SBA lending by district
SBA lending in SD at-large
SBA 7(a) and 504 financing in South Dakota (at-large): how much was funded, by which lenders, and the 7(a) charge-off record.
By Mario Bailey · Source: SBA FOIA data, as of 2026-03-31
- SBA loans
- 3,447
- Total funded
- $1.5B
- Average loan
- $445K
- 7(a) charge-off
- 2.7%
Borrowers in South Dakota (at-large) took 3,447 SBA loans worth $1.5B since FY2010, averaging $445K. Of the 2,257 7(a) loans, 2.7% have charged off. See the rest of South Dakota.
SBA funded volume by fiscal year
Top SBA lenders in SD at-large
- 1. Dakota Business Finance $382.9M
- 2. Ally Dakota Development, Inc. $240.2M
- 3. South Dakota Development Corporation $99.9M
- 4. Wells Fargo Bank National Association $90.1M
- 5. First Interstate Bank $71.4M
- 6. First Bank & Trust $53.2M
- 7. The First National Bank in Sioux Falls $51.2M
- 8. Black Hills FCU $41.4M
- 9. Live Oak Banking Company $27.9M
- 10. GBC International Bank $25.9M
Method. SBA 7(a) and 504 loans the SBA recorded in SD at-large,
FY2010–2026 (as of 2026-03-31). District boundaries
changed in the 2022 redistricting, so multi-year totals span boundary changes; the district is
as-recorded by the SBA. Charge-off is 7(a)-only. See the
methodology.