SBA by industry · SD
SBA lenders for wholesale distributors in South Dakota
15 lenders made 23 SBA loans to wholesale distributors in South Dakota in the 36 months ending September 30, 2026. GBC International Bank made the most, with 4. The typical loan was about $650K.
- Evidence
- SBA 7(a) and 504 loans to wholesale distributors in South Dakota, NAICS 42
- Data as of
- SBA, September 30, 2026
- Page last changed
- November 12, 2026
- Lenders on record
- 15
- SBA FOIA,
- SBA loans, 36 months
- 23
- SBA FOIA,
- 7(a) net of cancelled; 504 funded first liens
- Dollars, 36 months
- $30.0M
- SBA FOIA,
- Last 12 months
- 8
- SBA FOIA,
Cite this
Source: The Lender Report, SBA lenders for wholesale distributors in South Dakota, https://lender.report/sba-lenders-for/wholesale/south-dakota/, data as of September 30, 2026.
Describe a deal in South Dakota
See which lenders made SBA loans to wholesale distributors, at your size and in your state. No account and no form.
Show SBA loans to wholesale distributors in South DakotaOn this list? Find your page
| Lender | Kind | Based in | Loans | Dollars | 7(a) | 504 | Last 12 months |
|---|---|---|---|---|---|---|---|
| GBC International Bank SBA 7(a) record | Bank | Los Angeles, CA | 4 | $9.95M | 4 | 0 | 2 |
| The First National Bank in Sioux Falls SBA 7(a) record | Bank | Sioux Falls, SD | 3 | $1.24M | 2 | 1 | 0 |
| First Dakota National Bank SBA 504 record | Bank | Yankton, SD | 2 | $9.50M | 0 | 2 | 0 |
| Dacotah Bank SBA 7(a) record | Bank | Aberdeen, SD | 2 | $2.10M | 2 | 0 | 2 |
| Northeast Bank SBA 7(a) record | Bank | Portland, ME | 2 | $70.0K | 2 | 0 | 0 |
| First Interstate Bank SBA 504 record | Bank | Billings, MT | 1 | $2.90M | 0 | 1 | 0 |
| Customers Bank SBA 7(a) record | Bank | Malvern, PA | 1 | $1.10M | 1 | 0 | 0 |
| CorTrust Bank National Association SBA 504 record | Bank | Mitchell, SD | 1 | $960K | 0 | 1 | 0 |
| Security Bank Midwest | Bank | Tyndall, SD | 1 | $650K | 0 | 1 | 1 |
| Minnwest Bank SBA 7(a) record | Bank | Redwood Falls, MN | 1 | $550K | 1 | 0 | 1 |
| First Bank & Trust SBA 7(a) record | Bank | Brookings, SD | 1 | $330K | 1 | 0 | 1 |
| First Savings Bank SBA 7(a) record | Savings | Beresford, SD | 1 | $280K | 1 | 0 | 1 |
| BayFirst National Bank SBA 7(a) record | Bank | Saint Petersburg, FL | 1 | $150K | 1 | 0 | 0 |
| Newtek Bank, National Association SBA 7(a) record | Bank | Miami, FL | 1 | $75.0K | 1 | 0 | 0 |
| U.S. Bank National Association SBA 7(a) record | Bank | Cincinnati, OH | 1 | $25.0K | 1 | 0 | 0 |
Dollars are approval amounts, rounded to 2 significant figures per loan, net of cancelled approvals.
| Industry | Loans |
|---|---|
| Meat and Meat Product Merchant Wholesalers | 4 |
| Farm Supplies Merchant Wholesalers | 3 |
| Book, Periodical, and Newspaper Merchant Wholesalers | 2 |
| Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers | 2 |
| Other Miscellaneous Durable Goods Merchant Wholesalers | 2 |
| Other Professional Equipment and Supplies Merchant Wholesalers | 2 |
| Construction and Mining (except Oil Well) Machinery and Equipment Merchant Wholesalers | 1 |
| Furniture Merchant Wholesalers | 1 |
| Household Appliances, Electric Housewares, and Consumer Electronics Merchant Wholesalers | 1 |
| Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers | 1 |
| Loan size | Loans |
|---|---|
| Under $150K | 4 |
| $150K to $350K | 5 |
| $350K to $1M | 6 |
| $1M to $2.5M | 3 |
| $2.5M or more | 5 |
- SBA lenders recorded 23 loans to wholesale distributors totaling $30M in South Dakota in the 36 months ending September 30, 2026, excluding cancelled approvals. SBA FOIA,
- The typical loan was about $650K, with the middle half between $170K and $1.8M. SBA FOIA,
- 17 were SBA 7(a) loans and 6 were SBA 504 first liens. SBA FOIA,
- SBA 7(a) lenders reported a median initial rate of 9.50% on 17 loans. SBA FOIA,
- The median term was 10 years. SBA FOIA,
- Banks and savings institutions made 23 of the loans, credit unions 0, and non-banks 0. SBA FOIA,
- The five most active lenders made 56.5% of the loans. SBA FOIA,
- The three most active lenders were GBC International Bank with 4, The First National Bank in Sioux Falls with 3, and Dacotah Bank with 2. SBA FOIA,
- 4 of the loans were under $150K, and 8 were $1M or more. SBA FOIA,
- The SBA file shows 8 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,
- 7 of the 15 lenders are based in South Dakota. The rest are based elsewhere, most often in Florida, California and Maine. SBA FOIA,
- The most common detailed industry in South Dakota was Meat and Meat Product Merchant Wholesalers, with 4 loans. SBA FOIA,
How this list is defined
- Measure
- SBA loans made to wholesale distributors 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 42.
- 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.