States › South Dakota › Meade County
County7th of 46 in South Dakota by approvalsFIPS 46093
SBA loans in Meade 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.
SBA approved 41 loans to businesses in Meade County, South Dakota, in FY2021 to FY2025, worth $17.0M: 26 under 7(a) and 15 under 504.
That is 50.9 approvals per 1,000 business establishments (805 establishments in 2023), above the South Dakota figure of 42.5 and above the national 41.0.
It ranks 7th of 46 South Dakota counties with approvals. In FY2025 there were 7.
9 lenders had approvals here; the most active were Ally Dakota Development, Inc. (10), Black Hills FCU (10) and First Interstate Bank (6). The most common industry was other specialty trade contractors.
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 Meade County
By number of approvals to businesses in the county, FY2021–FY2025; 9 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Ally Dakota Development, Inc.Rapid City, SD · CDC | 10 | $8.1M | 24.4% | |
| 2 | Black Hills FCURapid City, SD | 10 | $964K | 24.4% | |
| 3 | First Interstate BankBillings, MT | 6 | $2.8M | 14.6% | |
| 4 | Highmark FCURapid City, SD | 5 | $540K | 12.2% | |
| 5 | Dakota Business FinanceSioux Falls, SD · CDC | 3 | $1.0M | 7.3% | |
| 6 | South Dakota Development CorporationSioux Falls, SD · CDC | 2 | — | 4.9% | |
| 7 | First National BankFort Pierre, SD | 2 | — | 4.9% | |
| 8 | Pioneer Bank & TrustBelle Fourche, SD | 2 | — | 4.9% | |
| 9 | U.S. Bank, National AssociationCincinnati, OH | 1 | — | 2.4% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Other Specialty Trade ContractorsNAICS 2389 | 5 | 12.2% | |
| 2 | Restaurants and Other Eating PlacesNAICS 7225 | 4 | 9.8% | |
| 3 | Other Personal ServicesNAICS 8129 | 3 | 7.3% | |
| 4 | Traveler AccommodationNAICS 7211 | 2 | 4.9% | |
| 5 | Beverage ManufacturingNAICS 3121 | 2 | 4.9% | |
| 6 | Death Care ServicesNAICS 8122 | 2 | 4.9% | |
| 7 | Continuing Care Retirement Communities and Assisted Living Facilities for the ElderlyNAICS 6233 | 2 | 4.9% | |
| 8 | Other Amusement and Recreation IndustriesNAICS 7139 | 2 | 4.9% | |
| 9 | Architectural, Engineering, and Related ServicesNAICS 5413 | 2 | 4.9% | |
| 10 | Automotive Repair and MaintenanceNAICS 8111 | 2 | 4.9% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 8 | 19.5% | |
| 2 | Other Services (except Public Administration) | 8 | 19.5% | |
| 3 | Construction | 8 | 19.5% | |
| 4 | Manufacturing | 6 | 14.6% | |
| 5 | Health Care and Social Assistance | 3 | 7.3% | |
| 6 | Arts, Entertainment, and Recreation | 2 | 4.9% | |
| 7 | Professional, Scientific, and Technical Services | 2 | 4.9% | |
| 8 | Retail Trade | 1 | 2.4% |
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* | 1 | — | — | 5 | $5.7M | 6 | 56 |
| FY2025 | 3 | $958K | $50K | 4 | $4.1M | 7 | 29 |
| FY2024 | 3 | $978K | $360K | 1 | — | 4 | 28 |
| FY2023 | 8 | $2.1M | $234K | 4 | $2.7M | 12 | 95 |
| FY2022 | 8 | $1.9M | $111K | 3 | $1.5M | 11 | 84 |
| FY2021 | 4 | $95K | $25K | 3 | $2.2M | 7 | 55 |
| FY2020 | 4 | $1.9M | $275K | 1 | — | 5 | 24 |
| FY2019 | 3 | $383K | $28K | 3 | $2.3M | 6 | 71 |
| FY2018 | 2 | — | — | 1 | — | 3 | 18 |
| FY2017 | 4 | $3.8M | $689K | 2 | — | 6 | 60 |
| FY2016 | 3 | $878K | $229K | 2 | — | 5 | 12 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 25 approvals.
Against South Dakota and the country
| FY2021–FY2025 | Meade County | South Dakota | United States |
|---|---|---|---|
| Approvals | 41 | 1,237 | 342,825 |
| Approvals per 1,000 establishments | 50.9 | 42.5 | 41.0 |
| Median 7(a) approval | $98K | $150K | $190K |
| Median 504 approval | $519K | $463K | $657K |
| Average approval | $416K | $560K | $573K |
| 504 share of approvals | 36.6% | 40.5% | 11.0% |
| Jobs supported per approval, as reported | 7.1 | 9.0 | 10.5 |
| Share of state approvals | 3.3% | 100.0% | — |
Approval sizes
- $50,000 or less22.0%9
- $50,001 to $150,00017.1%7
- $150,001 to $350,00014.6%6
- $350,001 to $1 million36.6%15
- $1 million to $2 million7.3%3
- Over $2 million2.4%1
Age of the businesses
- Existing, more than 2 years old53.7%22
- New business, 2 years or less22.0%9
- Startup, loan funds will open the business24.4%10
Questions and answers
Which lenders make the most SBA loans in Meade County?
By approvals in FY2021 to FY2025: Ally Dakota Development, Inc. (10), Black Hills FCU (10), First Interstate Bank (6), Highmark FCU (5), Dakota Business Finance (3). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Meade County?
The median 7(a) approval was $98K and the median 504 approval $519K; the South Dakota 7(a) median was $150K.
Which industries get the most SBA loans in Meade County?
Other Specialty Trade Contractors (5); Restaurants and Other Eating Places (4); Other Personal Services (3); Traveler Accommodation (2); Beverage Manufacturing (2).
Is SBA lending in Meade County rising?
Approvals in the three latest complete fiscal years total 23, against 23 in the three before: broadly level (0%).
How does Meade County compare with the rest of South Dakota?
50.9 approvals per 1,000 establishments against 42.5 statewide, and 41 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