SBA by industry · SD
SBA lenders for construction trades in South Dakota
26 lenders made 73 SBA loans to construction trades in South Dakota in the 36 months ending September 30, 2026. U.S. Bank National Association made the most, with 15. The typical loan was about $250K.
- Evidence
- SBA 7(a) and 504 loans to construction trades in South Dakota, NAICS 23
- Data as of
- SBA, September 30, 2026
- Page last changed
- November 12, 2026
- Lenders on record
- 26
- SBA FOIA,
- SBA loans, 36 months
- 73
- SBA FOIA,
- 7(a) net of cancelled; 504 funded first liens
- Dollars, 36 months
- $36.2M
- SBA FOIA,
- Last 12 months
- 17
- SBA FOIA,
Cite this
Source: The Lender Report, SBA lenders for construction trades in South Dakota, https://lender.report/sba-lenders-for/construction-trades/south-dakota/, data as of September 30, 2026.
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| Lender | Kind | Based in | Loans | Dollars | 7(a) | 504 | Last 12 months |
|---|---|---|---|---|---|---|---|
| U.S. Bank National Association SBA 7(a) record | Bank | Cincinnati, OH | 15 | $2.67M | 15 | 0 | 2 |
| The First National Bank in Sioux Falls SBA 7(a) record | Bank | Sioux Falls, SD | 8 | $5.99M | 8 | 0 | 1 |
| First Bank & Trust SBA 7(a) record | Bank | Brookings, SD | 7 | $6.51M | 4 | 3 | 1 |
| LEVO Credit Union SBA 7(a) record | Credit union | Sioux Falls, SD | 7 | $273K | 7 | 0 | 0 |
| First Interstate Bank SBA 7(a) record | Bank | Billings, MT | 5 | $2.15M | 2 | 3 | 1 |
| Dacotah Bank SBA 7(a) record | Bank | Aberdeen, SD | 3 | $5.66M | 2 | 1 | 0 |
| American Bank & Trust SBA 504 record | Bank | Sioux Falls, SD | 3 | $2.71M | 0 | 3 | 2 |
| Plains Commerce Bank SBA 504 record | Bank | Sioux Falls, SD | 3 | $2.16M | 0 | 3 | 0 |
| First Dakota National Bank SBA 504 record | Bank | Yankton, SD | 2 | $2.11M | 0 | 2 | 1 |
| Highmark Credit Union SBA 7(a) record | Credit union | Rapid City, SD | 2 | $480K | 2 | 0 | 0 |
| Newtek Bank, National Association SBA 7(a) record | Bank | Miami, FL | 2 | $200K | 2 | 0 | 2 |
| Northeast Bank SBA 7(a) record | Bank | Portland, ME | 2 | $200K | 2 | 0 | 0 |
| Sunrise Banks, National Association SBA 7(a) record | Bank | Sioux Falls, SD | 1 | $1.00M | 1 | 0 | 0 |
| American Momentum Bank SBA 7(a) record | Bank | College Station, TX | 1 | $760K | 1 | 0 | 0 |
| First PREMIER Bank SBA 504 record | Bank | Sioux Falls, SD | 1 | $550K | 0 | 1 | 0 |
| HomeTown Bank SBA 504 record | Bank | Carver, MN | 1 | $480K | 0 | 1 | 0 |
| Sentinel Credit Union | Credit union | Box Elder, SD | 1 | $460K | 0 | 1 | 1 |
| CorTrust Bank National Association SBA 504 record | Bank | Mitchell, SD | 1 | $400K | 0 | 1 | 0 |
| Minnwest Bank SBA 504 record | Bank | Redwood Falls, MN | 1 | $360K | 0 | 1 | 0 |
| BayFirst National Bank SBA 7(a) record | Bank | Saint Petersburg, FL | 1 | $350K | 1 | 0 | 0 |
| Live Oak Banking Company SBA 7(a) record | Bank | Wilmington, NC | 1 | $250K | 1 | 0 | 1 |
| SmartBiz Bank, National Association SBA 7(a) record | Bank | Northbrook, IL | 1 | $150K | 1 | 0 | 1 |
| United Midwest Savings Bank, National Association SBA 7(a) record | Bank | Degraff, OH | 1 | $150K | 1 | 0 | 0 |
| Celtic Bank SBA 7(a) record | Bank | Salt Lake City, UT | 1 | $80.0K | 1 | 0 | 0 |
| Black Hills Credit Union SBA 7(a) record | Credit union | Rapid City, SD | 1 | $50.0K | 1 | 0 | 0 |
Dollars are approval amounts, rounded to 2 significant figures per loan, net of cancelled approvals.
| Industry | Loans |
|---|---|
| Plumbing, Heating, and Air-Conditioning Contractors | 10 |
| New Single-Family Housing Construction (except For-Sale Builders) | 9 |
| Electrical Contractors and Other Wiring Installation Contractors | 8 |
| All Other Specialty Trade Contractors | 7 |
| Residential Remodelers | 6 |
| Painting and Wall Covering Contractors | 4 |
| Finish Carpentry Contractors | 3 |
| Other Building Equipment Contractors | 3 |
| Poured Concrete Foundation and Structure Contractors | 3 |
| Site Preparation Contractors | 3 |
| Loan size | Loans |
|---|---|
| Under $150K | 31 |
| $150K to $350K | 8 |
| $350K to $1M | 24 |
| $1M to $2.5M | 8 |
| $2.5M or more | 2 |
- SBA lenders recorded 73 loans to construction trades totaling $36.2M in South Dakota in the 36 months ending September 30, 2026, excluding cancelled approvals. SBA FOIA,
- The typical loan was about $250K, with the middle half between $50K and $760K. SBA FOIA,
- 53 were SBA 7(a) loans and 20 were SBA 504 first liens. SBA FOIA,
- SBA 7(a) lenders reported a median initial rate of 9.50% on 53 loans. SBA FOIA,
- The median term was 10 years. SBA FOIA,
- Banks and savings institutions made 62 of the loans, credit unions 11, and non-banks 0. SBA FOIA,
- The five most active lenders made 57.5% of the loans. SBA FOIA,
- The three most active lenders were U.S. Bank National Association with 15, The First National Bank in Sioux Falls with 8, and First Bank & Trust with 7. SBA FOIA,
- 31 of the loans were under $150K, and 10 were $1M or more. SBA FOIA,
- The SBA file shows 17 approvals of these loans dated in the 12 months to September 30, 2026, versus 38 in the 12 months before. Both counts leave out cancelled approvals and include 504 approvals not yet funded. SBA FOIA,
- 14 of the 26 lenders are based in South Dakota. The rest are based elsewhere, most often in Florida, Minnesota and Ohio. SBA FOIA,
- The most common detailed industry in South Dakota was Plumbing, Heating, and Air-Conditioning Contractors, with 10 loans. SBA FOIA,
How this list is defined
- Measure
- SBA loans made to construction trades in South Dakota
- Period
- October 2023 to September 2026
- Formula
- Count, by lender, of SBA 7(a) approvals and SBA 504 first liens located in South Dakota, dated in the 36 months ending September 30, 2026 and not cancelled, whose NAICS code in the SBA file falls in NAICS 23.
- Order
- Largest first by loans in the state, 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.
What we don't know
- Whether any of these lenders is taking new SBA loans today, or how it would treat a business like yours.
- Loans that were never completed. The SBA file lists approvals, and these pages leave out the ones it marks cancelled.
- The borrower, the address and every term beyond rate and term. The public file does not show them.
Every loan counted here carried one of these NAICS codes in the SBA file, and the state of the loan is the state of the business. Loans are approvals, net of cancelled approvals. 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.