SBA lender profile
First PREMIER Bank
First PREMIER Bank appears in the public SBA loan data with 60 funded 7(a) loans since FY2010, totaling $13.1M, an average of $219K per loan, and an estimated 533 jobs supported. Its SBA lending concentrates in South Dakota and the Retail Trade sector. Across its 7(a) loans, the charge-off rate is 6.7%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, FY2010–2026 (as of 2026-03-31)
- Track record 58
- Scale 28
- Activity 17
- Consistency 76
A relative profile signal from the public SBA record, not a prediction of approval or a guarantee.
Is First PREMIER Bank the right lender for you?
Lenders fund what they know. First PREMIER Bank's SBA lending concentrates in South Dakota (56 loans) and Retail Trade (13 loans), at an average loan of $219K. If your business does not look like that, a different SBA lender is likely the better fit.
See which SBA lenders fund businesses like yours →Ranked on the funded-loan record, not on who pays. Free, and your details go only to the lenders we match you to.
Bank profile
via FDIC- Total assets
- $3.6B
- Headquarters
- Sioux Falls, SD
- FDIC cert
- #6085
- Status
- Active
Where First PREMIER Bank lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| South Dakota | 56 | $10.4M |
| Iowa | 2 | $1.5M |
| Nebraska | 2 | $1.3M |
Metro areas where First PREMIER Bank funds
What First PREMIER Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Retail Trade | 13 | $4.5M |
| Accommodation and Food Services | 12 | $2.0M |
| Information | 1 | $1.4M |
| Construction | 2 | $1.2M |
| Finance and Insurance | 4 | $1.2M |
| Professional and Technical Services | 4 | $546K |
First PREMIER Bank SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 5 | $1.9M |
| 2011 | 6 | $997K |
| 2012 | 5 | $1.6M |
| 2013 | 4 | $2.0M |
| 2014 | 5 | $2.0M |
| 2015 | 6 | $649K |
| 2016 | 5 | $941K |
| 2017 | 2 | $288K |
| 2018 | 4 | $623K |
| 2019 | 2 | $60K |
| 2020 | 8 | $1.2M |
| 2021 | 2 | $160K |
| 2022 | 3 | $480K |
| 2023 | 2 | $293K |
| 2025 | 1 | $27K |
Related SBA lenders
Other lenders active in South Dakota or in Retail Trade.
Comparing lenders? See how to choose an SBA lender by track record.
First PREMIER Bank: frequently asked questions
Does First PREMIER Bank offer SBA loans?
Yes. First PREMIER Bank appears in the public SBA data with 60 funded SBA 7(a) loans totaling $13.1M.
How many SBA loans has First PREMIER Bank made?
First PREMIER Bank is associated with 60 SBA 7(a) loans totaling $13.1M in the public SBA data (as of 2026-03-31).
What is First PREMIER Bank's SBA charge-off rate?
About 6.7% of First PREMIER Bank's 7(a) loans in the data have been charged off. A lower rate is generally a better sign, but it is not a lifetime default rate; see our methodology for how it is calculated.
Where does First PREMIER Bank do most of its SBA lending?
First PREMIER Bank's SBA lending in the data is most concentrated in South Dakota, and by industry in Retail Trade.
This page is the public view of your institution's SBA record: rank, trajectory, and market position, computed from the complete public 7(a)/504 dataset. The full competitive picture (your share against named competitors by state and industry, and the growing markets you're absent from) is available to your team.
Request your institution's benchmarking →Mario Bailey. (2026). First PREMIER Bank SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/first-premier-bank/
Free to cite and quote with attribution and a link. Members of the press can reach us via our press page.
Looking for a lender like this?
Compare a few SBA lenders by track record, then get matched with SBA-approved lenders that fund businesses like yours.
Get SBA lending trends in your inbox
Occasional, data-driven briefings on SBA lending by industry and state. No spam, unsubscribe anytime.
We use your email only to send lending-trend updates. See our privacy policy.