How can I contact The First National Bank in Sioux Falls?

You can contact The First National Bank in Sioux Falls by phone at (605) 335-5200.

The First National Bank in Sioux Falls

About

A local, family-owned bank established in 1885, serving Sioux Falls and surrounding South Dakota communities. Operating 18 branches with a commitment to personal and business banking, agribusiness, and mortgage services. Built on core FIRST Values and a 130+ year foundation in community relationships.

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Services

SBA Lenders

Reviews & Ratings

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SBA 7(a) Lending Analytics

Below Market Rate

SBA 7(a) Acquisition Loan Data As Of March 31, 2026

SBA Acquisition Loan Activity

Last 12 Months

2

Top 25%

Last 3 Years

11

Top 20%

YoY Growth

-60.0%

low activity

Loan Size Distribution

As Of March 31, 2026

Median

$480K

Average

$700K

Sweet Spot

$0-$500K

Top Industries Served

Industries with highest loan volume

1

Poured Concrete Foundation and Structure Contractors

NAICS 238110|

#2 National

2

loans

$2.1M

avg. amount

1

Poured Concrete Foundation and Structure Contractors

NAICS 238110|

#2

2

loans

$2.1M

avg

2

Limited-Service Restaurants

NAICS 722513

1

loans

$648K

avg. amount

2

Limited-Service Restaurants

NAICS 722513

1

loans

$648K

avg

3

Painting and Wall Covering Contractors

NAICS 238320|

#8 National

1

loans

$262K

avg. amount

3

Painting and Wall Covering Contractors

NAICS 238320|

#8

1

loans

$262K

avg

4

Sports and Recreation Instruction

NAICS 611620|

#2 National

1

loans

$350K

avg. amount

4

Sports and Recreation Instruction

NAICS 611620|

#2

1

loans

$350K

avg

5

Used Merchandise Retailers

NAICS 459510|

#2 National

1

loans

$500K

avg. amount

5

Used Merchandise Retailers

NAICS 459510|

#2

1

loans

$500K

avg

6

Other Building Equipment Contractors

NAICS 238290|

#5 National

1

loans

$500K

avg. amount

6

Other Building Equipment Contractors

NAICS 238290|

#5

1

loans

$500K

avg

7

General Automotive Repair

NAICS 811111

1

loans

$468K

avg. amount

7

General Automotive Repair

NAICS 811111

1

loans

$468K

avg

8

All Other Specialty Trade Contractors

NAICS 238990

1

loans

$148K

avg. amount

8

All Other Specialty Trade Contractors

NAICS 238990

1

loans

$148K

avg

9

Residential Remodelers

NAICS 236118|

#16 National

1

loans

$480K

avg. amount

9

Residential Remodelers

NAICS 236118|

#16

1

loans

$480K

avg

10

Collection Agencies

NAICS 561440|

#1 National

1

loans

$60K

avg. amount

10

Collection Agencies

NAICS 561440|

#1

1

loans

$60K

avg

Default Rate

10-Year Default Rate

0.0%

low

Percentile Ranking

Top 1%

0th percentile

Interest Rate Analysis

Variable Rate Distribution

Median: Prime + 0.45%Typical: Prime + 0.45% - 0.45%

Market Comparison

This Lender

Prime + 0.45%

Market Average

Prime + 2.00%

155 bps better market

Rate by Loan Size

Loan Size	Avg Rate
$500K-$1M	Prime + 0.45%

Fixed Rate Loans

Median:8.09%

Range:7.00% – 8.50%

Loan Count:9

Spread over Prime at time of loan origination

Geographic Loan Distribution

As Of March 31, 2026 - States by loan volume (darker blue = higher volume)

Low

Medium

High

Very High

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