SBA by industry · SD
SBA lenders for retail stores in South Dakota
27 lenders made 59 SBA loans to retail stores in South Dakota in the 36 months ending September 30, 2026. First Bank & Trust made the most, with 10. The typical loan was about $300K.
- Evidence
- SBA 7(a) and 504 loans to retail stores in South Dakota, NAICS 44 and 45, excluding gas, convenience and pharmacy
- Data as of
- SBA, September 30, 2026
- Page last changed
- November 12, 2026
- Lenders on record
- 27
- SBA FOIA,
- SBA loans, 36 months
- 59
- SBA FOIA,
- 7(a) net of cancelled; 504 funded first liens
- Dollars, 36 months
- $38.5M
- SBA FOIA,
- Last 12 months
- 23
- SBA FOIA,
Cite this
Source: The Lender Report, SBA lenders for retail stores in South Dakota, https://lender.report/sba-lenders-for/retail/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 | 10 | $8.94M | 9 | 1 | 6 |
| The First National Bank in Sioux Falls SBA 7(a) record | Bank | Sioux Falls, SD | 7 | $2.63M | 3 | 4 | 3 |
| Readycap Lending, LLC SBA 7(a) record | Non-bank | Berkeley Heights, NJ | 5 | $1.40M | 5 | 0 | 0 |
| Wells Fargo Bank, National Association SBA 7(a) record | Bank | Sioux Falls, SD | 4 | $4.83M | 4 | 0 | 0 |
| Black Hills Credit Union SBA 7(a) record | Credit union | Rapid City, SD | 4 | $1.54M | 2 | 2 | 0 |
| U.S. Bank National Association SBA 7(a) record | Bank | Cincinnati, OH | 4 | $252K | 4 | 0 | 0 |
| Pioneer Bank & Trust SBA 7(a) record | Bank | Belle Fourche, SD | 3 | $549K | 3 | 0 | 2 |
| BayFirst National Bank SBA 7(a) record | Bank | Saint Petersburg, FL | 3 | $380K | 3 | 0 | 0 |
| American Bank & Trust SBA 504 record | Bank | Sioux Falls, SD | 2 | $6.12M | 0 | 2 | 1 |
| CorTrust Bank National Association SBA 7(a) record | Bank | Mitchell, SD | 2 | $3.49M | 1 | 1 | 0 |
| First PREMIER Bank SBA 504 record | Bank | Sioux Falls, SD | 2 | $2.70M | 0 | 2 | 0 |
| Minnwest Bank SBA 7(a) record | Bank | Redwood Falls, MN | 2 | $1.20M | 2 | 0 | 2 |
| First Interstate Bank SBA 7(a) record | Bank | Billings, MT | 2 | $950K | 2 | 0 | 0 |
| First Dakota National Bank SBA 504 record | Bank | Yankton, SD | 2 | $870K | 1 | 1 | 1 |
| Reliabank Dakota SBA 504 record | Bank | Estelline, SD | 1 | $1.20M | 0 | 1 | 0 |
| Live Oak Banking Company SBA 7(a) record | Bank | Wilmington, NC | 1 | $900K | 1 | 0 | 0 |
| Celtic Bank SBA 7(a) record | Bank | Salt Lake City, UT | 1 | $720K | 1 | 0 | 0 |
| Cache Valley Bank SBA 7(a) record | Bank | Logan, UT | 1 | $500K | 1 | 0 | 0 |
| BankStar Financial | Bank | Elkton, SD | 1 | $480K | 0 | 1 | 0 |
| First Savings Bank SBA 7(a) record | Savings | Beresford, SD | 1 | $350K | 1 | 0 | 1 |
| Newtek Bank, National Association SBA 7(a) record | Bank | Miami, FL | 1 | $350K | 1 | 0 | 0 |
| Grasshopper Bank, N.A. SBA 7(a) record | Bank | New York, NY | 1 | $300K | 1 | 0 | 1 |
| Plains Commerce Bank SBA 504 record | Bank | Sioux Falls, SD | 1 | $300K | 0 | 1 | 0 |
| Sundance State Bank | Bank | Sundance, WY | 1 | $300K | 1 | 0 | 1 |
| First-Citizens Bank & Trust Company SBA 7(a) record | Bank | Raleigh, NC | 1 | $280K | 1 | 0 | 0 |
Dollars are approval amounts, rounded to 2 significant figures per loan, net of cancelled approvals.
| Industry | Loans |
|---|---|
| Clothing and Clothing Accessories Retailers | 9 |
| Sporting Goods Retailers | 6 |
| All Other Miscellaneous Retailers | 5 |
| Automotive Parts and Accessories Retailers | 5 |
| Other Building Material Dealers | 4 |
| All Other Home Furnishings Retailers | 3 |
| All Other General Merchandise Retailers | 2 |
| Electronics and Appliance Retailers | 2 |
| Furniture Retailers | 2 |
| Hardware Retailers | 2 |
| Loan size | Loans |
|---|---|
| Under $150K | 21 |
| $150K to $350K | 13 |
| $350K to $1M | 19 |
| $1M to $2.5M | 8 |
| $2.5M or more | 4 |
- SBA lenders recorded 59 loans to retail stores totaling $38.5M in South Dakota in the 36 months ending September 30, 2026, excluding cancelled approvals. SBA FOIA,
- The typical loan was about $300K, with the middle half between $100K and $690K. SBA FOIA,
- 49 were SBA 7(a) loans and 16 were SBA 504 first liens. SBA FOIA,
- SBA 7(a) lenders reported a median initial rate of 9.50% on 49 loans. SBA FOIA,
- The median term was 10 years. SBA FOIA,
- Banks and savings institutions made 56 of the loans, credit unions 4, and non-banks 5. SBA FOIA,
- The five most active lenders made 50.8% of the loans. SBA FOIA,
- The three most active lenders were First Bank & Trust with 10, The First National Bank in Sioux Falls with 7, and Readycap Lending, LLC with 5. SBA FOIA,
- 21 of the loans were under $150K, and 12 were $1M or more. SBA FOIA,
- The SBA file shows 23 approvals of these loans dated in the 12 months to September 30, 2026, versus 25 in the 12 months before. Both counts leave out cancelled approvals and include 504 approvals not yet funded. SBA FOIA,
- 13 of the 27 lenders are based in South Dakota. The rest are based elsewhere, most often in Utah, Florida and Minnesota. SBA FOIA,
- The most common detailed industry in South Dakota was Clothing and Clothing Accessories Retailers, with 9 loans. SBA FOIA,
How this list is defined
- Measure
- SBA loans made to retail stores 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 44 and 45, excluding gas, convenience and pharmacy.
- 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.