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Dacotah Bank

ABERDEEN, SD 57401

38
Loans Approved
$20.4M
Total Volume
$536K
Avg Loan Size
3
States Served

States Served

MinnesotaNorth DakotaSouth Dakota

Top Industries Financed

  • Full-Service Restaurants
  • General Freight Trucking, Local
  • Fitness and Recreational Sports Centers
  • All Other Specialty Trade Contractors
  • All Other Miscellaneous Fabricated Metal Product Manufacturing

Quick Summary

Dacotah Bank is an SBA-approved lender headquartered in ABERDEEN, South Dakota. Since 2020, they have approved 38 SBA 7(a) loans totaling $20.4M, with an average loan size of $536K. They serve businesses across 3 states.

About Dacotah Bank

Dacotah Bank is an SBA-approved lender headquartered in ABERDEEN, South Dakota. Since 2020, they have approved 38 SBA 7(a) loans totaling $20.4M, with an average loan size of $536K. They serve businesses across 3 states.

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Helpful SBA Borrower Guides

SBA 7(a) RequirementsDocuments ChecklistHow to Choose a Lender

Frequently Asked Questions

Is Dacotah Bank an SBA Preferred Lender?

Dacotah Bank is an SBA-approved lender but does not currently hold Preferred Lender (PLP) status. Loan approvals require standard SBA review, which typically adds 2–4 weeks to the process.

How many SBA loans has Dacotah Bank approved?

According to SBA FOIA public records, Dacotah Bank has approved 38 SBA 7(a) loans totaling $20.4M since 2020. Their average loan size is $536K.

What states does Dacotah Bank serve?

Dacotah Bank serves businesses in 3 states: Minnesota, North Dakota, South Dakota.

How do I apply for an SBA loan with Dacotah Bank?

To apply for an SBA 7(a) loan with Dacotah Bank, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.

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