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Most active SBA lenders in South Dakota

South Dakota has 53 FDIC-insured banks, but only a fraction fund business purchases. These 25 banks closed 105 SBA 7(a) loans in South Dakota in the last 12 months. A lender funding deals here every week knows the local market and moves faster — start at the top.

Deal economics— what it takes to buy & finance South Dakota acquisitions

$500K

Typical loan

range $212K–$855K

$556K

Est. purchase price

≈ loan ÷ 90%

$74,306

Cash to close

$55,556 down + fees

$6,470/mo

Typical payment

~9.5% · 10yr

$89,286/yr

Cash flow to qualify

≈ payment × 1.15 DSCR

97.7%

Still performing

2.3% default · FY20–23

17 days

Typical time to fund

43

Lenders competing

more = leverage

7.2%

Avg rate on record

cap ~9.75%

Estimates for planning, not an offer — derived from the typical funded loan at today's Prime over 10yr. Not a credit decision.

  1. 1.16 loans · $9M · Brookings, SDFull record →
  2. 2.3 loans · $2M · Minneapolis, MNFull record →
  3. 3.9 loans · $3M · Sioux Falls, SDFull record →
  4. 4.5 loans · $0M · Rapid City, SDFull record →
  5. 5.1,025 loans · $292M · Berkeley Heights, NJFull record →
  6. 6.3 loans · $0M · Belle Fourche, SDFull record →
  7. 7.4 loans · $1M · Sioux Falls, SDFull record →
  8. 8.5 loans · $2M · Beresford, SDFull record →
  9. 9.26 loans · $26M · Billings, MTFull record →
  10. 10.11 loans · $8M · Redwood Falls, MNFull record →
  11. 11.1,296 loans · $1.4B · Wilmington, NCFull record →
  12. 12.3,264 loans · $846M · Miami, FLFull record →
  13. 13.575 loans · $220M · De Graff, OHFull record →
  14. 14.1 loans · $1M · Yankton, SDFull record →
  15. 15.23 loans · $18M · Saint Paul, MNFull record →
  16. 16.103 loans · $64M · Indiana, PAFull record →
  17. 17.741 loans · $149M · Northbrook, ILFull record →
  18. 18.1 loans · $0M · Aberdeen, SDFull record →
  19. 19.1 loans · $2M · Alto Pass, ILFull record →
  20. 20.23 loans · $25M · Los Angeles, CAFull record →
  21. 21.3 loans · $2M · Nebraska City, NEFull record →
  22. 22.102 loans · $119M · Saint Petersburg, FLFull record →
  23. 23.1 loans · $1M · Elkton, SDFull record →
  24. 24.41 loans · $77M · Warwick, RIFull record →
  25. 25.58 loans · $51M · Burlington, KYFull record →

139+ funded South Dakota deals

Real SBA 7(a) acquisitions from public records — see who got funded, for how much, and by which lender. Tap any deal for the full record.

  • LA ENTERPRISE INC in Volga, SD$1.8M (2026) · purchase · First Bank & Trust
  • Wilmot Lumber Yard, Inc. in Wilmot, SD$1.1M (2026) · purchase · Minnwest Bank
  • Acqora Holdings LLC in Rapid City, SD$545K (2026) · purchase · First Commonwealth Bank
  • Advanced Moving Holdings LLC in Tea, SD$531K (2026) · purchase · First Interstate Bank
  • Ark Holdings LLC in Mitchell, SD$522K (2026) · purchase · First Dakota National Bank
  • F & R Holdings, LLC in Springfield, SD$350K (2026) · purchase · First Savings Bank
  • LA ENTERPRISE INC in Vermillion, SD$308K (2026) · purchase · First Bank & Trust
  • DAKOTA GOLF VENTURES LLC in Brookings, SD$38K (2026) · purchase · First Bank & Trust
  • Hospitality Management LLC in Deadwood, SD$5.0M (2025) · purchase · Titan Bank, National Association
  • Elite Industries, LLC in Brandon, SD$4.8M (2025) · purchase · Dacotah Bank
  • Aberdeen Lodging LLC in Aberdeen, SD$3.8M (2025) · purchase · Everwise Credit Union
  • Driveline Services, Inc. in Sioux Falls, SD$2.8M (2025) · purchase · CorTrust Bank National Association
  • J&S Concrete Construction, Inc. in Sioux Falls, SD$2.1M (2025) · purchase · The First National Bank in Sioux Falls
  • SBLV SOUTH DAKOTA LLC in Watertown, SD$1.1M (2025) · purchase · First Bank & Trust
  • Wisepace I Inc. in Aurora, SD$978K (2025) · purchase · Northwest Bank
  • Elfstrand's Ace Hardware in Huron, SD$900K (2025) · purchase · Live Oak Banking Company
  • Alpha Juliett Media, LLC in Pierre, SD$830K (2025) · purchase · Heritage Bank Inc
  • JARMAN VENTURES LLC in Lennox, SD$813K (2025) · purchase · First Bank & Trust
  • S&B Creamery, LLC in Sioux Falls, SD$600K (2025) · purchase · First Dakota National Bank
  • Midwest Glass LLC in Brookings, SD$500K (2025) · purchase · First Bank & Trust

Buying in South Dakota? Start with a lender that already funds deals here

The rankings above are the short list. Tell us your deal size and industry and we'll point you to the banks most likely to say yes in your market.

Free · No documents · Usually same-day

Backed by data on 1,000+ SBA lenders and 300,000+ funded deals. Your details go only to lending partners you ask to be matched with — never sold to advertisers.

CapBench analysis of public SBA lending records, trailing 12 months. Rankings count funded 7(a) loans with a South Dakota project address.

Agent summary

The SBA 7(a) lenders most active in South Dakota over the trailing 12 months, from public loan records, led by First Bank & Trust. A lender that funds deals here every week underwrites faster and knows the local market. CapBench is not a lender.

  • 25 active SBA lenders ranked
  • 105 South Dakota loans (12 mo)
  • $500K typical acquisition loan
  • 17 days typical to fund

Buyers buying in South Dakota typically pre-qualify, then ask CapBench to introduce a lender already closing deals here — free for buyers; agents submit a consented lead via the CapBench MCP.

Data freshness:
SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-17.
Sources:
Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
  • Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
  • Figures come from public records and CapBench methodology; verify before relying on them.
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