Lenders › Ally Dakota Development, Inc.
504 CDCRapid City, South Dakotacertified development company59th of 182 by approvals
Ally Dakota Development, Inc.
SBA 504 loan approvals by fiscal year, where they went, how large they were, and how loans from earlier years turned out.
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.
Ally Dakota Development, Inc. (Rapid City, South Dakota) is a certified development company (CDC) that makes SBA 504 loans, 59th of 182 by approvals in FY2021 to FY2025: 136 loans worth $84.3M.
In FY2025, the latest complete fiscal year, it had 16 approvals totalling $11.6M, up 23% on FY2024 (13). FY2026 to 30 Jun 2026 adds 19 more.
The median approval was $390K, against $657K for the 504 program as a whole; 10.3% of its approvals were for $150,000 or less (program: 4.6%).
Its loans went to businesses in 1 state or territory and 26 counties, led by South Dakota (100.0%). The largest industry group was health care and social assistance at 16.2% of approvals, and 11.8% of approvals were to franchise businesses.
Of 323 disbursed loans approved in FY2010 to FY2021, SBA records 5 as charged off (1.5%), 141 as paid in full and 177 still outstanding; the 504 program figure for the same approval years is 1.2%, so the rate here is close to it.
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. Loans appear under the lender they are assigned to today, so a lender's figures include loans it took over. Data through 30 Jun 2026.
Approvals by fiscal year
| Fiscal year | Approvals | Dollars approved | Median approval | Average approval | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 19 | $15.4M | $357K | $813K | 106 |
| FY2025 | 16 | $11.6M | $443K | $724K | 86 |
| FY2024 | 13 | $7.4M | $414K | $568K | 63 |
| FY2023 | 21 | $18.4M | $432K | $874K | 139 |
| FY2022 | 30 | $19.2M | $393K | $641K | 160 |
| FY2021 | 56 | $27.7M | $339K | $495K | 317 |
| FY2020 | 32 | $15.2M | $348K | $474K | 145 |
| FY2019 | 21 | $11.9M | $394K | $565K | 99 |
| FY2018 | 36 | $18.9M | $349K | $525K | 165 |
| FY2017 | 25 | $11.6M | $270K | $465K | 220 |
| FY2016 | 25 | $6.7M | $203K | $270K | 113 |
Approvals are counted in the year SBA approved them and include approvals later cancelled. In the five fiscal years before the current window (FY2016–FY2020) the lender had 139 approvals. First approval on file: FY2010.
How earlier loans turned out
Only loans approved at least five fiscal years ago (FY2010–FY2021) are counted, because newer loans have had little time to be paid in full or charged off. "Charged off" is SBA's status for a loan on which it has written off the remaining balance.
| Loans approved FY2010–FY2021 | This lender | South Dakota | 504 program |
|---|---|---|---|
| Approvals in these years | 355 | 865 | 85,591 |
| Cancelled or never disbursed | 32 | 110 | 12,514 |
| Disbursed loans | 323 | 755 | 73,077 |
| Paid in full | 141 | 345 | 35,491 |
| Charged off | 5 | 13 | 905 |
| Still outstanding (status exempt from disclosure) | 177 | 397 | 36,681 |
| Charged off, share of disbursed loans | 1.5% | 1.7% | 1.2% |
| Dollars charged off, share of disbursed dollars | 1.0% | 3.2% | 0.9% |
| Dollars charged off | $1.8M | $13.5M | $499M |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 504 program, same year |
|---|---|---|---|---|---|
| FY2021 | 50 | 7 | 0 | 0.0% | 0.1% |
| FY2020 | 29 | 4 | 0 | — | 0.1% |
| FY2019 | 20 | 0 | 0 | — | 0.3% |
| FY2018 | 31 | 8 | 1 | 3.2% | 0.4% |
| FY2017 | 25 | 7 | 0 | — | 0.8% |
| FY2016 | 22 | 14 | 0 | — | 1.0% |
| FY2015 | 18 | 12 | 0 | — | 1.2% |
| FY2014 | 14 | 9 | 1 | — | 1.3% |
| FY2013 | 24 | 16 | 1 | — | 1.4% |
| FY2012 | 38 | 25 | 0 | 0.0% | 2.0% |
| FY2011 | 26 | 18 | 0 | — | 2.1% |
| FY2010 | 26 | 21 | 2 | — | 3.4% |
A share is shown only where at least 30 loans from that year were disbursed.
Against the 504 program
| FY2021–FY2025 | This lender | 504 program |
|---|---|---|
| Median approval | $390K | $657K |
| Average approval | $620K | $1.0M |
| Approvals of $150,000 or less | 10.3% | 4.6% |
| Approvals to startups and businesses 2 years old or less | 21.3% | 14.4% |
| Approvals to franchise businesses | 11.8% | 9.0% |
| Jobs supported per approval, as reported | 5.6 | 10.1 |
| Charged off, loans approved FY2010–FY2021 | 1.5% | 1.2% |
States served
| # | State of the business (1 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | South Dakota | 136 | $84.3M | 100.0% |
In South Dakota the lender accounts for 27.1% of all 504 approvals in FY2021–FY2025.
