South Dakota SBA Loan Data
8,212 loans totaling $2.4B across all SBA programs.
Total Loans
8,212
1992–2025
Total Volume
$2.4B
Gross approval amount
Avg Loan Size
$292K
Median: $135K
Avg Interest Rate
6.83%
Default rate: 7.9%
SBA Lending by County
Click any county to explore its loan data. Showing: Total Volume
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Counties in South Dakota
| Minnehaha → | 2,207 | $723.2M | $328K |
| Pennington → | 1,298 | $375.6M | $289K |
| Lincoln → | 598 | $192.0M | $321K |
| Lawrence → | 401 | $107.9M | $269K |
| Union → | 221 | $96.5M | $437K |
| Codington → | 269 | $93.2M | $346K |
| Brown → | 265 | $71.5M | $270K |
| Hughes → | 230 | $67.6M | $294K |
| Meade → | 281 | $63.8M | $227K |
| Brookings → | 175 | $59.0M | $337K |
| Davison → | 201 | $56.3M | $280K |
| Yankton → | 178 | $46.3M | $260K |
| Beadle → | 87 | $31.0M | $356K |
| Lake → | 90 | $23.9M | $265K |
| Butte → | 100 | $22.4M | $224K |
| Grant → | 56 | $22.1M | $395K |
| Fall River → | 77 | $21.8M | $283K |
| Custer → | 86 | $18.7M | $218K |
| Moody → | 50 | $17.2M | $343K |
| Clay → | 65 | $16.9M | $260K |
| Stanley → | 59 | $16.2M | $274K |
| Hamlin → | 30 | $14.5M | $484K |
| Roberts → | 48 | $14.4M | $301K |
| Charles Mix → | 64 | $14.4M | $226K |
| Kingsbury → | 41 | $13.8M | $337K |
Showing 1–25 of 67
South Dakota Loan Status
South Dakota Loan Status showing Active: 16.2%, Paid in Full: 64.4%, Charged Off: 6.9%, Cancelled: 12.1%, Committed: 0.5%
Active16.2%
Paid in Full64.4%
Charged Off6.9%
Cancelled12.1%
Committed0.5%
Note: Loans from 2023 and later may show lower default rates because they haven't had enough time to mature. Default rates typically stabilize after 5+ years.
South Dakota Annual Lending Volume
South Dakota Annual Lending Volume from 1992 to 2025
Number of Loans per Year
Number of Loans per Year from 1992 to 2025
Top Industries
Top Industries with 12 categories
Loan Size Distribution
Loan Size Distribution with 7 categories
Top Lenders in South Dakota
| First Interstate Bank | 934 | $228.4M | $245K | 6.13% | 7.5% |
| Wells Fargo Bank National Association | 940 | $188.3M | $200K | 7.37% | 7.9% |
| First Dakota National Bank | 317 | $126.6M | $400K | 6.40% | 10.4% |
| First Bank & Trust | 270 | $117.1M | $434K | 8.30% | 3.7% |
| The First National Bank in Sioux Falls | 377 | $106.3M | $282K | 6.33% | 5.6% |
| Dacotah Bank | 262 | $97.3M | $371K | 5.73% | 9.4% |
| First National Bank | 306 | $91.2M | $298K | 5.88% | 5.7% |
| First PREMIER Bank | 356 | $86.5M | $243K | 6.13% | 9.4% |
| Black Hills FCU | 386 | $67.5M | $175K | 6.75% | 5.3% |
| American Bank and Trust | 196 | $59.1M | $302K | 6.72% | 3.6% |
| CorTrust Bank National Association | 186 | $55.1M | $296K | 6.54% | 7.8% |
| U.S. Bank, National Association | 352 | $54.2M | $154K | 8.39% | 5.3% |
| Pioneer Bank & Trust | 249 | $49.8M | $200K | 6.76% | 7.5% |
| Plains Commerce Bank | 93 | $45.3M | $487K | 6.18% | 3.7% |
| Minnwest Bank | 170 | $43.7M | $257K | 5.96% | 13.6% |
| BankWest, Inc | 136 | $41.4M | $305K | 6.18% | 5.8% |
| Reliabank Dakota | 80 | $28.5M | $356K | 6.59% | 10.4% |
| Home Federal Bank | 114 | $27.7M | $243K | 6.80% | 7.2% |
| Live Oak Banking Company | 16 | $27.4M | $1.7M | 6.71% | 0.0% |
| First National Bank of Omaha | 148 | $27.0M | $183K | 5.77% | 7.2% |
| GBC International Bank | 12 | $25.9M | $2.2M | 6.56% | 0.0% |
| First Savings Bank | 143 | $24.3M | $170K | 5.98% | 6.3% |
| One American Bank | 65 | $23.3M | $358K | 5.28% | 14.0% |
| BMO Bank National Association | 51 | $20.1M | $394K | 6.29% | 22.7% |
| Black Hills Community Bank, National Association | 30 | $17.7M | $591K | 6.17% | 0.0% |
Get the Data
Download the complete SBA loan summary for all 50 states + DC and territories as a CSV — including loan counts, volume, rates, and default data.
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