SBA lending by metro area
SBA lenders in Rapid City, SD
Which lenders fund Rapid City-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 Rapid City area
Ranked by SBA volume funded to businesses located in the Rapid City metropolitan 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 | Ally Dakota Development, Inc. | 160 | $101.0M | $631K | not reported |
| 2 | Black Hills FCU | 196 | $31.1M | $159K | 3.57% |
| 3 | Wells Fargo Bank National Association | 66 | $27.4M | $415K | 1.52% |
| 4 | First Interstate Bank | 62 | $21.8M | $351K | 3.23% |
| 5 | Dakota Business Finance | 23 | $19.9M | $867K | not reported |
| 6 | U.S. Bank, National Association | 34 | $12.7M | $373K | 2.94% |
| 7 | First National Bank | 38 | $11.2M | $294K | 0.00% |
| 8 | South Dakota Development Corporation | 11 | $10.7M | $976K | not reported |
| 9 | Highmark FCU | 49 | $7.3M | $149K | 2.04% |
| 10 | Pioneer Bank & Trust | 27 | $4.0M | $148K | 3.70% |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
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How Rapid City compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Rapid City area | $180K ▼ 15.9% | 25.1% ▼ 9.4 pts |
| South Dakota | $214K | 34.5% |
| United States | $179K | 11.2% |
What gets funded in Rapid City
| Industry | Loans | Total funded |
|---|---|---|
| Accommodation and Food Services | 152 | $93.3M |
| Retail Trade | 107 | $55.6M |
| Health Care and Social Assistance | 77 | $28.6M |
| Other Services | 105 | $28.4M |
| Manufacturing | 56 | $26.9M |
| Construction | 84 | $19.8M |
| Arts, Entertainment, Recreation | 22 | $9.8M |
| Professional and Technical Services | 37 | $9.5M |
SBA lending in Rapid City by year
Geography, precisely
"Rapid City area" here means the Rapid City, SD metropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Custer County, SD; Meade County, SD; Pennington 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.