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First Bank & Trust is one of South Dakota's largest family- and employee-owned banks with a 100-year legacy of service in the Brookings community. Founded in 1925, the institution operates 22 locations across South Dakota and Minnesota, offering comprehensive financial services including checking, savings, mortgages, and investment products.
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SBA 7(a) Acquisition Loan Data As Of March 31, 2026
Last 12 Months
Last 3 Years
YoY Growth
expanding
As Of March 31, 2026
Median
$487K
Average
$639K
Sweet Spot
$0-$500K
Industries with highest loan volume
Janitorial Services
4
loans
$487K
avg. amount
Janitorial Services
Loans
4
Avg. Amount
$487K
Beer, Wine, and Liquor Retailers
4
loans
$911K
avg. amount
Beer, Wine, and Liquor Retailers
Loans
4
Avg. Amount
$911K
Independent Artists, Writers, and Performers
3
loans
$380K
avg. amount
Independent Artists, Writers, and Performers
Loans
3
Avg. Amount
$380K
Coin-Operated Laundries and Drycleaners
3
loans
$564K
avg. amount
Coin-Operated Laundries and Drycleaners
Loans
3
Avg. Amount
$564K
All Other Miscellaneous Retailers
2
loans
$870K
avg. amount
All Other Miscellaneous Retailers
Loans
2
Avg. Amount
$870K
Limited-Service Restaurants
2
loans
$692K
avg. amount
Limited-Service Restaurants
Loans
2
Avg. Amount
$692K
Funeral Homes and Funeral Services
2
loans
$813K
avg. amount
Funeral Homes and Funeral Services
Loans
2
Avg. Amount
$813K
Other Building Material Dealers
1
loans
$866K
avg. amount
Other Building Material Dealers
Loans
1
Avg. Amount
$866K
All Other Amusement and Recreation Industries
1
loans
$38K
avg. amount
All Other Amusement and Recreation Industries
Loans
1
Avg. Amount
$38K
General Automotive Repair
1
loans
$611K
avg. amount
General Automotive Repair
Loans
1
Avg. Amount
$611K
10-Year Default Rate
2.2%
Percentile Ranking
90th
90th percentile
This Lender
Market Average
| Loan Size | Avg Rate |
|---|---|
| $0-$500K | Prime + 2.16% |
| $500K-$1M | Prime + 1.54% |
| $1M-$2M | Prime + 1.45% |
| $2M-$3M | Prime + 1.00% |
Spread over Prime at time of loan origination
As Of March 31, 2026 - States by loan volume (darker blue = higher volume)
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