146 SBA loans worth $71.4M went to businesses in Rapid City, SD between October 2021 and June 2026, from 29 lenders. Black Hills FCU made the most, 31 loans. The median loan was $224,500, compared with $289,000 across South Dakota, and restaurants and hotels was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Black Hills FCU Credit union · Rapid City, SD | 31 | $5.4M | $67,500 | 55% |
| 2 | Ally Dakota Development Certified development company · Rapid City, SD | 30 | $24.1M | $462,000 | 13% |
| 3 | U.S. Bank Bank · Cincinnati, OH | 14 | $5.8M | $175,350 | 43% |
| 4 | First Interstate Bank Bank · Billings, MT | 9 | $4.0M | $276,400 | 44% |
| 5 | Highmark FCU Credit union · Rapid City, SD | 9 | $1.2M | $100,000 | 67% |
| 6 | Dakota Business Finance Certified development company · Sioux Falls, SD | 7 | $7.4M | $711,000 | 29% |
| 7 | Pioneer Bank & Trust Bank · Belle Fourche, SD | 7 | $824K | $80,000 | 86% |
| 8 | Wells Fargo Bank Bank · Sioux Falls, SD | 5 | $125K | $15,000 | 80% |
| 9 | First Bank & Trust Bank · Brookings, SD | 3 | $3.7M | $1,000,000 | 33% |
| 10 | South Dakota Development Certified development company · Sioux Falls, SD | 3 | $3.2M | $1,067,000 | 33% |
| 11 | First National Bank Bank · Fort Pierre, SD | 3 | $1.6M | $243,700 | 67% |
| 12 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 3 | $711K | $103,500 | 67% |
| 13 | Live Oak Banking Bank · Wilmington, NC | 2 | $3.8M | $1,894,000 | 0% |
| 14 | TowneBank Bank · Portsmouth, VA | 2 | $811K | $405,500 | 100% |
| 15 | Stearns Bank Bank · St. Cloud, MN | 2 | $410K | $205,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Restaurants and hotels | 24 | $514,200 | Dakota Business Finance | |
| Health care and social assistance | 19 | $225,000 | Ally Dakota Development | |
| Other services (repair, personal care) | 18 | $396,000 | Ally Dakota Development | |
| Retail | 18 | $175,350 | Black Hills FCU | |
| Manufacturing | 14 | $176,500 | Black Hills FCU | |
| Construction | 13 | $150,000 | U.S. Bank | |
| Professional and technical services | 10 | $95,000 | U.S. Bank | |
| Administrative and support services | 7 | $106,200 | Black Hills FCU |