SBA by industry · SD
SBA lenders for manufacturers in South Dakota
16 lenders made 29 SBA loans to manufacturers in South Dakota in the 36 months ending September 30, 2026. Black Hills Credit Union made the most, with 5. The typical loan was about $200K.
- Evidence
- SBA 7(a) and 504 loans to manufacturers in South Dakota, NAICS 31 to 33
- Data as of
- SBA, September 30, 2026
- Page last changed
- November 12, 2026
- Lenders on record
- 16
- SBA FOIA,
- SBA loans, 36 months
- 29
- SBA FOIA,
- 7(a) net of cancelled; 504 funded first liens
- Dollars, 36 months
- $18.4M
- SBA FOIA,
- Last 12 months
- 10
- SBA FOIA,
Cite this
Source: The Lender Report, SBA lenders for manufacturers in South Dakota, https://lender.report/sba-lenders-for/manufacturing/south-dakota/, data as of September 30, 2026.
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| Lender | Kind | Based in | Loans | Dollars | 7(a) | 504 | Last 12 months |
|---|---|---|---|---|---|---|---|
| Black Hills Credit Union SBA 7(a) record | Credit union | Rapid City, SD | 5 | $2.00M | 4 | 1 | 0 |
| The First National Bank in Sioux Falls SBA 7(a) record | Bank | Sioux Falls, SD | 4 | $1.60M | 4 | 0 | 3 |
| Dacotah Bank SBA 7(a) record | Bank | Aberdeen, SD | 3 | $2.19M | 1 | 2 | 3 |
| First National Bank | Bank | Fort Pierre, SD | 2 | $2.27M | 1 | 1 | 1 |
| American Bank & Trust SBA 504 record | Bank | Sioux Falls, SD | 2 | $1.76M | 0 | 2 | 0 |
| First Bank & Trust SBA 7(a) record | Bank | Brookings, SD | 2 | $430K | 2 | 0 | 0 |
| Plains Commerce Bank SBA 504 record | Bank | Sioux Falls, SD | 1 | $6.00M | 0 | 1 | 0 |
| First Dakota National Bank SBA 504 record | Bank | Yankton, SD | 1 | $680K | 0 | 1 | 0 |
| Newtek Bank, National Association SBA 7(a) record | Bank | Miami, FL | 1 | $250K | 1 | 0 | 0 |
| BayFirst National Bank SBA 7(a) record | Bank | Saint Petersburg, FL | 1 | $150K | 1 | 0 | 0 |
| First Interstate Bank SBA 7(a) record | Bank | Billings, MT | 1 | $130K | 1 | 0 | 0 |
| Highmark Credit Union SBA 7(a) record | Credit union | Rapid City, SD | 1 | $120K | 1 | 0 | 0 |
| Minnwest Bank SBA 7(a) record | Bank | Redwood Falls, MN | 1 | $120K | 1 | 0 | 0 |
| Readycap Lending, LLC SBA 7(a) record | Non-bank | Berkeley Heights, NJ | 1 | $50.0K | 1 | 0 | 0 |
| LEVO Credit Union SBA 7(a) record | Credit union | Sioux Falls, SD | 1 | $17.0K | 1 | 0 | 0 |
| Wells Fargo Bank, National Association SBA 7(a) record | Bank | Sioux Falls, SD | 1 | $15.0K | 1 | 0 | 0 |
Dollars are approval amounts, rounded to 2 significant figures per loan, net of cancelled approvals.
| Industry | Loans |
|---|---|
| Ornamental and Architectural Metal Work Manufacturing | 4 |
| Commercial Printing (except Screen and Books) | 3 |
| All Other Plastics Product Manufacturing | 2 |
| Breweries | 2 |
| All Other Industrial Machinery Manufacturing | 1 |
| All Other Miscellaneous Fabricated Metal Product Manufacturing | 1 |
| All Other Miscellaneous Manufacturing | 1 |
| Apparel Accessories and Other Apparel Manufacturing | 1 |
| Coffee and Tea Manufacturing | 1 |
| Commercial Screen Printing | 1 |
| Loan size | Loans |
|---|---|
| Under $150K | 12 |
| $150K to $350K | 5 |
| $350K to $1M | 8 |
| $1M to $2.5M | 3 |
| $2.5M or more | 1 |
- SBA lenders recorded 29 loans to manufacturers totaling $18.4M in South Dakota in the 36 months ending September 30, 2026, excluding cancelled approvals. SBA FOIA,
- The typical loan was about $200K, with the middle half between $110K and $860K. SBA FOIA,
- 20 were SBA 7(a) loans and 9 were SBA 504 first liens. SBA FOIA,
- SBA 7(a) lenders reported a median initial rate of 10.25% on 20 loans. SBA FOIA,
- The median term was 10 years. SBA FOIA,
- Banks and savings institutions made 20 of the loans, credit unions 7, and non-banks 1. SBA FOIA,
- The five most active lenders made 55.2% of the loans. SBA FOIA,
- The three most active lenders were Black Hills Credit Union with 5, The First National Bank in Sioux Falls with 4, and Dacotah Bank with 3. SBA FOIA,
- 12 of the loans were under $150K, and 4 were $1M or more. SBA FOIA,
- 1 of these loans was made by lenders that have since merged or closed, that the file lists under a name with no lender record here, or that the loan tape shows only at a broader industry level. They are counted in the totals here and appear in no lender's row. SBA FOIA,
- The SBA file shows 10 approvals of these loans dated in the 12 months to September 30, 2026, versus 8 in the 12 months before. Both counts leave out cancelled approvals and include 504 approvals not yet funded. SBA FOIA,
- 11 of the 16 lenders are based in South Dakota. The rest are based elsewhere, most often in Florida, Minnesota and Montana. SBA FOIA,
- The most common detailed industry in South Dakota was Ornamental and Architectural Metal Work Manufacturing, with 4 loans. SBA FOIA,
How this list is defined
- Measure
- SBA loans made to manufacturers 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 31 to 33.
- 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.