SBA by industry · SD
SBA lenders for professional services firms in South Dakota
14 lenders made 20 SBA loans to professional services firms in South Dakota in the 36 months ending September 30, 2026. The First National Bank in Sioux Falls made the most, with 3. The typical loan was about $480K.
- Evidence
- SBA 7(a) and 504 loans to professional services firms in South Dakota, NAICS 54, excluding veterinary
- Data as of
- SBA, September 30, 2026
- Page last changed
- November 12, 2026
- Lenders on record
- 14
- SBA FOIA,
- SBA loans, 36 months
- 20
- SBA FOIA,
- 7(a) net of cancelled; 504 funded first liens
- Dollars, 36 months
- $10.3M
- SBA FOIA,
- Last 12 months
- 7
- SBA FOIA,
Cite this
Source: The Lender Report, SBA lenders for professional services firms in South Dakota, https://lender.report/sba-lenders-for/professional-services/south-dakota/, data as of September 30, 2026.
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| Lender | Kind | Based in | Loans | Dollars | 7(a) | 504 | Last 12 months |
|---|---|---|---|---|---|---|---|
| The First National Bank in Sioux Falls SBA 7(a) record | Bank | Sioux Falls, SD | 3 | $820K | 3 | 0 | 1 |
| First PREMIER Bank SBA 504 record | Bank | Sioux Falls, SD | 2 | $3.00M | 0 | 2 | 0 |
| First Bank & Trust SBA 7(a) record | Bank | Brookings, SD | 2 | $2.20M | 1 | 1 | 1 |
| First Dakota National Bank SBA 504 record | Bank | Yankton, SD | 2 | $1.45M | 1 | 1 | 0 |
| U.S. Bank National Association SBA 7(a) record | Bank | Cincinnati, OH | 2 | $1.38M | 2 | 0 | 0 |
| Pioneer Bank & Trust SBA 7(a) record | Bank | Belle Fourche, SD | 2 | $610K | 1 | 1 | 1 |
| Black Hills Credit Union SBA 7(a) record | Credit union | Rapid City, SD | 2 | $235K | 2 | 0 | 1 |
| LEVO Credit Union SBA 7(a) record | Credit union | Sioux Falls, SD | 2 | $69.0K | 2 | 0 | 0 |
| Live Oak Banking Company SBA 7(a) record | Bank | Wilmington, NC | 1 | $4.30M | 1 | 0 | 0 |
| American Bank & Trust SBA 504 record | Bank | Sioux Falls, SD | 1 | $740K | 0 | 1 | 0 |
| Central Bank SBA 504 record | Bank | Storm Lake, IA | 1 | $670K | 0 | 1 | 0 |
| United Midwest Savings Bank, National Association SBA 7(a) record | Bank | Degraff, OH | 1 | $260K | 1 | 0 | 1 |
| Northeast Bank SBA 7(a) record | Bank | Portland, ME | 1 | $85.0K | 1 | 0 | 0 |
| Stearns Bank National Association SBA 7(a) record | Bank | Saint Cloud, MN | 1 | $60.0K | 1 | 0 | 0 |
Dollars are approval amounts, rounded to 2 significant figures per loan, net of cancelled approvals.
| Industry | Loans |
|---|---|
| Offices of Certified Public Accountants | 3 |
| Administrative Management and General Management Consulting Services | 2 |
| Indoor and Outdoor Display Advertising | 2 |
| Interior Design Services | 2 |
| Offices of Lawyers | 2 |
| Other Computer Related Services | 2 |
| Tax Preparation Services | 2 |
| All Other Professional, Scientific, and Technical Services | 1 |
| Architectural Services | 1 |
| Human Resources Consulting Services | 1 |
| Loan size | Loans |
|---|---|
| Under $150K | 7 |
| $150K to $350K | 4 |
| $350K to $1M | 6 |
| $1M to $2.5M | 5 |
| $2.5M or more | 1 |
- SBA lenders recorded 20 loans to professional services firms totaling $10.3M in South Dakota in the 36 months ending September 30, 2026, excluding cancelled approvals. SBA FOIA,
- The typical loan was about $480K, with the middle half between $85K and $1M. SBA FOIA,
- 16 were SBA 7(a) loans and 7 were SBA 504 first liens. SBA FOIA,
- SBA 7(a) lenders reported a median initial rate of 8.00% on 16 loans. SBA FOIA,
- The median term was 10 years. SBA FOIA,
- Banks and savings institutions made 19 of the loans, credit unions 4, and non-banks 0. SBA FOIA,
- The five most active lenders made 55.0% of the loans. SBA FOIA,
- The three most active lenders were The First National Bank in Sioux Falls with 3, Black Hills Credit Union with 2, and First Bank & Trust with 2. SBA FOIA,
- 7 of the loans were under $150K, and 6 were $1M or more. SBA FOIA,
- The SBA file shows 7 approvals of these loans dated in the 12 months to September 30, 2026, versus 10 in the 12 months before. Both counts leave out cancelled approvals and include 504 approvals not yet funded. SBA FOIA,
- 8 of the 14 lenders are based in South Dakota. The rest are based elsewhere, most often in Ohio, Iowa and Maine. SBA FOIA,
- The most common detailed industry in South Dakota was Offices of Certified Public Accountants, with 3 loans. SBA FOIA,
How this list is defined
- Measure
- SBA loans made to professional services firms 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 54, excluding veterinary.
- 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.