SBA lending by metro area
SBA lenders in Mitchell, SD
Which lenders fund Mitchell-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 Mitchell area
Ranked by SBA volume funded to businesses located in the Mitchell 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 | Dakota Business Finance | 13 | $7.7M | $593K | not reported |
| 2 | BankWest, Inc | 8 | $6.8M | $856K | not reported |
| 3 | Wells Fargo Bank National Association | 12 | $4.0M | $335K | not reported |
| 4 | First Dakota National Bank | 8 | $2.5M | $307K | not reported |
| 5 | First National Bank of Omaha | 15 | $2.1M | $140K | not reported |
| 6 | Ally Dakota Development, Inc. | 5 | $1.9M | $388K | not reported |
| 7 | U.S. Bank, National Association | 5 | $121K | $24K | 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 Mitchell compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Mitchell area | $203K ▼ 5.1% | 24.1% ▼ 10.4 pts |
| South Dakota | $214K | 34.5% |
| United States | $179K | 11.2% |
What gets funded in Mitchell
| Industry | Loans | Total funded |
|---|---|---|
| Retail Trade | 19 | $10.6M |
| Accommodation and Food Services | 20 | $7.1M |
| Construction | 15 | $6.6M |
| Manufacturing | 8 | $4.8M |
| Health Care and Social Assistance | 8 | $3.5M |
| Other Services | 6 | $990K |
SBA lending in Mitchell by year
Geography, precisely
"Mitchell area" here means the Mitchell, SD micropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Davison County, SD; Hanson County, SD; Sanborn 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.