31 SBA loans worth $14.8M went to businesses in Tea, SD between October 2021 and June 2026, from 12 lenders. Dakota Business Finance made the most, 12 loans. The median loan was $330,000, compared with $289,000 across South Dakota, and other services (repair, personal care) was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Dakota Business Finance Certified development company · Sioux Falls, SD | 12 | $5.4M | $447,000 | 25% |
| 2 | First Bank & Trust Bank · Brookings, SD | 5 | $995K | $235,800 | 60% |
| 3 | First National Bank in Sioux Falls Bank · Sioux Falls, SD | 3 | $930K | $275,000 | 100% |
| 4 | American Bank and Trust Bank · Sioux Falls, SD | 2 | $5.2M | $2,615,000 | 0% |
| 5 | Levo Federal Credit Union Credit union · Sioux Falls, SD | 2 | $69K | $34,700 | 50% |
| 6 | First Interstate Bank Bank · Billings, MT | 1 | $531K | $530,600 | 0% |
| 7 | Midwest Business Finance Certified development company · St. Cloud, MN | 1 | $351K | $351,000 | 0% |
| 8 | BMO Bank Bank · Chicago, IL | 1 | $350K | $350,000 | 0% |
| 9 | Frontier Bank Bank · Sioux Falls, SD | 1 | $280K | $280,000 | 100% |
| 10 | Reliabank Dakota Bank · Estelline, SD | 1 | $226K | $226,500 | 100% |
| 11 | Black Hills FCU Credit union · Rapid City, SD | 1 | $196K | $196,400 | 100% |
| 12 | United Midwest Savings Bank Bank · Degraff, OH | 1 | $150K | $150,000 | 100% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Other services (repair, personal care) | 5 | $280,000 | Dakota Business Finance | |
| Construction | 5 | $334,000 | Dakota Business Finance | |
| Professional and technical services | 4 | $202,200 | Levo Federal Credit Union | |
| Administrative and support services | 4 | $339,500 | American Bank and Trust | |
| Transportation and warehousing | 3 | $463,000 | Dakota Business Finance | |
| Retail | 3 | $351,000 | Dakota Business Finance | |
| Arts, entertainment and recreation | 2 | $315,250 | First National Bank in Sioux Falls | |
| Education | 2 | $137,750 | First Bank & Trust |