SBA lending by state
SBA Lending in South Dakota
In South Dakota, SBA lenders funded 2,191 7(a) and 504 loans totaling $1.2B, an average of $536K per loan. The most active lender is Dakota Business Finance, and the most-funded industry is Accommodation and Food Services.
By Mario Bailey · Source: SBA FOIA data, as of 2026-03-31
Funded loans
2,191
Total volume
$1.2B
Average loan size
$536K
Most active SBA lenders in South Dakota
| Lender | Loans | Total volume |
|---|---|---|
| Dakota Business Finance | 588 | $398.9M |
| Ally Dakota Development, Inc. | 436 | $241.7M |
| South Dakota Development Corporation | 160 | $108.0M |
| First Bank & Trust | 74 | $49.0M |
| The First National Bank in Sioux Falls | 114 | $32.7M |
| Midwest Business Finance Corporation | 40 | $27.6M |
| First Interstate Bank | 56 | $27.0M |
| Black Hills FCU | 105 | $23.8M |
Top industries funded in South Dakota
| Industry | Loans | Total volume |
|---|---|---|
| Accommodation and Food Services | 386 | $284.6M |
| Retail Trade | 288 | $177.0M |
| Manufacturing | 179 | $123.4M |
| Health Care and Social Assistance | 217 | $103.2M |
| Construction | 225 | $89.2M |
| Other Services | 240 | $88.9M |
| Wholesale Trade | 93 | $68.2M |
| Professional and Technical Services | 120 | $48.0M |
SBA lending in South Dakota by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 71 | $23.5M |
| 2011 | 62 | $32.0M |
| 2012 | 80 | $52.3M |
| 2013 | 54 | $23.6M |
| 2014 | 42 | $24.4M |
| 2015 | 59 | $42.7M |
| 2016 | 47 | $21.8M |
| 2017 | 66 | $39.4M |
| 2018 | 71 | $35.1M |
| 2019 | 47 | $31.6M |
| 2020 | 261 | $105.4M |
| 2021 | 327 | $181.4M |
| 2022 | 219 | $116.8M |
| 2023 | 197 | $113.3M |
| 2024 | 224 | $119.6M |
| 2025 | 270 | $161.6M |
| 2026 | 94 | $50.1M |
Sources and disclaimer. Figures are computed from the
U.S. Small Business Administration's public FOIA 7(a) and 504 loan data (as of 2026-03-31); see our
methodology. SBA Loan Index is
not affiliated with the SBA and is not a lender, broker, or financial advisor.