SBA 504 · SD
SBA 504 lenders in South Dakota
43 lenders provided the first lien on at least one SBA 504 project in South Dakota in the 36 months ending September 30, 2026. American Bank & Trust made the most, with 28 of the 225 on record.
- Evidence
- Lender provided the first lien on at least one SBA 504 project in South Dakota in the 36 months ending September 30, 2026
- Data as of
- SBA, September 30, 2026
- Page last changed
- November 12, 2026
- Lenders on record
- 43
- SBA FOIA,
- First liens, 36 months
- 225
- SBA FOIA,
- Approvals, net of cancelled
- Dollars, 36 months
- $243M
- SBA FOIA,
- Approvals, last 12 months (funded or not)
- 73
- SBA FOIA,
- -17.0% from the prior 12 months
Cite this
Source: The Lender Report, SBA 504 lenders in South Dakota, https://lender.report/sba-504-lenders/south-dakota/, data as of September 30, 2026.
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| Lender | Kind | Based in | First liens | Dollars |
|---|---|---|---|---|
| American Bank & Trust SBA 504 record | Bank | Sioux Falls, SD | 28 | $27.0M |
| First Dakota National Bank SBA 504 record | Bank | Yankton, SD | 27 | $35.2M |
| Plains Commerce Bank SBA 504 record | Bank | Sioux Falls, SD | 18 | $17.9M |
| The First National Bank in Sioux Falls SBA 504 record | Bank | Sioux Falls, SD | 15 | $9.78M |
| First Interstate Bank SBA 504 record | Bank | Billings, MT | 14 | $13.4M |
| First Bank & Trust SBA 504 record | Bank | Brookings, SD | 12 | $12.6M |
| Dacotah Bank SBA 504 record | Bank | Aberdeen, SD | 11 | $8.44M |
| CorTrust Bank National Association SBA 504 record | Bank | Mitchell, SD | 9 | $4.91M |
| Black Hills Credit Union SBA 504 record | Credit union | Rapid City, SD | 8 | $14.4M |
| First National Bank | Bank | Fort Pierre, SD | 8 | $10.2M |
| First PREMIER Bank SBA 504 record | Bank | Sioux Falls, SD | 8 | $9.13M |
| Reliabank Dakota SBA 504 record | Bank | Estelline, SD | 7 | $9.55M |
| Pioneer Bank & Trust | Bank | Belle Fourche, SD | 5 | $3.74M |
| First International Bank & Trust SBA 504 record | Bank | Watford City, ND | 4 | $9.30M |
| Black Hills Community Bank, N.A. | Bank | Rapid City, SD | 4 | $6.40M |
| Minnwest Bank SBA 504 record | Bank | Redwood Falls, MN | 4 | $2.30M |
| Sentinel Credit Union | Credit union | Box Elder, SD | 4 | $1.40M |
| Frontier Bank | Savings | Sioux Falls, SD | 3 | $6.50M |
| BankWest, Inc. | Bank | Pierre, SD | 3 | $6.20M |
| Legends West Bank | Bank | Lewellen, NE | 3 | $1.70M |
| Cornerstone Bank | Bank | Fargo, ND | 2 | $4.70M |
| First Savings Bank SBA 504 record | Savings | Beresford, SD | 2 | $3.10M |
| Community State Bank | Bank | Spencer, IA | 2 | $1.90M |
| HomeTown Bank SBA 504 record | Bank | Carver, MN | 2 | $1.30M |
| Central Bank SBA 504 record | Bank | Storm Lake, IA | 2 | $1.10M |
See all 43 SBA 504 lenders in South Dakota in Loan Comps
Dollars are first-lien amounts on SBA 504 approvals.
- Lenders recorded 225 SBA 504 first liens totaling $243.4M in South Dakota in the 36 months ending September 30, 2026. SBA FOIA,
- Banks and savings institutions made 211 of those, credit unions 13, and non-banks 0. SBA FOIA,
- The five most active lenders made 45.3% of South Dakota's SBA 504 first liens. SBA FOIA,
- First Dakota National Bank recorded the most dollars in South Dakota, at $35.2M. SBA FOIA,
- 25 of these lenders are based in South Dakota. SBA FOIA,
- 7 lenders recorded 10 or more SBA 504 first liens in South Dakota. SBA FOIA,
- 1 of these first liens was made by lenders that have since merged or closed, or that the file lists under a name with no lender record here. They are counted in the totals here and appear in no lender's row. SBA FOIA,
- The SBA file shows 73 SBA 504 approvals in South Dakota dated in the 12 months to September 30, 2026, versus 88 in the prior 12 months. Both counts leave out cancelled approvals and include approvals not yet funded, so the two periods are measured the same way. SBA FOIA,
- The typical SBA 504 first lien in South Dakota was about $650K, with the middle half between $400K and $1.1M. SBA FOIA,
- The median term in South Dakota was 25 years. SBA FOIA,
How this list is defined
- Measure
- SBA 504 first liens in South Dakota
- Period
- October 2023 to September 2026
- Formula
- Count, by lender, of SBA 504 projects located in South Dakota with an approval date in the 36 months ending September 30, 2026, not cancelled, that name the lender as first-lien lender.
- Order
- Largest first by first liens in the 36 months, then dollars, then name. Payment is not part of the order.
- As of
- September 30, 2026
- Source
- SBA FOIA
- Changelog
- : First published, with the data built on this date.
Is your institution on this list? Show your rank. It carries the date and links back to this page.
An SBA 504 project pairs a first-lien lender with a Certified Development Company that funds a second lien, for owner-occupied real estate and equipment.
SBA 504 figures count the first-lien lender on each SBA approval. A project marked not funded is often recent and awaiting funding.
Each lender is counted only where the public file places the loan. Lenders that merged or stopped filing are left out.
SBA does not require you to use an agent or broker for a loan application. SBA has not reviewed or endorsed this site.
Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. Report a problem
Figures come from public records and show the source and date beside them. Public records can be late, incomplete or wrong. A past loan does not mean a lender will make the same kind of loan today. Confirm anything important with the lender.