Is Dacotah Bank a good SBA lender?

Dacotah Bank has funded 292 SBA loans totaling $70.8M in volume across 5 states, with an average loan size of $242K. The lender's default rate is 977.00%. Whether they are the right fit depends on your deal profile — loan size, industry, geography, and borrower credit. PeerSense matches your specific deal to Dacotah Bank or one of 897+ alternatives based on closing probability + pricing.

What is the average SBA loan size at Dacotah Bank?

The average SBA loan size at Dacotah Bank is $242K, with a range from $5K to $4.8M. This profile suggests they are best suited for borrowers seeking mid-market business acquisitions and equipment financing.

What states does Dacotah Bank lend in?

Dacotah Bank actively lends across 5 states. Their highest-volume state is South Dakota. Other top states include Minnesota, North Dakota. Borrower geography matters: a lender's state penetration affects underwriting familiarity, valuation comps, and turnaround speed.

Does Dacotah Bank fund franchise loans?

Yes — Dacotah Bank has funded SBA franchise loans across multiple brands. Their highest-volume franchise concept is Ace Hardware, followed by Pizza Ranch, PIZZA RANCH, UPPER CERVICAL HEALTH CENTERS. Lender-franchise familiarity matters: lenders that have closed multiple loans for a brand know the FDD inside-out, which speeds underwriting + reduces re-trade risk.

What industries does Dacotah Bank prefer?

Dacotah Bank's highest-volume SBA industry by NAICS code is Limited-Service Restaurants. Other active sectors: Building Material & Garden, Ambulatory Healthcare, Food Manufacturing. Borrower industry matters: matching your deal to a lender with strong recent volume in your NAICS reduces underwriting friction and improves close-rate odds.

How does PeerSense match deals to Dacotah Bank?

PeerSense matches your specific SBA deal to Dacotah Bank based on five factors: deal size vs lender's average + range, your industry vs lender's NAICS history, your state vs lender's geographic penetration, your franchise brand (if applicable) vs lender's brand history, and your credit + experience profile vs lender's known underwriting box. We don't sell leads — we curate fit. No retainer; lender pays referral fee at closing.

SBA LenderSouth DakotaActiveMid-Market

Dacotah Bank

SBA lender based in South Dakota serving 5 states and 47 industries

Quick Answer

Dacotah Bank has funded 292 SBA loans across 5 states and 47 industries. Their average loan size is $242K. Whether they are the right SBA lender for your deal depends on size, industry, geography, and credit profile — PeerSense matches your deal against Dacotah Bank and 897+ alternatives based on closing probability + pricing.

Geographic Reach

5 States

Regional focus

Industry Coverage

47 Industries

Diverse lending portfolio

Lending Activity

Active

Mid-Market focus

Top Lending States

South Dakota#1

Minnesota#2

North Dakota#3

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Industry Focus Areas

Limited-Service Restaurants

NAICS 722

Building Material & Garden

NAICS 444

Ambulatory Healthcare

NAICS 621

Food Manufacturing

NAICS 311

Sporting Goods & Hobby

NAICS 451

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Why borrowers choose Dacotah Bank

Dacotah Bank is best suited for borrowers seeking mid-market business acquisitions and franchise build-outs, with an average SBA loan of $242K. The lender's deepest industry experience is in Limited-Service Restaurants, and their highest-volume state is South Dakota. With 292 SBA loans funded across 5 states, they operate as a regional specialist anchored in South Dakota. Their portfolio default rate is 977.00%. If your deal profile aligns with their underwriting box, this lender is worth a quote — PeerSense matches your specific deal against Dacotah Bank and 897+ alternatives.

Recent SBA Activity at Dacotah Bank

Franchise lending: Dacotah Bank has funded SBA loans for multiple franchise concepts, with the highest volume in Ace Hardware, Pizza Ranch, and PIZZA RANCH. Lender-franchise familiarity reduces underwriting friction: brands the lender already knows clear faster and re-trade less.

Industry concentration: The lender's highest-volume SBA industries are Limited-Service Restaurants, Building Material & Garden, and Ambulatory Healthcare. Borrowers in these NAICS sectors typically see better terms and faster approvals.

Geographic concentration: Top markets are South Dakota, Minnesota, and North Dakota. Lenders typically underwrite faster in states where they already have closing comps.

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Compare Dacotah Bank to Similar SBA Lenders

Other SBA lenders headquartered in South Dakota with similar deal-size profiles. Borrowers should always compare 3–5 lenders before committing.

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Black Hills FCU

355 loans$134K avg4 states

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About Dacotah Bank SBA Lending

Dacotah Bank is an SBA lender headquartered in South Dakota. PeerSense tracks this lender's SBA lending activity, including approval trends, geographic coverage, and industry specializations.

Dacotah Bank serves borrowers across 5 states and 47 industry sectors with a regional lending focus. To find out whether Dacotah Bank is a good fit for your specific deal, reach out to PeerSense for a free lender match.

PeerSense maintains detailed performance data on hundreds of SBA lenders to help borrowers and brokers identify the right capital source. Rather than spending weeks researching lenders on your own, book a free call and let our team match you with lenders who have a proven track record in your industry and geography.

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