Is First Dakota National Bank a good SBA lender?

First Dakota National Bank has funded 205 SBA loans totaling $38.0M in volume across 3 states, with an average loan size of $185K. The lender's default rate is 1495.00%. Whether they are the right fit depends on your deal profile — loan size, industry, geography, and borrower credit. PeerSense matches your specific deal to First Dakota National Bank or one of 897+ alternatives based on closing probability + pricing.

What is the average SBA loan size at First Dakota National Bank?

The average SBA loan size at First Dakota National Bank is $185K, with a range from $10K to $2.1M. This profile suggests they are best suited for borrowers seeking smaller businesses, working capital, and franchise startups.

What states does First Dakota National Bank lend in?

First Dakota National Bank actively lends across 3 states. Their highest-volume state is South Dakota. Other top states include Nebraska. Borrower geography matters: a lender's state penetration affects underwriting familiarity, valuation comps, and turnaround speed.

Does First Dakota National Bank fund franchise loans?

Yes — First Dakota National Bank has funded SBA franchise loans across multiple brands. Their highest-volume franchise concept is See The Trainer, followed by CURVES FOR WOMEN, SERVICEMASTER, BEN FRANKLIN STORE. 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 First Dakota National Bank prefer?

First Dakota National Bank's highest-volume SBA industry by NAICS code is Amusement & Recreation. Other active sectors: Limited-Service Restaurants, Wholesale-Durable Goods, Miscellaneous Retail. 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 First Dakota National Bank?

PeerSense matches your specific SBA deal to First Dakota National 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 DakotaActiveSmall Business

First Dakota National Bank

SBA lender based in South Dakota serving 3 states and 43 industries

Quick Answer

First Dakota National Bank has funded 205 SBA loans across 3 states and 43 industries. Their average loan size is $185K. Whether they are the right SBA lender for your deal depends on size, industry, geography, and credit profile — PeerSense matches your deal against First Dakota National Bank and 897+ alternatives based on closing probability + pricing.

Geographic Reach

3 States

Regional focus

Industry Coverage

43 Industries

Diverse lending portfolio

Lending Activity

Active

Small Business focus

Top Lending States

South Dakota#1

Nebraska#2

Tell us about your deal and we'll match you with the right capital source from our network.

Book a Call

Industry Focus Areas

Amusement & Recreation

NAICS 713

Limited-Service Restaurants

NAICS 722

Wholesale-Durable Goods

NAICS 423

Miscellaneous Retail

NAICS 453

Sporting Goods & Hobby

NAICS 451

View all industries

Why borrowers choose First Dakota National Bank

First Dakota National Bank is best suited for borrowers seeking small-business working capital, startup, and franchise loans, with an average SBA loan of $185K. The lender's deepest industry experience is in Amusement & Recreation, and their highest-volume state is South Dakota. With 205 SBA loans funded across 3 states, they operate as a regional specialist anchored in South Dakota. Their portfolio default rate is 1495.00%. If your deal profile aligns with their underwriting box, this lender is worth a quote — PeerSense matches your specific deal against First Dakota National Bank and 897+ alternatives.

Recent SBA Activity at First Dakota National Bank

Franchise lending: First Dakota National Bank has funded SBA loans for multiple franchise concepts, with the highest volume in See The Trainer, CURVES FOR WOMEN, and SERVICEMASTER. 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 Amusement & Recreation, Limited-Service Restaurants, and Wholesale-Durable Goods. Borrowers in these NAICS sectors typically see better terms and faster approvals.

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

SBA Loan Programs Best SBA Franchise Lenders SBA Loan Calculator

Compare First Dakota National 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.

South Dakota · SBA Lender

Wells Fargo Bank National Association

128,156 loans$262K avg55 states

View profile

South Dakota · SBA Lender

Citibank, N.A.

9,042 loans$135K avg30 states

View profile

South Dakota · SBA Lender

First National Bank

959 loans$222K avg22 states

View profile

South Dakota · SBA Lender

First Bank & Trust

553 loans$386K avg7 states

View profile

South Dakota · SBA Lender

Black Hills FCU

355 loans$134K avg4 states

View profile

Browse all 897+ SBA lenders

Looking for SBA Financing?

Tell us about your deal and we'll match you with the right capital source from our network. PeerSense uses proprietary data on lender track records to find the best fit for your industry, location, and loan size.

Get Matched Free Contact Us

About First Dakota National Bank SBA Lending

First Dakota National 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.

First Dakota National Bank serves borrowers across 3 states and 43 industry sectors with a regional lending focus. To find out whether First Dakota National 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.

Back to All Lenders

First Dakota National Bank Get a Quote