STRONG
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
112
2010–2026
Total Volume
$53M
Gross loan amounts
States Active
3
With recorded loans
Programs
7(a) & 504
112 total segments
First PREMIER Bank has a strong focus on 504 loans, with 46% of their total deals in this category, significantly higher than the national average of around 18%. This makes them a great option for borrowers looking for real estate financing.
With an average 7(a) spread of P+2.17%, First PREMIER Bank offers competitive pricing compared to the national median of P+2.75%. This could lead to lower borrowing costs for your loan.
The majority of First PREMIER Bank's deals (62%) are for existing businesses, indicating they primarily serve established companies. If you're a startup or looking to acquire, you may face more competition for funding.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 52 504 loans, which use fixed SBA debenture rates.
States where First PREMIER 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
Retail Trade
Retail Trade
Specialty Trade Contractors
Construction
Arts, Entertainment & Recreation
Arts, Entertainment & Recreation
Social Assistance
Health Care & Social Assistance
Manufacturing
Manufacturing
Wholesale Trade
Wholesale Trade
Auto Repair & Maintenance
Other Services
+ 7 more
All recorded SBA lending activity for First PREMIER Bank, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| South Dakota · Restaurants & Food Service · Under $150K | 7(a) | 8 | P+2.60% | $140K | Q4 2019 |
| South Dakota · Administrative & Waste Services · Under $150K | 7(a) | 5 | P+2.75% | $78K | Q1 2023 |
| South Dakota · Arts, Entertainment & Recreation · Under $150K | 7(a) | 4 | P+2.25% | $83K | Q1 2022 |
| South Dakota · Manufacturing · Under $150K | 7(a) | 3 | P+1.25% | $70K | Q4 2019 |
| South Dakota · Retail Trade · Under $150K | 7(a) | 3 | P+4.00% | $103K | Q3 2018 |
| South Dakota · Finance & Insurance · Under $150K | 7(a) | 3 | P+2.70% | $112K | Q1 2019 |
| South Dakota · Social Assistance · Under $150K | 7(a) | 2 | P+2.38% | $138K | Q4 2019 |
| South Dakota · Restaurants & Food Service · $500K – $1M | 504 | 2 | — | $720K | Q3 2010 |
| South Dakota · Accounting & Tax · Under $150K | 7(a) | 2 | P+1.60% | $80K | Q1 2021 |
| South Dakota · Hotels & Accommodation · $1M – $2M | 504 | 2 | — | $1.6M | Q2 2023 |
| South Dakota · Social Assistance · $350K – $500K | 504 | 2 | — | $451K | Q1 2014 |
| South Dakota · Real Estate · $500K – $1M | 504 | 2 | — | $710K | Q3 2020 |
| South Dakota · Auto Repair & Maintenance · Under $150K | 504 | 2 | — | $107K | Q2 2012 |
| South Dakota · Food & Beverage Stores · Under $150K | 7(a) | 2 | P+1.75% | $104K | Q3 2022 |
| South Dakota · Restaurants & Food Service · $150K – $350K | 7(a) | 2 | P+1.50% | $230K | Q1 2022 |
| South Dakota · Retail Trade · $150K – $350K | 7(a) | 2 | P+2.13% | $225K | Q2 2016 |
| South Dakota · Specialty Trade Contractors · $350K – $500K | 504 | 2 | — | $404K | Q4 2024 |
| South Dakota · Personal Care (Salons, Spas) · Under $150K | 7(a) | 2 | P+1.12% | $34K | Q2 2025 |
| South Dakota · Auto Repair & Maintenance · $150K – $350K | 504 | 2 | — | $225K | Q4 2021 |
| South Dakota · Specialty Trade Contractors · Under $150K | 504 | 2 | — | $107K | Q3 2016 |
| South Dakota · Retail Trade · $500K – $1M | 7(a) | 1 | P+2.75% | $880K | Q3 2013 |
| South Dakota · Finance & Insurance · $500K – $1M | 7(a) | 1 | P+2.75% | $858K | Q4 2011 |
| South Dakota · Laundry & Dry Cleaning · Under $150K | 504 | 1 | — | $144K | Q1 2010 |
| South Dakota · Engineering & Architecture · $500K – $1M | 504 | 1 | — | $941K | Q2 2024 |
| South Dakota · Restaurants & Food Service · $150K – $350K | 504 | 1 | — | $326K | Q1 2021 |
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Real experiences from borrowers who closed SBA loans with First PREMIER Bank.
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