39 SBA loans worth $15.3M went to businesses in Spearfish, SD between October 2021 and June 2026, from 12 lenders. Pioneer Bank & Trust made the most, 8 loans. The median loan was $157,000, compared with $289,000 across South Dakota, and restaurants and hotels was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Pioneer Bank & Trust Bank · Belle Fourche, SD | 8 | $803K | $63,800 | 38% |
| 2 | First Interstate Bank Bank · Billings, MT | 6 | $4.2M | $735,200 | 50% |
| 3 | Northeast Bank Bank · Portland, ME | 6 | $1.1M | $191,850 | 0% |
| 4 | First National Bank Bank · Fort Pierre, SD | 5 | $1.0M | $150,000 | 40% |
| 5 | Ally Dakota Development Certified development company · Rapid City, SD | 3 | $2.0M | $330,000 | 0% |
| 6 | Stearns Bank Bank · St. Cloud, MN | 3 | $632K | $211,500 | 67% |
| 7 | Wells Fargo Bank Bank · Sioux Falls, SD | 3 | $55K | $15,000 | 100% |
| 8 | Legends West Bank Bank · Lewellen, NE | 1 | $2.3M | $2,300,000 | 100% |
| 9 | Farmers State Bank of Alto Pass, Illinois Bank · Alto Pass, IL | 1 | $2.2M | $2,200,000 | 100% |
| 10 | South Dakota Development Certified development company · Sioux Falls, SD | 1 | $730K | $730,000 | 0% |
| 11 | Bravera Bank Bank · Dickinson, ND | 1 | $286K | $286,200 | 0% |
| 12 | Black Hills FCU Credit union · Rapid City, SD | 1 | $50K | $50,000 | 100% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Restaurants and hotels | 9 | $320,000 | Stearns Bank | |
| Construction | 9 | $150,000 | Northeast Bank | |
| Health care and social assistance | 7 | $157,000 | Pioneer Bank & Trust | |
| Other services (repair, personal care) | 5 | $696,100 | First Interstate Bank | |
| Retail | 3 | $49,000 | Pioneer Bank & Trust | |
| Arts, entertainment and recreation | 2 | $63,800 | Pioneer Bank & Trust | |
| Administrative and support services | 1 | $10,000 | Wells Fargo Bank | |
| Management of companies | 1 | $60,000 | First National Bank |