SBA by industry · SD
SBA lenders for restaurants in South Dakota
28 lenders made 75 SBA loans to restaurants in South Dakota in the 36 months ending September 30, 2026. First Bank & Trust made the most, with 12. The typical loan was about $320K.
- Evidence
- SBA 7(a) and 504 loans to restaurants in South Dakota, NAICS 722
- Data as of
- SBA, September 30, 2026
- Page last changed
- November 12, 2026
- Lenders on record
- 28
- SBA FOIA,
- SBA loans, 36 months
- 75
- SBA FOIA,
- 7(a) net of cancelled; 504 funded first liens
- Dollars, 36 months
- $39.7M
- SBA FOIA,
- Last 12 months
- 23
- SBA FOIA,
Cite this
Source: The Lender Report, SBA lenders for restaurants in South Dakota, https://lender.report/sba-lenders-for/restaurants/south-dakota/, data as of September 30, 2026.
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| Lender | Kind | Based in | Loans | Dollars | 7(a) | 504 | Last 12 months |
|---|---|---|---|---|---|---|---|
| First Bank & Trust SBA 7(a) record | Bank | Brookings, SD | 12 | $9.71M | 11 | 1 | 6 |
| The First National Bank in Sioux Falls SBA 7(a) record | Bank | Sioux Falls, SD | 12 | $5.10M | 11 | 1 | 4 |
| Black Hills Credit Union SBA 7(a) record | Credit union | Rapid City, SD | 6 | $1.23M | 6 | 0 | 1 |
| First Dakota National Bank SBA 504 record | Bank | Yankton, SD | 4 | $2.93M | 1 | 3 | 0 |
| The Huntington National Bank SBA 7(a) record | Bank | Columbus, OH | 4 | $780K | 4 | 0 | 0 |
| Stearns Bank National Association SBA 7(a) record | Bank | Saint Cloud, MN | 3 | $630K | 3 | 0 | 1 |
| U.S. Bank National Association SBA 7(a) record | Bank | Cincinnati, OH | 3 | $389K | 3 | 0 | 1 |
| Plains Commerce Bank SBA 504 record | Bank | Sioux Falls, SD | 2 | $2.70M | 0 | 2 | 0 |
| Sunrise Banks, National Association SBA 7(a) record | Bank | Sioux Falls, SD | 2 | $600K | 2 | 0 | 2 |
| Highmark Credit Union SBA 7(a) record | Credit union | Rapid City, SD | 2 | $370K | 2 | 0 | 0 |
| Frontier Bank | Savings | Sioux Falls, SD | 1 | $1.80M | 0 | 1 | 0 |
| First National Bank | Bank | Fort Pierre, SD | 1 | $1.40M | 1 | 0 | 0 |
| Choice Financial Group SBA 7(a) record | Bank | Fargo, ND | 1 | $1.00M | 1 | 0 | 0 |
| Northwest Bank SBA 7(a) record | Bank | Spencer, IA | 1 | $980K | 1 | 0 | 0 |
| First Western Bank & Trust SBA 504 record | Bank | Minot, ND | 1 | $580K | 0 | 1 | 0 |
| American Bank & Trust SBA 504 record | Bank | Sioux Falls, SD | 1 | $560K | 0 | 1 | 0 |
| BankStar Financial | Bank | Elkton, SD | 1 | $560K | 1 | 0 | 1 |
| Cache Valley Bank SBA 7(a) record | Bank | Logan, UT | 1 | $360K | 1 | 0 | 1 |
| Campbell County Bank, Inc. | Bank | Herreid, SD | 1 | $350K | 1 | 0 | 0 |
| Dacotah Bank SBA 7(a) record | Bank | Aberdeen, SD | 1 | $250K | 1 | 0 | 0 |
| Northeast Bank SBA 7(a) record | Bank | Portland, ME | 1 | $250K | 1 | 0 | 0 |
| First Interstate Bank SBA 7(a) record | Bank | Billings, MT | 1 | $180K | 1 | 0 | 0 |
| Celtic Bank SBA 7(a) record | Bank | Salt Lake City, UT | 1 | $150K | 1 | 0 | 1 |
| LEVO Credit Union SBA 7(a) record | Credit union | Sioux Falls, SD | 1 | $150K | 1 | 0 | 0 |
| Pioneer Bank & Trust SBA 7(a) record | Bank | Belle Fourche, SD | 1 | $120K | 1 | 0 | 1 |
Dollars are approval amounts, rounded to 2 significant figures per loan, net of cancelled approvals.
| Industry | Loans |
|---|---|
| Limited-Service Restaurants | 21 |
| Snack and Nonalcoholic Beverage Bars | 20 |
| Full-Service Restaurants | 17 |
| Drinking Places (Alcoholic Beverages) | 8 |
| Mobile Food Services | 6 |
| Food Service Contractors | 2 |
| Caterers | 1 |
| Loan size | Loans |
|---|---|
| Under $150K | 22 |
| $150K to $350K | 14 |
| $350K to $1M | 22 |
| $1M to $2.5M | 10 |
| $2.5M or more | 0 |
- SBA lenders recorded 75 loans to restaurants totaling $39.7M in South Dakota in the 36 months ending September 30, 2026, excluding cancelled approvals. SBA FOIA,
- The typical loan was about $320K, with the middle half between $100K and $680K. SBA FOIA,
- 57 were SBA 7(a) loans and 11 were SBA 504 first liens. SBA FOIA,
- SBA 7(a) lenders reported a median initial rate of 8.75% on 57 loans. SBA FOIA,
- The median term was 10 years. SBA FOIA,
- Banks and savings institutions made 59 of the loans, credit unions 9, and non-banks 0. SBA FOIA,
- The five most active lenders made 50.7% of the loans. SBA FOIA,
- The three most active lenders were First Bank & Trust with 12, The First National Bank in Sioux Falls with 12, and Black Hills Credit Union with 6. SBA FOIA,
- 22 of the loans were under $150K, and 10 were $1M or more. SBA FOIA,
- 7 of these loans were 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 23 approvals of these loans dated in the 12 months to September 30, 2026, versus 30 in the 12 months before. Both counts leave out cancelled approvals and include 504 approvals not yet funded. SBA FOIA,
- 16 of the 28 lenders are based in South Dakota. The rest are based elsewhere, most often in North Dakota, Ohio and Utah. SBA FOIA,
- The most common detailed industry in South Dakota was Limited-Service Restaurants, with 21 loans. SBA FOIA,
How this list is defined
- Measure
- SBA loans made to restaurants 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 722.
- 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.