341 SBA loans worth $207.7M went to businesses in Sioux Falls, SD between October 2021 and June 2026, from 43 lenders. Dakota Business Finance made the most, 96 loans. The median loan was $309,000, compared with $289,000 across South Dakota, and restaurants and hotels was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Dakota Business Finance Certified development company · Sioux Falls, SD | 96 | $96.9M | $615,500 | 20% |
| 2 | First National Bank in Sioux Falls Bank · Sioux Falls, SD | 50 | $18.5M | $156,250 | 60% |
| 3 | South Dakota Development Certified development company · Sioux Falls, SD | 35 | $26.8M | $510,000 | 9% |
| 4 | First Bank & Trust Bank · Brookings, SD | 21 | $12.6M | $227,700 | 38% |
| 5 | U.S. Bank Bank · Cincinnati, OH | 20 | $1.4M | $28,100 | 55% |
| 6 | Black Hills FCU Credit union · Rapid City, SD | 12 | $2.8M | $239,250 | 92% |
| 7 | Huntington National Bank Bank · Columbus, OH | 9 | $1.9M | $100,000 | 78% |
| 8 | Levo Federal Credit Union Credit union · Sioux Falls, SD | 9 | $636K | $40,000 | 56% |
| 9 | Ally Dakota Development Certified development company · Rapid City, SD | 7 | $6.1M | $752,000 | 14% |
| 10 | First Interstate Bank Bank · Billings, MT | 7 | $1.3M | $50,000 | 86% |
| 11 | BayFirst National Bank Bank · St. Petersburg, FL | 6 | $834K | $150,000 | 0% |
| 12 | United Midwest Savings Bank Bank · Degraff, OH | 5 | $868K | $150,000 | 100% |
| 13 | Live Oak Banking Bank · Wilmington, NC | 4 | $8.2M | $1,487,500 | 25% |
| 14 | Wells Fargo Bank Bank · Sioux Falls, SD | 4 | $4.8M | $684,100 | 75% |
| 15 | Minnwest Bank Bank · Redwood Falls, MN | 4 | $1.0M | $210,250 | 75% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Restaurants and hotels | 61 | $633,000 | Dakota Business Finance | |
| Retail | 48 | $264,300 | Dakota Business Finance | |
| Construction | 40 | $186,000 | Dakota Business Finance | |
| Other services (repair, personal care) | 37 | $229,000 | Dakota Business Finance | |
| Health care and social assistance | 28 | $297,350 | Dakota Business Finance | |
| Professional and technical services | 24 | $375,000 | Dakota Business Finance | |
| Administrative and support services | 20 | $95,000 | Dakota Business Finance | |
| Manufacturing | 19 | $500,000 | Dakota Business Finance |