SBA lender profile
The First National Bank in Sioux Falls
The First National Bank in Sioux Falls appears in the public SBA loan data with 188 funded 7(a) loans since FY2010, totaling $58.5M, an average of $311K per loan, and an estimated 2,141 jobs supported. Its SBA lending concentrates in South Dakota and the Accommodation and Food Services sector. Across its 7(a) loans, the charge-off rate is 2.7%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, FY2010–2026 (as of 2026-03-31)
- Track record 74
- Scale 62
- Activity 71
- Consistency 81
A relative profile signal from the public SBA record, not a prediction of approval or a guarantee.
Is The First National Bank in Sioux Falls the right lender for you?
Lenders fund what they know. The First National Bank in Sioux Falls's SBA lending concentrates in South Dakota (177 loans) and Accommodation and Food Services (48 loans), at an average loan of $311K. 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
- $2.1B
- Headquarters
- Sioux Falls, SD
- FDIC cert
- #4016
- Status
- Active
Where The First National Bank in Sioux Falls lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| South Dakota | 177 | $54.3M |
| Minnesota | 7 | $1.9M |
| Iowa | 2 | $939K |
| Wisconsin | 1 | $767K |
| Nebraska | 1 | $500K |
Metro areas where The First National Bank in Sioux Falls funds
What The First National Bank in Sioux Falls funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Accommodation and Food Services | 48 | $18.8M |
| Construction | 19 | $8.1M |
| Other Services | 21 | $6.1M |
| Retail Trade | 22 | $4.8M |
| Arts, Entertainment, Recreation | 9 | $4.1M |
| Wholesale Trade | 6 | $3.6M |
The First National Bank in Sioux Falls SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 3 | $1.8M |
| 2011 | 8 | $2.9M |
| 2012 | 3 | $5.1M |
| 2013 | 3 | $555K |
| 2014 | 3 | $672K |
| 2015 | 5 | $836K |
| 2016 | 7 | $2.5M |
| 2017 | 15 | $3.1M |
| 2018 | 9 | $2.2M |
| 2019 | 11 | $3.8M |
| 2020 | 27 | $5.2M |
| 2021 | 21 | $3.5M |
| 2022 | 9 | $1.6M |
| 2023 | 6 | $1.1M |
| 2024 | 28 | $9.7M |
| 2025 | 23 | $11.5M |
| 2026 | 7 | $2.4M |
Related SBA lenders
Other lenders active in South Dakota or in Accommodation and Food Services.
Comparing lenders? See how to choose an SBA lender by track record.
The First National Bank in Sioux Falls: frequently asked questions
Does The First National Bank in Sioux Falls offer SBA loans?
Yes. The First National Bank in Sioux Falls appears in the public SBA data with 188 funded SBA 7(a) loans totaling $58.5M.
How many SBA loans has The First National Bank in Sioux Falls made?
The First National Bank in Sioux Falls is associated with 188 SBA 7(a) loans totaling $58.5M in the public SBA data (as of 2026-03-31).
What is The First National Bank in Sioux Falls's SBA charge-off rate?
About 2.7% of The First National Bank in Sioux Falls'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 The First National Bank in Sioux Falls do most of its SBA lending?
The First National Bank in Sioux Falls's SBA lending in the data is most concentrated in South Dakota, and by industry in Accommodation and Food Services.
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). The First National Bank in Sioux Falls SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/the-first-national-bank-in-sioux-falls/
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.