First National Bank in Sioux Falls approved 78 SBA loans worth $28.2M between October 2021 and June 2026, ranking #426 of 2,283 SBA lenders nationally by loan count. Its median loan was $185,000, and 58% went to startups or businesses under two years old. It lent in 4 states, most often in South Dakota, and its most financed industry was restaurants and hotels.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| South Dakota | 72 | $26.4M | $163,750 | #5 |
| Minnesota | 4 | $775K | $187,500 | #154 |
| Iowa | 1 | $550K | $550,000 | #203 |
| Nebraska | 1 | $500K | $500,000 | #129 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Restaurants and hotels | 19 | $305,500 | |
| Other services (repair, personal care) | 11 | $133,300 | |
| Construction | 11 | $261,500 | |
| Retail | 6 | $140,100 | |
| Health care and social assistance | 5 | $150,000 | |
| Arts, entertainment and recreation | 5 | $325,000 | |
| Transportation and warehousing | 5 | $137,000 | |
| Manufacturing | 4 | $288,750 | |
| Administrative and support services | 3 | $75,000 | |
| Professional and technical services | 3 | $225,000 |