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Lender record

BankStar Financial

The real lending record — every figure from funded deals. HQ: 124 Elk St, Elkton, SD. 3 branches.

4

Recent deals (FY20+)

$540K

Typical deal

—

Approval → funding

Where BankStar Financial lends

Deal profile

Most BankStar Financial deals land between $258K and $564K — that range covers half of everything they fund. Top industries and states:

Industries they fund most

1.Limited-Service Restaurants (1)
2.Full-Service Restaurants (1)
3.Soil Preparation, Planting, and Cultivating (1)
Beauty Salons

4.

(1)

Most active states

1.South Dakota (3 deals)
2.Minnesota (1 deals)

Can BankStar Financial fund you? The bank behind the loans

Total assets

$357.8M

▲ 2.1% vs prior quarter

Deposits on hand

$302.9M

▲ 3.5% vs prior quarter

Loans outstanding

$276.9M

▲ 2.7% vs prior quarter

Net income (latest qtr)

$1.1M

•SBA is a sideline here — this year's production is a rounding error against the loan book. Your deal competes with everything else they'd rather fund; a specialist bank will usually move faster. That makes BankStar Financial more SBA-focused than 51% of the banks on our record.
•Deposits grew last quarter — more raw lending capacity than the quarter before.
•Return on assets of 1.25% — above the ~1% mark generally considered strong for a bank. How any of this translates to your rate is a question for the loan officer — pricing is set deal by deal.

FDIC call-report data, quarter ending 03/2026.

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Get in touch with BankStar Financial

Tell us where to reach you and we'll arrange the introduction — to BankStar Financial or a comparable SBA specialist who fits your deal even better.

I authorize DealRoom to share my contact information with SBA lending partners and loan brokers (including partners who compensate DealRoom), who may contact me about financing. DealRoom is not a lender and makes no credit decision.

Walk into a BankStar Financial branch (3)

Bankstar FinancialMain office124 Elk StElkton, SD 57026 · since 1926

Brookings Branch1301 6th StBrookings, SD 57006 · since 2016

Bankstar Financial - Volga Branch424 East Hwy 14Volga, SD 57071 · since 2024

Branch data: FDIC BankFind.

Recent deals

KJN Investments LLC in Brookings, SD — $564K (2026) · Limited-Service Restaurants
Program
7a General
Rate at approval
8% variable
Term
120 mo (10 yrs)
SBA guaranteed
$423K (75%)
Approved
1/2/2026
Loan status
Committed
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
31
Business age
Startup, Loan Funds will Open Business
Industry
Limited-Service Restaurants
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Hideaway Cafe & Coffee House LLC in Lake Benton, MN — $81K (2023) · Full-Service Restaurants
Program
7a General
Rate at approval
9% fixed
Term
180 mo (15 yrs)
SBA guaranteed
$69K (85%)
Approval → funding
27 days
Approved
3/9/2023
First disbursed
4/5/2023
Loan status
Paid in full (4/30/2025)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
Koistinen Custom Farms, LLC in Lake Norden, SD — $540K (2021) · Soil Preparation, Planting, and Cultivating
Program
7a General
Rate at approval
4.5% fixed
Term
84 mo (7 yrs)
SBA guaranteed
$486K (90%)
Approval → funding
5 days
Approved
5/14/2021
First disbursed
5/19/2021
Loan status
In liquidation
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
Blu Salon & Spa Watertown, LLC in Watertown, SD — $258K (2021) · Beauty Salons
Program
7a General
Rate at approval
4.5% fixed
Term
124 months
SBA guaranteed
$232K (90%)
Approval → funding
48 days
Approved
7/30/2021
First disbursed
9/16/2021
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
13

Hover or tap a deal for terms: program, rate, SBA guarantee, days to fund.

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Businesses BankStar Financial financed

4 businesses on record. Each links to its full SBA record.

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DealRoom analysis of public lending records, FY2020–present. Not affiliated with BankStar Financial.

AI summary

BankStar Financial is an SBA lender tracked by DealRoom.so SBA Intelligence, with lending activity broken down by state, industry, and loan size from public records. DealRoom is not a lender.

Source: DealRoom.so SBA Intelligence, based on public SBA, lender, franchise, FDIC, and related records. DealRoom is not a lender and does not guarantee financing.

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BankStar Financial is one of 1,000+ SBA lenders on record — and they all have different appetites. Tell us your deal size, industry, and location, and we'll point you to the banks that fund deals like yours.

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I authorize DealRoom to share my contact information with SBA lending partners and loan brokers (including partners who compensate DealRoom), who may contact me about financing. DealRoom is not a lender and makes no credit decision.

5

Business age

Startup, Loan Funds will Open Business

Industry

Full-Service Restaurants

Your business? Claim this record · Request removal

3

Business age

Startup, Loan Funds will Open Business

Industry

Soil Preparation, Planting, and Cultivating

Your business? Claim this record · Request removal

Business age

Startup, Loan Funds will Open Business

Industry

Beauty Salons

Your business? Claim this record · Request removal