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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
low activity
As Of March 31, 2026
Median
$645K
Average
$728K
Sweet Spot
$500K-$1M
Industries with highest loan volume
Beer, Wine, and Liquor Retailers
3
loans
$1.1M
avg. amount
Beer, Wine, and Liquor Retailers
3
loans
$1.1M
avg
Limited-Service Restaurants
2
loans
$692K
avg. amount
Limited-Service Restaurants
2
loans
$692K
avg
Coin-Operated Laundries and Drycleaners
2
loans
$705K
avg. amount
Coin-Operated Laundries and Drycleaners
2
loans
$705K
avg
Janitorial Services
1
loans
$487K
avg. amount
Janitorial Services
1
loans
$487K
avg
Independent Artists, Writers, and Performers
1
loans
$380K
avg. amount
Independent Artists, Writers, and Performers
1
loans
$380K
avg
Hardware Retailers
1
loans
$784K
avg. amount
Hardware Retailers
1
loans
$784K
avg
All Other Amusement and Recreation Industries
1
loans
$38K
avg. amount
All Other Amusement and Recreation Industries
1
loans
$38K
avg
All Other Miscellaneous Retailers
1
loans
$870K
avg. amount
All Other Miscellaneous Retailers
1
loans
$870K
avg
Other Building Material Dealers
1
loans
$866K
avg. amount
Other Building Material Dealers
1
loans
$866K
avg
General Automotive Repair
1
loans
$611K
avg. amount
General Automotive Repair
1
loans
$611K
avg
10-Year Default Rate
3.6%
Percentile Ranking
93th
93th percentile
This Lender
Market Average
| Loan Size | Avg Rate |
|---|---|
| $0-$500K | Prime + 2.10% |
| $500K-$1M | Prime + 1.25% |
| $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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