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SBA Lenders in South Dakota
29 active SBA lenders · 14,314 loans approved · $5.2B total volume
29 Active Lenders
6 Preferred Lenders
14,314 Loans Since 2020
$5.2B Total Volume
All SBA Lenders in South Dakota
| Lender | City | Loans | Total Volume | Avg Loan | Preferred |
|---|---|---|---|---|---|
| Wells Fargo Bank National Association | Sioux Falls | 11,784 | $3.2B | $268K | ⭐ |
| The Bancorp Bank National Association | Sioux Falls | 854 | $743.6M | $871K | ⭐ |
| Pathward National Association | SIOUX FALLS | 423 | $615.3M | $1.5M | ⭐ |
| Citibank, N.A. | Sioux Falls | 276 | $153.0M | $554K | ⭐ |
| First Bank & Trust | BROOKINGS | 183 | $139.7M | $763K | ⭐ |
| The First National Bank in Sioux Falls | Sioux Falls | 117 | $32.9M | $281K | — |
| First Savings Bank | Beresford | 117 | $30.5M | $261K | — |
| Black Hills FCU | Rapid City | 104 | $23.7M | $228K | — |
| First National Bank | OLDHAM | 93 | $30.3M | $325K | — |
| 1st Financial Bank USA | DAKOTA DUNES | 87 | $169.6M | $1.9M | — |
| Highmark FCU | RAPID CITY | 46 | $6.2M | $134K | — |
| CorTrust Bank National Association | MITCHELL | 42 | $12.4M | $296K | — |
| Dacotah Bank | ABERDEEN | 38 | $20.4M | $536K | — |
| Pioneer Bank & Trust | BELLE FOURCHE | 31 | $8.3M | $267K | — |
| Security Savings Bank | CANTON | 28 | $5.1M | $181K | — |
| Levo Federal Credit Union | Sioux Falls | 26 | $1.4M | $55K | — |
| First PREMIER Bank | SIOUX FALLS | 16 | $2.2M | $136K | — |
| First Dakota National Bank | YANKTON | 14 | $7.2M | $515K | ⭐ |
| American Bank and Trust | Sioux Falls | 9 | $8.8M | $977K | — |
| Sentinel FCU | Ellsworth AFB | 4 | $622K | $155K | — |
| Reliabank Dakota | ESTELLINE | 4 | $2.8M | $711K | — |
| One American Bank | Centerville | 3 | $760K | $253K | — |
| BankWest, Inc | PIERRE | 3 | $1.4M | $483K | — |
| BankStar Financial | Elkton | 3 | $879K | $293K | — |
| Campbell County Bank | HERREID | 2 | $688K | $344K | — |
| Voyage Federal Credit Union | SIOUX FALLS | 2 | $266K | $133K | — |
| Plains Commerce Bank | Sioux Falls | 2 | $434K | $217K | — |
| Black Hills Community Bank, National Association | RAPID CITY | 2 | $666K | $333K | — |
| First Fidelity Bank | BURKE | 1 | $700K | $700K | — |
Finding an SBA Lender in South Dakota
There are currently 29 SBA-approved lenders headquartered in South Dakota, ranging from national banks to local community lenders. Together they have approved 14,314 SBA 7(a) loans totaling $5.2B since 2020.
Of these, 6 are SBA Preferred Lenders — meaning they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing and funding.
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