants & Food Service · $350K – $500K | 504 | 3 | — | $432K | Q2 2023 |
| South Dakota · Specialty Trade Contractors · Under $150K | 7(a) | 3 | P+2.75% | $77K | Q4 2015 |
| South Dakota · Restaurants & Food Service · Under $150K | 7(a) | 3 | P+2.75% | $55K | Q4 2020 |
| South Dakota · Other Health Practitioners · $150K – $350K | 504 | 3 | — | $262K | Q3 2014 |
| South Dakota · Arts, Entertainment & Recreation · $150K – $350K | 7(a) | 2 | P+2.75% | $186K | Q2 2012 |
| South Dakota · Wholesale Trade · $2M – $5M | 504 | 2 | — | $4.0M | Q1 2025 |
| South Dakota · Heavy & Civil Engineering · $500K – $1M | 504 | 2 | — | $741K | Q2 2025 |
| South Dakota · Auto Dealers & Parts · $150K – $350K | 504 | 2 | — | $241K | Q2 2025 |
| South Dakota · Manufacturing · Under $150K | 504 | 2 | — | $113K | Q2 2021 |
| South Dakota · Gas Stations · $150K – $350K | 504 | 2 | — | $179K | Q4 2017 |
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Real experiences from borrowers who closed SBA loans with FIRST DAKOTA NATIONAL BANK.
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