Best SBA lenders
Best SBA lenders in South Dakota
The SBA lenders that fund the most businesses in South Dakota, ranked by funded volume with each lender's charge-off track record.
By Mario Bailey · Source: SBA FOIA data, as of 2026-03-31
Dakota Business Finance funds the most SBA volume in South Dakota. Charge-off rates below are each lender's overall rate across all of its loans, as a track-record signal.
| # | Lender | Volume in South Dakota | Charge-off |
|---|---|---|---|
| 1 | Dakota Business Finance | $398.9M | 0.0% |
| 2 | Ally Dakota Development, Inc. | $241.7M | 0.0% |
| 3 | South Dakota Development Corporation | $108.0M | 0.0% |
| 4 | First Bank & Trust | $49.0M | 1.0% |
| 5 | The First National Bank in Sioux Falls | $32.7M | 2.5% |
| 6 | Midwest Business Finance Corporation | $27.6M | 0.0% |
| 7 | First Interstate Bank | $27.0M | 0.0% |
| 8 | Black Hills FCU | $23.8M | 0.9% |
Find the best fit for your business
Volume in South Dakota is a starting point. Narrow it to lenders active in your specific industry and loan size with Lender Match, or see the full South Dakota SBA lending data.
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Method and disclaimer. Ranked by funded SBA volume in
South Dakota from the public FOIA 7(a) and 504 data (as of 2026-03-31); see our
methodology. SBA Loan Index is
not affiliated with the SBA and is not a lender, broker, or financial advisor.