SBA 7(a) lenders in Brookings, SD
Approvals in SBA fiscal years 2008–2026. Source data as of 2026-06-30.
Lenders
22 institutions have SBA 7(a) loans on record in Brookings, together $23.7M across 69 loans. First Bank & Trust is the largest, with 46% of approvals.
| Rank | Lender | Loans | Approved | Share | Loss rate |
|---|---|---|---|---|---|
| 1 | First Bank & Trust | 19 | $10.8M | 45.5% | 0.00% |
| 2 | Dacotah Bank | 2 | $3.3M | 14.1% | 0.00% |
| 3 | BankStar Financial | 10 | $2.8M | 11.9% | 0.77% |
| 4 | Northwest Bank | 2 | $1.0M | 4.4% | 0.00% |
| 5 | First Interstate Bank | 2 | $878K | 3.7% | 0.00% |
| 6 | The First National Bank in Sioux Falls | 1 | $730K | 3.1% | 0.00% |
| 7 | Pathward National Association | 3 | $688K | 2.9% | 0.00% |
| 8 | Wells Fargo Bank National Association | 9 | $672K | 2.8% | 0.00% |
| 9 | Dakota Western Bank | 1 | $500K | 2.1% | 0.00% |
| 10 | First PREMIER Bank | 4 | $417K | 1.8% | 55.09% |
| 11 | Central Bank | 1 | $374K | 1.6% | 0.00% |
| 12 | BayFirst National Bank | 1 | $350K | 1.5% | 0.00% |
| 13 | Stearns Bank National Association | 2 | $256K | 1.1% | 0.00% |
| 14 | One American Bank | 1 | $186K | 0.8% | 0.00% |
| 15 | Midwest Heritage Bank, F.S.B. | 1 | $150K | 0.6% | 0.00% |
| 16 | Celtic Bank Corporation | 1 | $150K | 0.6% | 0.00% |
| 17 | United Midwest Savings Bank National Association | 1 | $150K | 0.6% | 0.00% |
| 18 | Home Federal Bank | 1 | $91K | 0.4% | 0.00% |
| 19 | Plains Commerce Bank | 3 | $86K | 0.4% | 0.00% |
| 20 | U.S. Bank, National Association | 2 | $34K | 0.1% | 0.00% |
| 21 | Northeast Bank | 1 | $10K | 0.0% | 0.00% |
| 22 | VelocitySBA, LLC | 1 | $5K | 0.0% | 73.87% |
Loss rates cover every approval year on record together. SBA 7(a) losses peak two to four years after approval, so a lender whose lending is mostly recent will show a low rate because its loans have not aged yet, not because they are performing better.
What the money went into
| Rank | Industry | Loans | Approved | Share of county |
|---|---|---|---|---|
| 1 | Accommodation & food services | 17 | $6.3M | 26.6% |
| 2 | Professional & technical services | 7 | $4.1M | 17.3% |
| 3 | Information | 1 | $2.0M | 8.6% |
| 4 | Construction | 8 | $2.0M | 8.3% |
| 5 | Other services | 8 | $1.8M | 7.8% |
| 6 | Arts, entertainment & recreation | 3 | $1.8M | 7.6% |
| 7 | Retail trade | 7 | $1.5M | 6.2% |
| 8 | Manufacturing | 2 | $1.2M | 4.9% |
| 9 | Manufacturing | 2 | $809K | 3.4% |
| 10 | Utilities | 3 | $688K | 2.9% |
| 11 | Transportation & warehousing | 1 | $640K | 2.7% |
| 12 | Wholesale trade | 2 | $505K | 2.1% |
| 13 | Health care & social assistance | 1 | $150K | 0.6% |
| 14 | Retail trade | 1 | $94K | 0.4% |
| 15 | Transportation & warehousing | 4 | $89K | 0.4% |
| 16 | Agriculture, forestry & fishing | 1 | $25K | 0.1% |
| 17 | Educational services | 1 | $10K | 0.0% |
Industry is the borrower’s NAICS sector as recorded by SBA at approval, grouped to the two-digit sector.
About this data
Built from the U.S. Small Business Administration’s 7(a) FOIA data release, a public record covering approvals from fiscal year 2008 onward and refreshed each quarter. SBA fiscal years end 30 September, so the most recent year is partial. Figures are approvals, not outstanding balances, and SBA attributes each loan to the institution that holds it today rather than the one that originated it — an acquisitive lender therefore shows books it did not write.