SBA 7(a) loans in South Dakota
Source: U.S. Small Business Administration, 7(a) & 504 FOIA loan data [source] · File as of September 30, 2026 · Loans approved in federal fiscal years 2024–2026 (Oct 2023 – Sept 2026) · Imported November 4, 2026
387loans approved
$154,000median loan
$51K–$500Kmiddle half of loans
$188.1Mtotal approved
9%median initial rate
10 yrsmedian term
The median South Dakota loan is 12% smaller than the national median of $175,000.
Loan sizes
Top industries
| Industry (NAICS) | Loans | Median |
|---|---|---|
| Limited-Service Restaurants (722513) | 20 | $559,100 |
| Snack and Nonalcoholic Beverage Bars (722515) | 16 | $164,450 |
| General Freight Trucking, Local (484110) | 14 | $93,700 |
| Fitness and Recreational Sports Centers (713940) | 13 | $345,100 |
| Full-Service Restaurants (722511) | 10 | $300,000 |
Most active lenders in South Dakota
| Lender | Loans | Median | Total |
|---|---|---|---|
| The First National Bank In Sioux Falls | 57 | $170,000 | $19.6M |
| First Bank & Trust | 54 | $341,900 | $37.3M |
| U.S. Bank, National Association | 39 | $40,000 | $7.0M |
| Black Hills Fcu | 28 | $55,000 | $6.0M |
| Levo Federal Credit Union | 21 | $40,000 | $934K |
| First Interstate Bank | 17 | $200,000 | $10.1M |
| Northeast Bank | 13 | $84,900 | $1.7M |
| Wells Fargo Bank National Association | 11 | $15,000 | $7.0M |
| Pioneer Bank & Trust | 11 | $50,000 | $1.1M |
SBA 504 loans in South Dakota
504 loans finance real estate and major equipment through a Certified Development Company (CDC). Approved FY2024–FY2026, file as of September 30, 2026 [source].
225504 loans approved
$537,000median CDC portion
$189.2Mtotal CDC portion
What these 504 amounts cover: only the SBA-backed CDC portion of each project (typically up to 40%). A bank first loan and the borrower's down payment make up the rest, so total project costs are larger.
Most active CDCs in South Dakota
| Lender | Loans | Median | Total |
|---|---|---|---|
| Dakota Business Finance | 116 | $547,500 | $104.7M |
| South Dakota Development Corporation | 54 | $712,000 | $47.0M |
| Ally Dakota Development, INC. | 50 | $376,000 | $35.1M |
Starting a business in South Dakota? See how to register your business.
What this data does — and doesn't — tell you
- Approvals, not applications. These are loans SBA approved. The data has no denials, so it cannot tell you your odds of approval.
- Loan size is not startup cost. 7(a) loans also pay for buying existing businesses, real estate, equipment, refinancing and working capital.
- Gross approval amount. Figures are the full approved loan, including the part SBA does not guarantee. Some approved loans are later reduced or never fully disbursed.
- Industry codes are assigned at approval (NAICS) and can be imprecise — a mobile detailer may be coded as a car wash, for example.
- Medians beat averages here: a few very large loans pull averages up. We show the median and the middle half (25th–75th percentile).
- No default rates. Most recent loans are still being repaid, so charge-off rates for these years would be misleading. We don't show them.
- Cancelled loans are excluded, and any group with fewer than 10 loans is hidden. We never publish borrower names.
- Lender counts aren't a quality rating. Big national lenders make many small loans; local lenders may know your market better. Talk to several, or use SBA Lender Match.