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County4th of 46 in South Dakota by approvalsFIPS 46081
SBA loans in Lawrence County, South Dakota
7(a) and 504 approvals to businesses located in the county, set against the number of businesses there and against the state.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
Businesses in Lawrence County, South Dakota, received 72 SBA loan approvals worth $29.1M in FY2021 to FY2025 (60 7(a), 12 504).
That is 57.7 approvals per 1,000 business establishments (1,248 establishments in 2023), above the South Dakota figure of 42.5 and above the national 41.0.
It ranks 4th of 46 South Dakota counties with approvals. In FY2025 there were 16, up 60% on FY2024.
18 lenders had approvals here; the most active were First National Bank (20), Ally Dakota Development, Inc. (9) and First Interstate Bank (8). The most common industry was residential building construction.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.
Lenders most active in Lawrence County
By number of approvals to businesses in the county, FY2021–FY2025; 18 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | First National BankFort Pierre, SD | 20 | $3.6M | 27.8% | |
| 2 | Ally Dakota Development, Inc.Rapid City, SD · CDC | 9 | $4.2M | 12.5% | |
| 3 | First Interstate BankBillings, MT | 8 | $4.4M | 11.1% | |
| 4 | Pioneer Bank & TrustBelle Fourche, SD | 7 | $1.0M | 9.7% | |
| 5 | Northeast BankLewiston, ME | 6 | $1.1M | 8.3% | |
| 6 | Highmark FCURapid City, SD | 5 | $823K | 6.9% | |
| 7 | Wells Fargo Bank National AssociationSioux Falls, SD | 4 | $75K | 5.6% | |
| 8 | South Dakota Development CorporationSioux Falls, SD · CDC | 2 | — | 2.8% | |
| 9 | Stearns Bank National AssociationSaint Cloud, MN | 2 | — | 2.8% | |
| 10 | Titan Bank, National AssociationMineral Wells, TX | 1 | — | 1.4% | |
| 11 | Legends West BankLewellen, NE | 1 | — | 1.4% | |
| 12 | Farmers State Bank of Alto Pass, IllinoisAlto Pass, IL | 1 | — | 1.4% | |
| 13 | FDIC - Community Bank & Trust-West GeorgiaLagrange, GA | 1 | — | 1.4% | |
| 14 | Dakota Business FinanceSioux Falls, SD · CDC | 1 | — | 1.4% | |
| 15 | Bravera BankDickinson, ND | 1 | — | 1.4% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Residential Building ConstructionNAICS 2361 | 11 | 15.3% | |
| 2 | Offices of Other Health PractitionersNAICS 6213 | 8 | 11.1% | |
| 3 | Traveler AccommodationNAICS 7211 | 5 | 6.9% | |
| 4 | Restaurants and Other Eating PlacesNAICS 7225 | 5 | 6.9% | |
| 5 | LoggingNAICS 1133 | 5 | 6.9% | |
| 6 | Drinking Places (Alcoholic Beverages)NAICS 7224 | 4 | 5.6% | |
| 7 | Other Personal ServicesNAICS 8129 | 3 | 4.2% | |
| 8 | Other Specialty Trade ContractorsNAICS 2389 | 3 | 4.2% | |
| 9 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 3 | 4.2% | |
| 10 | RV (Recreational Vehicle) Parks and Recreational CampsNAICS 7212 | 2 | 2.8% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 18 | 25.0% | |
| 2 | Accommodation and Food Services | 17 | 23.6% | |
| 3 | Health Care and Social Assistance | 9 | 12.5% | |
| 4 | Other Services (except Public Administration) | 6 | 8.3% | |
| 5 | Agriculture, Forestry, Fishing and Hunting | 5 | 6.9% | |
| 6 | Manufacturing | 5 | 6.9% | |
| 7 | Retail Trade | 4 | 5.6% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 2 | 2.8% |
Approvals by fiscal year
| Fiscal year | 7(a) approvals | 7(a) dollars | Median 7(a) | 504 approvals | 504 dollars | All approvals | Jobs supported, as reported |
|---|---|---|---|---|---|---|---|
| FY2026* | 4 | $441K | $90K | 1 | — | 5 | 34 |
| FY2025 | 15 | $9.2M | $150K | 1 | — | 16 | 121 |
| FY2024 | 8 | $3.4M | $75K | 2 | — | 10 | 43 |
| FY2023 | 7 | $1.2M | $185K | 2 | — | 9 | 76 |
| FY2022 | 13 | $4.7M | $150K | 1 | — | 14 | 184 |
| FY2021 | 17 | $4.8M | $150K | 6 | $2.3M | 23 | 135 |
| FY2020 | 11 | $3.7M | $262K | 3 | $1.1M | 14 | 88 |
| FY2019 | 6 | $1.4M | $189K | 2 | — | 8 | 51 |
| FY2018 | 7 | $1.8M | $75K | 2 | — | 9 | 35 |
| FY2017 | 5 | $1.5M | $330K | 2 | — | 7 | 16 |
| FY2016 | 7 | $6.6M | $300K | 5 | $1.1M | 12 | 104 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 50 approvals.
Against South Dakota and the country
| FY2021–FY2025 | Lawrence County | South Dakota | United States |
|---|---|---|---|
| Approvals | 72 | 1,237 | 342,825 |
| Approvals per 1,000 establishments | 57.7 | 42.5 | 41.0 |
| Median 7(a) approval | $150K | $150K | $190K |
| Median 504 approval | $413K | $463K | $657K |
| Average approval | $405K | $560K | $573K |
| 504 share of approvals | 16.7% | 40.5% | 11.0% |
| Jobs supported per approval, as reported | 7.8 | 9.0 | 10.5 |
| Share of state approvals | 5.8% | 100.0% | — |
Approval sizes
- $50,000 or less13.9%10
- $50,001 to $150,00031.9%23
- $150,001 to $350,00030.6%22
- $350,001 to $1 million13.9%10
- $1 million to $2 million5.6%4
- Over $2 million4.2%3
Age of the businesses
- Existing, more than 2 years old51.4%37
- New business, 2 years or less25.0%18
- Startup, loan funds will open the business11.1%8
- Change of ownership12.5%9
Questions and answers
Which lenders make the most SBA loans in Lawrence County?
By approvals in FY2021 to FY2025: First National Bank (20), Ally Dakota Development, Inc. (9), First Interstate Bank (8), Pioneer Bank & Trust (7), Northeast Bank (6). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Lawrence County?
The median 7(a) approval was $150K and the median 504 approval $413K; the South Dakota 7(a) median was $150K.
Which industries get the most SBA loans in Lawrence County?
Residential Building Construction (11); Offices of Other Health Practitioners (8); Traveler Accommodation (5); Restaurants and Other Eating Places (5); Logging (5).
Is SBA lending in Lawrence County rising?
Approvals in the three latest complete fiscal years total 35, against 51 in the three before: falling (-31%).
How does Lawrence County compare with the rest of South Dakota?
57.7 approvals per 1,000 establishments against 42.5 statewide, and 72 of the state's 1,237 approvals.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Establishment counts are from the Census Bureau's County Business Patterns 2023, which leaves out most farms, government and businesses without employees. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error