South Dakota SBA Loan Data
8,212 loans totaling $2.4B across all SBA programs.
Total Loans
8,212
1991–2025
Total Volume
$2.4B
Gross approval amount
Avg Loan Size
$292K
Median: $135K
Avg Interest Rate
6.83%
Default rate: 7.9%
South Dakota Loan Status
Active16.2%
Paid in Full64.4%
Charged Off6.9%
Cancelled11.2%
Committed0.5%
Download State Data
Get the complete SBA loan summary for all 50 states + DC and territories as a CSV — including loan counts, volume, rates, and default data.
South Dakota Annual Lending Volume
Number of Loans per Year
Top Industries
Loan Size Distribution
Top Lenders in South Dakota
| Lender | Loans | Volume▼ | Avg Size | Avg Rate | Default Rate |
|---|---|---|---|---|---|
| Wells Fargo Bank National Association | 935 | $185.6M | $198K | 7.37% | 7.9% |
| First Interstate Bank | 835 | $171.2M | $205K | 6.13% | 8.1% |
| FIRST DAKOTA NATIONAL BANK | 123 | $90.7M | $738K | N/A | 2.9% |
| The First National Bank in Sioux Falls | 302 | $73.2M | $242K | 6.33% | 6.7% |
| First Bank & Trust | 210 | $68.2M | $325K | 8.30% | 4.8% |
| FIRST INTERSTATE BANK | 99 | $57.2M | $578K | N/A | 2.5% |
| U.S. Bank, National Association | 349 | $52.9M | $151K | 8.39% | 5.4% |
| Dacotah Bank | 190 | $49.0M | $258K | 5.73% | 12.2% |
| FIRST BANK & TRUST | 60 | $48.8M | $814K | N/A | 0.0% |
| DACOTAH BANK | 72 | $48.3M | $670K | N/A | 1.7% |
| Black Hills FCU | 352 | $47.3M | $134K | 6.75% | 5.9% |
| FIRST NATIONAL BANK | 67 | $46.5M | $694K | N/A | 3.7% |
| First National Bank | 239 | $44.7M | $187K | 5.88% | 6.2% |
| First PREMIER Bank | 299 | $44.1M | $147K | 6.13% | 11.2% |
| FIRST PREMIER BANK | 57 | $42.4M | $744K | N/A | 0.0% |
| Minnwest Bank | 158 | $39.1M | $247K | 5.96% | 14.6% |
| PLAINS COMMERCE BANK | 62 | $36.8M | $594K | N/A | 0.0% |
| First Dakota National Bank | 194 | $35.9M | $185K | 6.40% | 14.8% |
| THE FIRST NATIONAL BANK IN SIOUX FALLS | 75 | $33.1M | $441K | N/A | 0.0% |
| American Bank and Trust | 145 | $31.2M | $215K | 6.72% | 4.7% |
| Pioneer Bank & Trust | 213 | $29.5M | $139K | 6.76% | 8.1% |
| CORTRUST BANK NATIONAL ASSOCIATION | 54 | $28.0M | $519K | N/A | 0.0% |
| AMERICAN BANK AND TRUST | 51 | $27.9M | $547K | N/A | 0.0% |
| Live Oak Banking Company | 16 | $27.4M | $1.7M | 6.71% | 0.0% |
| CorTrust Bank National Association | 132 | $27.1M | $205K | 6.54% | 10.7% |
Top Counties in South Dakota
| County | Loans | Volume▼ |
|---|---|---|
| Minnehaha → | 2,207 | $723.2M |
| Pennington → | 1,298 | $375.6M |
| Lincoln → | 598 | $192.0M |
| Lawrence → | 401 | $107.9M |
| Union → | 221 | $96.5M |
| Codington → | 269 | $93.2M |
| Brown → | 265 | $71.5M |
| Hughes → | 230 | $67.6M |
| Meade → | 281 | $63.8M |
| Brookings → | 175 | $59.0M |
| Davison → | 201 | $56.3M |
| Yankton → | 178 | $46.3M |
| Beadle → | 87 | $31.0M |
| Lake → | 90 | $23.9M |
| Butte → | 100 | $22.4M |
| Grant → | 56 | $22.1M |
| Fall River → | 77 | $21.8M |
| Custer → | 86 | $18.7M |
| Moody → | 50 | $17.2M |
| Clay → | 65 | $16.9M |
| Stanley → | 59 | $16.2M |
| Hamlin → | 30 | $14.5M |
| Roberts → | 48 | $14.4M |
| Charles Mix → | 64 | $14.4M |
| Kingsbury → | 41 | $13.8M |
Showing 1–25 of 30
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