SBA lending by metro area
SBA lenders in Spearfish, SD
Which lenders fund Spearfish-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 Spearfish area
Ranked by SBA volume funded to businesses located in the Spearfish 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 | Ally Dakota Development, Inc. | 38 | $17.2M | $452K | not reported |
| 2 | Wells Fargo Bank National Association | 24 | $8.8M | $367K | 0.00% |
| 3 | First National Bank | 28 | $6.8M | $245K | 0.00% |
| 4 | First Interstate Bank | 20 | $5.7M | $285K | 0.00% |
| 5 | Pioneer Bank & Trust | 15 | $4.1M | $276K | not reported |
| 6 | Northeast Bank | 7 | $1.2M | $176K | not reported |
| 7 | Highmark FCU | 7 | $1.0M | $146K | not reported |
| 8 | Black Hills FCU | 14 | $832K | $59K | 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 Spearfish compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Spearfish area | $178K ▼ 16.8% | 25.3% ▼ 9.2 pts |
| South Dakota | $214K | 34.5% |
| United States | $179K | 11.2% |
What gets funded in Spearfish
| Industry | Loans | Total funded |
|---|---|---|
| Accommodation and Food Services | 39 | $27.4M |
| Retail Trade | 21 | $13.2M |
| Health Care and Social Assistance | 26 | $7.1M |
| Construction | 30 | $6.2M |
| Other Services | 11 | $5.6M |
| Real Estate | 7 | $1.9M |
| Manufacturing | 12 | $1.3M |
| Professional and Technical Services | 8 | $1.1M |
SBA lending in Spearfish by year
Geography, precisely
"Spearfish area" here means the Spearfish, SD micropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Lawrence 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.