--- title: SBA 7(a) Lenders in South Dakota: 62 Made Loans in 3 Years url: https://lender.report/sba-7a-lenders/south-dakota/ license: https://lender.report/license/ --- SBA 7(a) ยท SD # SBA 7(a) lenders in South Dakota 62 lenders made at least one SBA 7(a) loan in South Dakota in the 36 months ending September 30, 2026. The First National Bank in Sioux Falls made the most, with 57 of the 387 on record. **Evidence** Lender recorded at least one SBA 7(a) loan to a business in South Dakota in the 36 months ending September 30, 2026 **Data as of** SBA, September 30, 2026 **Page last changed** November 11, 2026 **Lenders on record** 62 SBA FOIA, Sep 30, 2026 **Loans, 36 months** 387 SBA FOIA, Sep 30, 2026 Approvals, net of cancelled **Dollars, 36 months** $188M SBA FOIA, Sep 30, 2026 **Approvals, last 12 months** 104 SBA FOIA, Sep 30, 2026 -27.8% from the prior 12 months Cite this Source: The Lender Report, SBA 7(a) lenders in South Dakota, https://lender.report/sba-7a-lenders/south-dakota/, data as of September 30, 2026. ## Describe a deal in South Dakota See which of these lenders made loans like yours, at your size and in your place. No account and no form. [Show SBA 7(a) loans in South Dakota](https://lender.report/comps/?lane=sba_7a&state=SD)[On this list? Find your page](https://lender.report/for-lenders/?from=market) | Lender | Kind | Based in | Loans | Dollars | | --- | --- | --- | --- | --- | | [The First National Bank in Sioux Falls](https://lender.report/lender/first-national-bank-in-sioux-falls-sd/) [SBA 7(a) record](https://lender.report/lender/first-national-bank-in-sioux-falls-sd/sba-7a/) | Bank | Sioux Falls, SD | 57 | $19.6M | | [First Bank & Trust](https://lender.report/lender/first-bank-and-trust-sd/) [SBA 7(a) record](https://lender.report/lender/first-bank-and-trust-sd/sba-7a/) | Bank | Brookings, SD | 54 | $37.3M | | [U.S. Bank National Association](https://lender.report/lender/u-s-bank-oh/) [SBA 7(a) record](https://lender.report/lender/u-s-bank-oh/sba-7a/) | Bank | Cincinnati, OH | 39 | $6.95M | | [Black Hills Credit Union](https://lender.report/lender/black-hills-credit-union-sd/) [SBA 7(a) record](https://lender.report/lender/black-hills-credit-union-sd/sba-7a/) | Credit union | Rapid City, SD | 28 | $5.99M | | [LEVO Credit Union](https://lender.report/lender/levo-credit-union-sd/) [SBA 7(a) record](https://lender.report/lender/levo-credit-union-sd/sba-7a/) | Credit union | Sioux Falls, SD | 21 | $934K | | [First Interstate Bank](https://lender.report/lender/first-interstate-bank-mt/) [SBA 7(a) record](https://lender.report/lender/first-interstate-bank-mt/sba-7a/) | Bank | Billings, MT | 17 | $10.1M | | [Northeast Bank](https://lender.report/lender/northeast-bank-me/) [SBA 7(a) record](https://lender.report/lender/northeast-bank-me/sba-7a/) | Bank | Portland, ME | 13 | $1.65M | | [Wells Fargo Bank, National Association](https://lender.report/lender/wells-fargo-bank-sd/) [SBA 7(a) record](https://lender.report/lender/wells-fargo-bank-sd/sba-7a/) | Bank | Sioux Falls, SD | 11 | $7.03M | | [Pioneer Bank & Trust](https://lender.report/lender/pioneer-bank-and-trust-sd/) [SBA 7(a) record](https://lender.report/lender/pioneer-bank-and-trust-sd/sba-7a/) | Bank | Belle Fourche, SD | 11 | $1.06M | | [Dacotah Bank](https://lender.report/lender/dacotah-bank-sd/) [SBA 7(a) record](https://lender.report/lender/dacotah-bank-sd/sba-7a/) | Bank | Aberdeen, SD | 8 | $8.82M | | [American Bank & Trust](https://lender.report/lender/american-bank-and-trust-sd/) [SBA 7(a) record](https://lender.report/lender/american-bank-and-trust-sd/sba-7a/) | Bank | Sioux Falls, SD | 8 | $5.71M | | [The Huntington National Bank](https://lender.report/lender/huntington-national-bank-oh/) [SBA 7(a) record](https://lender.report/lender/huntington-national-bank-oh/sba-7a/) | Bank | Columbus, OH | 8 | $1.39M | | [Live Oak Banking Company](https://lender.report/lender/live-oak-banking-nc/) [SBA 7(a) record](https://lender.report/lender/live-oak-banking-nc/sba-7a/) | Bank | Wilmington, NC | 7 | $14.5M | | [Readycap Lending, LLC](https://lender.report/lender/readycap-lending-nj/) [SBA 7(a) record](https://lender.report/lender/readycap-lending-nj/sba-7a/) | Non-bank | Berkeley Heights, NJ | 7 | $1.54M | | [Stearns Bank National Association](https://lender.report/lender/stearns-bank-mn/) [SBA 7(a) record](https://lender.report/lender/stearns-bank-mn/sba-7a/) | Bank | Saint Cloud, MN | 6 | $1.22M | | [Highmark Credit Union](https://lender.report/lender/highmark-credit-union-sd/) [SBA 7(a) record](https://lender.report/lender/highmark-credit-union-sd/sba-7a/) | Credit union | Rapid City, SD | 6 | $1.07M | | [BayFirst National Bank](https://lender.report/lender/bayfirst-national-bank-fl/) [SBA 7(a) record](https://lender.report/lender/bayfirst-national-bank-fl/sba-7a/) | Bank | Saint Petersburg, FL | 6 | $1.03M | | [Minnwest Bank](https://lender.report/lender/minnwest-bank-mn/) [SBA 7(a) record](https://lender.report/lender/minnwest-bank-mn/sba-7a/) | Bank | Redwood Falls, MN | 5 | $2.38M | | [Newtek Bank, National Association](https://lender.report/lender/newtek-bank-fl/) [SBA 7(a) record](https://lender.report/lender/newtek-bank-fl/sba-7a/) | Bank | Miami, FL | 5 | $875K | | [GBC International Bank](https://lender.report/lender/gbc-international-bank-ca/) [SBA 7(a) record](https://lender.report/lender/gbc-international-bank-ca/sba-7a/) | Bank | Los Angeles, CA | 4 | $10.0M | | [First Dakota National Bank](https://lender.report/lender/first-dakota-national-bank-sd/) | Bank | Yankton, SD | 4 | $2.30M | | [Celtic Bank](https://lender.report/lender/celtic-bank-ut/) [SBA 7(a) record](https://lender.report/lender/celtic-bank-ut/sba-7a/) | Bank | Salt Lake City, UT | 4 | $1.00M | | [United Midwest Savings Bank, National Association](https://lender.report/lender/united-midwest-savings-bank-oh/) [SBA 7(a) record](https://lender.report/lender/united-midwest-savings-bank-oh/sba-7a/) | Bank | Degraff, OH | 4 | $710K | | [Heritage Bank, Inc.](https://lender.report/lender/heritage-bank-ky/) [SBA 7(a) record](https://lender.report/lender/heritage-bank-ky/sba-7a/) | Bank | Burlington, KY | 3 | $3.10M | | [Shoreham Bank](https://lender.report/lender/shoreham-bank-ri/) [SBA 7(a) record](https://lender.report/lender/shoreham-bank-ri/sba-7a/) | Savings | Warwick, RI | 3 | $2.10M | SBA FOIA, Sep 30, 2026 [See all 62 SBA 7(a) lenders in South Dakota in Loan Comps](https://lender.report/comps/?lane=sba_7a&state=SD) - Lenders recorded 387 SBA 7(a) loans totaling $188.1M in South Dakota in the 36 months ending September 30, 2026. SBA FOIA, Sep 30, 2026 - Banks and savings institutions made 322 of those, credit unions 56, and non-banks 9. SBA FOIA, Sep 30, 2026 - The five most active lenders made 51.4% of South Dakota's SBA 7(a) loans. SBA FOIA, Sep 30, 2026 - First Bank & Trust recorded the most dollars in South Dakota, at $37.3M. SBA FOIA, Sep 30, 2026 - 19 of these lenders are based in South Dakota. SBA FOIA, Sep 30, 2026 - 9 lenders recorded 10 or more SBA 7(a) loans in South Dakota. SBA FOIA, Sep 30, 2026 - The SBA file shows 104 SBA 7(a) approvals in South Dakota dated in the 12 months to September 30, 2026, versus 144 in the prior 12 months. Both counts leave out cancelled approvals. SBA FOIA, Sep 30, 2026 - The typical SBA 7(a) loan in South Dakota was about $150K, with the middle half between $50K and $500K. SBA FOIA, Sep 30, 2026 - Lenders reported a median rate of 9.00% on 387 loans in South Dakota, with the middle half between 8.00% and 10.50%. SBA FOIA, Sep 30, 2026 - The median term in South Dakota was 10 years. SBA FOIA, Sep 30, 2026 ## How this list is defined **Measure** SBA 7(a) loans made in South Dakota **Period** October 2023 to September 2026 **Formula** Count, by lender, of SBA 7(a) approvals located in South Dakota and dated in the 36 months ending September 30, 2026, whose status is not cancelled. A lender is listed if it made at least one. **Order** Largest first by loans in the 36 months, then dollars, then name. Payment is not part of the order. **As of** September 30, 2026 **Source** [SBA FOIA](https://data.sba.gov/dataset/7a-504-foia) **Data** [JSON version of this list](https://lender.report/rankings/sba-7a-lenders-by-state.json) **Changelog** November 12, 2026: First published, with the data built on this date. Is your institution on this list? [Show your rank](https://lender.report/for-lenders/badge/). It carries the date and links back to this page. SBA 7(a) is the main SBA loan program for small businesses. The SBA guarantees part of each loan and the lender decides who gets one. SBA figures are approvals, shown net of cancelled loans where the column says so. SBA has not reviewed or endorsed this site. 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](https://lender.report/report/) 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.