Geography · SBA lending record
SBA lenders in South Dakota
556 SBA 7(a) loans in the last five years, from 71 different lenders. Here is who actually lends here.
Who lends here most
last 5 fiscal years| Lender | Loans in SD | Typical loan | Median rate |
|---|---|---|---|
| Black Hills FCU | 65 | $78k | P+1.79 |
| The First National Bank in Sioux Falls | 63 | $155k | P+-0.35 |
| First Bank & Trust · too few loans nationally for a page | 63 | $354k | P+1.86 |
| U.S. Bank, National Association | 41 | $30k | P+2.80 |
| First Interstate Bank | 35 | $276k | P+0.85 |
| Wells Fargo Bank National Association | 23 | $15k | P+5.15 |
| Levo Federal Credit Union · too few loans nationally for a page | 23 | $40k | — |
| Highmark FCU · too few loans nationally for a page | 19 | $100k | P+0.71 |
| Pioneer Bank & Trust · too few loans nationally for a page | 18 | $91k | P+1.36 |
| First National Bank | 16 | $158k | P+0.75 |
Volume is not quality — but a lender who does hundreds of deals in your state knows your market, and probably your industry too.
What gets funded here
by industryHow big the loans are
If your need sits in a band that barely exists here, widen your search to national lenders rather than assuming nobody will do it.
SBA 504 lending in South Dakota
504 FOIA recordA 504 loan pairs a bank first mortgage with a fixed-rate second through a Certified Development Company — used mostly for owner-occupied property and heavy equipment. Here is who runs 504 deals in South Dakota, and how they have performed.
CDCs most active in South Dakota
- Dakota Business Finance — 598 loans
- Ally Dakota Development, Inc. — 445 loans
- South Dakota Development Corporation — 163 loans
- Midwest Business Finance Corporation — 40 loans
- Dakota Business Lending — 3 loans
- Siouxland Economic Development Corporation — 3 loans
Most-financed here: Full-Service Restaurants, Hotels (except Casino Hotels) and Mote…, General Automotive Repair, Offices of Physicians.
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SBA lending in other states
States with comparable volume, plus the three largest markets.