Dakota Business Finance approved 258 SBA loans worth $224.2M between October 2021 and June 2026, ranking #166 of 2,283 SBA lenders nationally by loan count. Its median loan was $497,000, and 31% went to startups or businesses under two years old. It lent in 7 states, most often in South Dakota, and its most financed industry was restaurants and hotels.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| South Dakota | 196 | $171.7M | $518,500 | #1 |
| Iowa | 39 | $38.2M | $570,000 | #13 |
| Minnesota | 19 | $10.2M | $336,000 | #68 |
| Missouri | 1 | $740K | $740,000 | #214 |
| North Dakota | 1 | $2.4M | $2,374,000 | #54 |
| Nebraska | 1 | $643K | $643,000 | #95 |
| Wisconsin | 1 | $421K | $421,000 | #264 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Restaurants and hotels | 57 | $735,000 | |
| Retail | 33 | $438,000 | |
| Other services (repair, personal care) | 30 | $272,000 | |
| Construction | 26 | $359,500 | |
| Manufacturing | 22 | $802,000 | |
| Health care and social assistance | 19 | $320,000 | |
| Wholesale trade | 15 | $540,000 | |
| Agriculture, forestry and fishing | 13 | $385,000 | |
| Real estate and rental | 11 | $283,000 | |
| Professional and technical services | 10 | $474,000 |