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
85
2010–2026
Total Volume
$34M
Gross loan amounts
States Active
3
With recorded loans
Programs
7(a) & 504
85 total segments
Most active in South Dakota (95% of deals) and focuses heavily on other health practitioners (13% of deals).
40% of Pioneer Bank & Trust's SBA deals go to startups and new businesses — more startup-friendly than most SBA lenders, where existing businesses typically dominate.
85 SBA loans worth $34.0M since FY2010, though deal volume has declined 50% from the prior year.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 38 504 loans, which use fixed SBA debenture rates.
States where Pioneer Bank & Trust has recorded SBA lending activity.
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Other Health Practitioners
Health Care & Social Assistance
Restaurants & Food Service
Accommodation & Food Services
Hotels & Accommodation
Accommodation & Food Services
Miscellaneous Retail
Retail Trade
Other Repair & Services
Other Services
Agriculture & Forestry
Agriculture & Forestry
Auto Repair & Maintenance
Other Services
Manufacturing
Manufacturing
+ 7 more
All recorded SBA lending activity for Pioneer Bank & Trust, 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) | 5 | P+1.50% | $90K | Q3 2024 |
| South Dakota · Agriculture & Forestry · Under $150K | 7(a) | 4 | P+2.50% | $66K | Q1 2021 |
| South Dakota · Miscellaneous Retail · Under $150K | 7(a) | 4 | P+1.00% | $91K | Q1 2024 |
| South Dakota · Other Repair & Services · Under $150K | 7(a) | 3 | P+2.25% | $50K | Q2 2024 |
| South Dakota · Personal Care (Salons, Spas) · Under $150K | 7(a) | 3 | P+2.75% | $73K | Q1 2021 |
| South Dakota · Other Health Practitioners · $150K – $350K | 7(a) | 3 | P+0.00% | $240K | Q3 2023 |
| South Dakota · Restaurants & Food Service · $500K – $1M | 504 | 2 | — | $787K | Q3 2015 |
| South Dakota · Manufacturing · $150K – $350K | 504 | 2 | — | $235K | Q3 2012 |
| South Dakota · Real Estate · Under $150K | 7(a) | 2 | P+1.25% | $50K | Q1 2025 |
| South Dakota · Other Repair & Services · $150K – $350K | 504 | 2 | — | $321K | Q2 2024 |
| South Dakota · Arts, Entertainment & Recreation · $150K – $350K | 504 | 2 | — | $265K | Q1 2024 |
| South Dakota · Information & Media · $150K – $350K | 7(a) | 2 | P+1.50% | $300K | Q2 2020 |
| South Dakota · Auto Repair & Maintenance · $150K – $350K | 504 | 2 | — | $284K | Q3 2025 |
| South Dakota · Restaurants & Food Service · $150K – $350K | 7(a) | 2 | P+2.13% | $254K | Q3 2023 |
| South Dakota · Administrative & Waste Services · $150K – $350K | 7(a) | 1 | P+2.25% | $315K | Q3 2022 |
| South Dakota · Arts, Entertainment & Recreation · Under $150K | 7(a) | 1 | P+0.35% | $64K | Q3 2025 |
| South Dakota · Arts, Entertainment & Recreation · $150K – $350K | 7(a) | 1 | P+2.70% | $224K | Q4 2011 |
| Wyoming · Restaurants & Food Service · Under $150K | 7(a) | 1 | P+2.25% | $131K | Q3 2021 |
| Wyoming · Restaurants & Food Service · $2M – $5M | 7(a) | 1 | P+2.25% | $2.2M | Q1 2022 |
| South Dakota · Auto Repair & Maintenance · Under $150K | 504 | 1 | — | $147K | Q3 2022 |
| South Dakota · Arts, Entertainment & Recreation · $500K – $1M | 504 | 1 | — | $835K | Q2 2019 |
| South Dakota · Food & Beverage Stores · Under $150K | 504 | 1 | — | $133K | Q3 2020 |
| South Dakota · Education · $500K – $1M | 504 | 1 | — | $660K | Q4 2011 |
| South Dakota · Other Health Practitioners · $500K – $1M | 504 | 1 | — | $682K | Q1 2019 |
| South Dakota · Auto Repair & Maintenance · $1M – $2M | 504 | 1 | — | $1.5M | Q3 2022 |
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