SBA lending by metro area
SBA lenders in Aberdeen, SD
Which lenders fund Aberdeen-area businesses, how much, and how the market compares with South Dakota: SBA 7(a) and 504 loans, FY2010–2026.
By Mario Bailey · SBA FOIA data as of 2026-03-31
Top SBA lenders in the Aberdeen area
Ranked by SBA volume funded to businesses located in the Aberdeen micropolitan area, wherever the lender is headquartered. National SBA lenders that fund here are included.
| # | Lender | Loans | Total funded | Average loan | 7(a) charge-off |
|---|---|---|---|---|---|
| 1 | First Interstate Bank | 39 | $15.6M | $401K | 0.00% |
| 2 | Ally Dakota Development, Inc. | 16 | $7.2M | $449K | not reported |
| 3 | Dakota Business Finance | 13 | $4.3M | $328K | not reported |
| 4 | South Dakota Development Corporation | 8 | $3.7M | $460K | not reported |
| 5 | Dacotah Bank | 8 | $2.7M | $341K | not reported |
| 6 | U.S. Bank, National Association | 11 | $1.3M | $122K | not reported |
| 7 | Wells Fargo Bank National Association | 8 | $954K | $119K | not reported |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
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How Aberdeen compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Aberdeen area | $183K ▼ 14.3% | 31.7% ▼ 2.8 pts |
| South Dakota | $214K | 34.5% |
| United States | $179K | 11.2% |
What gets funded in Aberdeen
| Industry | Loans | Total funded |
|---|---|---|
| Retail Trade | 24 | $12.4M |
| Accommodation and Food Services | 16 | $8.9M |
| Health Care and Social Assistance | 5 | $4.6M |
| Construction | 26 | $4.2M |
| Real Estate | 5 | $2.6M |
| Manufacturing | 10 | $2.3M |
| Arts, Entertainment, Recreation | 6 | $1.7M |
| Professional and Technical Services | 7 | $1.4M |
SBA lending in Aberdeen by year
Geography, precisely
"Aberdeen area" here means the Aberdeen, SD micropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Brown County, SD; Edmunds County, SD. Loans are placed by the SBA's recorded project county, which can differ from a borrower's mailing address. Counts are SBA 7(a) and 504 funded loans, FY2010–2026, as of 2026-03-31. See the methodology.