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.
Loans, last 5 years
556
Lent
$234.7M
last 5 fiscal years
Active lenders
71
wrote at least one loan
Typical loan
$150k
median approved
Default rate
2.0%
nationally 2.1%
Who lends here most
last 5 fiscal years| Lender | Loans in SD | Typical loan | Typical 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.
Next
Compare all lenders → Check your eligibility → Find your industry →
Source SBA 7(a) FOIA
Released 2026-06-30
Basis where the project is, not where the bank is
SBA lending in other states
Montana · 772West Virginia · 684Hawaii · 651Vermont · 630District of Columbia · 498North Dakota · 444Alaska · 380Wyoming · 368
States with comparable volume, plus the three largest markets.