South Dakota Development approved 89 SBA loans worth $70.8M between October 2021 and June 2026, ranking #390 of 2,283 SBA lenders nationally by loan count. Its median loan was $666,000, and 18% went to startups or businesses under two years old. It lent in 3 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 | 87 | $66.3M | $661,000 | #3 |
| Iowa | 1 | $1.4M | $1,357,000 | #166 |
| Nebraska | 1 | $3.2M | $3,185,000 | #102 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Restaurants and hotels | 18 | $1,053,000 | |
| Retail | 13 | $701,000 | |
| Other services (repair, personal care) | 12 | $653,000 | |
| Health care and social assistance | 8 | $395,000 | |
| Professional and technical services | 6 | $587,500 | |
| Agriculture, forestry and fishing | 6 | $608,500 | |
| Construction | 6 | $649,500 | |
| Manufacturing | 5 | $789,000 | |
| Transportation and warehousing | 4 | $376,500 | |
| Real estate and rental | 3 | $467,000 |