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First Dakota National Bank

YANKTON, SD 57078

⭐ SBA Preferred Lender
14
Loans Approved
$7.2M
Total Volume
$515K
Avg Loan Size
1
States Served

States Served

South Dakota

Top Industries Financed

  • Offices of Chiropractors
  • Full-Service Restaurants
  • Human Resources and Executive Search Consulting Services
  • Private Mail Centers
  • Roofing Contractors

Quick Summary

First Dakota National Bank is an SBA-approved lender headquartered in YANKTON, South Dakota. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 14 SBA 7(a) loans totaling $7.2M, with an average loan size of $515K. They primarily serve South Dakota businesses.

About First Dakota National Bank

First Dakota National Bank is an SBA-approved lender headquartered in YANKTON, South Dakota. Since 2020, they have approved 14 SBA 7(a) loans totaling $7.2M, with an average loan size of $515K. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They primarily serve businesses in South Dakota.

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Helpful SBA Borrower Guides

SBA 7(a) RequirementsDocuments ChecklistHow to Choose a Lender

Frequently Asked Questions

Is First Dakota National Bank an SBA Preferred Lender?

Yes, First Dakota National Bank is an SBA Preferred Lender (PLP). This means they have delegated authority from the SBA to approve loans without prior SBA review, resulting in faster approvals — typically 7–10 business days instead of 4–6 weeks.

How many SBA loans has First Dakota National Bank approved?

According to SBA FOIA public records, First Dakota National Bank has approved 14 SBA 7(a) loans totaling $7.2M since 2020. Their average loan size is $515K.

What states does First Dakota National Bank serve?

First Dakota National Bank primarily serves businesses in South Dakota.

How do I apply for an SBA loan with First Dakota National Bank?

To apply for an SBA 7(a) loan with First Dakota National Bank, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.

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