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
Deals BankStar Financial funded — list all 4 as text
- KJN Investments LLC — Brookings · $564K · FY2026 · Limited-Service Restaurants
- Hideaway Cafe & Coffee House LLC — Lake Benton · $81K · FY2023 · Full-Service Restaurants
- Koistinen Custom Farms, LLC — Lake Norden · $540K · FY2021 · Soil Preparation, Planting, and Cultivating
- Blu Salon & Spa Watertown, LLC — Watertown · $258K · FY2021 · Beauty Salons
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)
- 4.Beauty Salons (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.
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
Your business? Claim this record · Request removal
- 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
- 5
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Full-Service Restaurants
Your business? Claim this record · Request removal
- 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
- 3
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Soil Preparation, Planting, and Cultivating
Your business? Claim this record · Request removal
- 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
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Beauty Salons
Your business? Claim this record · Request removal
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.
Work at BankStar Financial?
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CapBench analysis of public lending records, FY2020–present. Not affiliated with BankStar Financial.
Agent summary
This page summarizes BankStar Financial's public SBA 7(a) lending record — deal sizes, industries, geography, and FDIC profile — from CapBench SBA Intelligence. CapBench is not a lender and does not originate or approve loans.
- 4 SBA 7(a) loans on record
- $540K typical deal
- HQ: 124 Elk St, Elkton, SD
- 3 FDIC branch locations
- FDIC total assets $357.8M
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-17.
- Sources:
- Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
- Methodology:
- Sources & methodology
- Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
- Figures come from public records and CapBench methodology; verify before relying on them.
- Lender matches are informational and based on public lending activity — they do not guarantee lender interest or approval.
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