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
264
2010–2026
Total Volume
$95M
Gross loan amounts
States Active
6
With recorded loans
Programs
7(a) & 504
264 total segments
The First National Bank in Sioux Falls has a strong focus on 504 loans, making up 30% of their total SBA deals, which is significantly higher than the national average of 18%. This indicates they are well-suited for borrowers looking to finance real estate or large equipment purchases.
With an average 7(a) spread of P+1.17%, The First National Bank offers competitive pricing compared to the national median of P+2.75%. This lower spread can save borrowers money over the life of the loan, making it an attractive option for financing.
The bank's growth trend shows a decline of 21% year-over-year in deal volume, which may indicate a tightening of lending criteria. Borrowers should be prepared for potentially stricter approval processes as the bank adjusts to this downward trend.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 80 504 loans, which use fixed SBA debenture rates.
States where The First National Bank in Sioux Falls has recorded SBA lending activity.
+ 1 more state
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Restaurants & Food Service
Accommodation & Food Services
Specialty Trade Contractors
Construction
Other Repair & Services
Other Services
Manufacturing
Manufacturing
Transportation & Warehousing
Transportation & Warehousing
Wholesale Trade
Wholesale Trade
Arts, Entertainment & Recreation
Arts, Entertainment & Recreation
Other Health Practitioners
Health Care & Social Assistance
+ 7 more
All recorded SBA lending activity for The First National Bank in Sioux Falls, 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) | 17 | P+1.73% | $92K | Q4 2025 |
| South Dakota · Restaurants & Food Service · $150K – $350K | 7(a) | 10 | P+1.20% | $253K | Q1 2025 |
| South Dakota · Restaurants & Food Service · $500K – $1M | 7(a) | 9 | P+0.75% | $721K | Q1 2025 |
| South Dakota · Specialty Trade Contractors · Under $150K | 7(a) | 8 | P+1.35% | $92K | Q2 2025 |
| South Dakota · Other Repair & Services · Under $150K | 7(a) | 8 | P+1.23% | $80K | Q2 2025 |
| South Dakota · Other Health Practitioners · Under $150K | 7(a) | 6 | P+1.50% | $117K | Q1 2025 |
| South Dakota · Administrative & Waste Services · Under $150K | 7(a) | 5 | P+1.25% | $91K | Q4 2024 |
| South Dakota · Manufacturing · Under $150K | 7(a) | 5 | P+1.50% | $106K | Q4 2025 |
| South Dakota · Retail Trade · Under $150K | 7(a) | 4 | P+2.00% | $75K | Q2 2020 |
| South Dakota · Transportation & Warehousing · $150K – $350K | 7(a) | 4 | P+2.09% | $248K | Q3 2025 |
| South Dakota · Transportation & Warehousing · Under $150K | 7(a) | 4 | P+2.05% | $93K | Q4 2024 |
| South Dakota · Transportation & Warehousing · $350K – $500K | 7(a) | 4 | P+3.04% | $420K | Q2 2020 |
| South Dakota · Information & Media · Under $150K | 7(a) | 4 | P+1.70% | $54K | Q1 2022 |
| South Dakota · Manufacturing · $150K – $350K | 7(a) | 4 | P+1.38% | $198K | Q2 2020 |
| South Dakota · Engineering & Architecture · Under $150K | 7(a) | 4 | P+2.25% | $100K | Q3 2020 |
| South Dakota · Miscellaneous Retail · Under $150K | 7(a) | 4 | P+1.63% | $48K | Q4 2025 |
| South Dakota · Specialty Trade Contractors · $150K – $350K | 7(a) | 4 | P+0.18% | $236K | Q1 2024 |
| South Dakota · Auto Repair & Maintenance · $150K – $350K | 504 | 4 | — | $295K | Q2 2025 |
| South Dakota · Other Repair & Services · $150K – $350K | 504 | 3 | — | $206K | Q2 2021 |
| South Dakota · Wholesale Trade · Under $150K | 504 | 3 | — | $123K | Q3 2025 |
| South Dakota · Wholesale Trade · Under $150K | 7(a) | 3 | P+2.75% | $83K | Q3 2021 |
| South Dakota · Retail Trade · $150K – $350K | 7(a) | 3 | P+1.50% | $283K | Q3 2020 |
| South Dakota · Education · Under $150K | 7(a) | 3 | P+1.44% | $49K | Q2 2024 |
| South Dakota · Arts, Entertainment & Recreation · $150K – $350K | 7(a) | 3 | P+0.00% | $277K | Q4 2024 |
| South Dakota · Restaurants & Food Service · $150K – $350K | 504 | 2 | — | $289K | Q4 2021 |
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