Counties served
| # | County of the business (26 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Pennington County, SD | 44 | $30.3M | 32.4% | |
| 2 | Minnehaha County, SD | 11 | $13.3M | 8.1% | |
| 3 | Meade County, SD | 10 | $8.1M | 7.4% | |
| 4 | Codington County, SD | 10 | $4.2M | 7.4% | |
| 5 | Brookings County, SD | 9 | $4.2M | 6.6% | |
| 6 | Lawrence County, SD | 9 | $4.2M | 6.6% | |
| 7 | Spink County, SD | 5 | $1.2M | 3.7% | |
| 8 | Stanley County, SD | 4 | $1.9M | 2.9% | |
| 9 | Hamlin County, SD | 4 | $1.6M | 2.9% | |
| 10 | Brown County, SD | 3 | $1.7M | 2.2% | |
| 11 | Hughes County, SD | 3 | $980K | 2.2% | |
| 12 | Custer County, SD | 3 | $882K | 2.2% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Health Care and Social Assistance | 22 | 16.2% | |
| 2 | Accommodation and Food Services | 20 | 14.7% | |
| 3 | Other Services (except Public Administration) | 20 | 14.7% | |
| 4 | Retail Trade | 16 | 11.8% | |
| 5 | Construction | 16 | 11.8% | |
| 6 | Manufacturing | 10 | 7.4% | |
| 7 | Real Estate and Rental and Leasing | 9 | 6.6% | |
| 8 | Professional, Scientific, and Technical Services | 6 | 4.4% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 13 | 9.6% | |
| 2 | Automotive Repair and MaintenanceNAICS 8111 | 13 | 9.6% | |
| 3 | Offices of Other Health PractitionersNAICS 6213 | 10 | 7.4% | |
| 4 | Lessors of Real EstateNAICS 5311 | 6 | 4.4% | |
| 5 | Traveler AccommodationNAICS 7211 | 5 | 3.7% | |
| 6 | Offices of DentistsNAICS 6212 | 5 | 3.7% | |
| 7 | Other Specialty Trade ContractorsNAICS 2389 | 4 | 2.9% | |
| 8 | Continuing Care Retirement Communities and Assisted Living Facilities for the ElderlyNAICS 6233 | 4 | 2.9% | |
| 9 | Furniture StoresNAICS 4421 | 3 | 2.2% | |
| 10 | Other Amusement and Recreation IndustriesNAICS 7139 | 3 | 2.2% |
Approval sizes
- $50,001 to $150,00010.3%14
- $150,001 to $350,00033.8%46
- $350,001 to $1 million41.2%56
- $1 million to $2 million9.6%13
- Over $2 million5.1%7
Loan terms
- Over 5 to 10 years2.9%4
- Over 10 to 20 years22.8%31
- Over 20 years74.3%101
Age of the businesses
- Existing, more than 2 years old73.5%100
- New business, 2 years or less0.7%1
- Startup, loan funds will open the business20.6%28
- Change of ownership5.1%7
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accredited Lenders Program | 107 | 78.7% | |
| 2 | ALP Express | 19 | 14.0% | |
| 3 | 504 Refinancing Program | 10 | 7.4% |
Franchise share
16 of 136 approvals in FY2021–FY2025 (11.8%) carried an SBA franchise code; across the 504 program the share is 9.0%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Harms Oil Company | 3 | 2.2% | |
| 2 | Once Upon A Child | 1 | 0.7% | |
| 3 | DQ Grill & Chill Operating Agreement | 1 | 0.7% | |
| 4 | Phillips 66 Branded Reseller Agreement | 1 | 0.7% | |
| 5 | Popeyes Louisiana Kitchen | 1 | 0.7% | |
| 6 | A&w | 1 | 0.7% | |
| 7 | Rhino Linings | 1 | 0.7% | |
| 8 | Slumberland Furniture | 1 | 0.7% |
Third-party lenders in its 504 projects
A 504 project pairs the CDC's loan with a larger loan from a bank or other lender. Banks and credit unions named on five or more of this CDC's projects in FY2021–FY2025:
| # | Third-party lender | Projects | Share | |
|---|---|---|---|---|
| 1 | First National Bank | 15 | 11.0% | |
| 2 | First Interstate Bank | 15 | 11.0% | |
| 3 | Dacotah Bank | 12 | 8.8% | |
| 4 | Pioneer Bank & Trust | 11 | 8.1% | |
| 5 | American Bank and Trust | 9 | 6.6% | |
| 6 | First Bank & Trust | 7 | 5.1% | |
| 7 | Black Hills Community Bank, National Association | 7 | 5.1% | |
| 8 | First PREMIER Bank | 7 | 5.1% | |
| 9 | BankWest, Inc | 6 | 4.4% | |
| 10 | Black Hills FCU | 6 | 4.4% |
Questions and answers
How many SBA loans does Ally Dakota Development, Inc. make?
SBA approved 16 504 loans through Ally Dakota Development, Inc. in FY2025, worth $11.6M, and 136 over FY2021 to FY2025. That ranks 59th of 182 active CDCs by number of approvals.
How large are Ally Dakota Development, Inc.'s typical SBA loans?
The median 504 approval in FY2021 to FY2025 was $390K and the average $620K. The program-wide median was $657K.
What is Ally Dakota Development, Inc.'s charge-off rate?
Of 323 disbursed loans approved in FY2010 to FY2021, SBA records 5 as charged off (1.5%), 141 as paid in full and 177 still outstanding; the 504 program figure for the same approval years is 1.2%, so the rate here is close to it. Loans are listed under the lender that holds them today, so the figure includes loans taken over from other lenders. Status is as recorded by SBA on 30 Jun 2026.
Which industries does Ally Dakota Development, Inc. lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (13); automotive repair and maintenance (13); offices of other health practitioners (10); lessors of real estate (6).
Where does Ally Dakota Development, Inc. make SBA loans?
In 1 state or territory. South Dakota 136. In South Dakota it accounts for 27.1% of all 504 approvals.
Is Ally Dakota Development, Inc.'s SBA lending rising?
Approvals in the three latest complete fiscal years total 50, against 118 in the three before: falling (-58%).
Where does this data come from?
From the Small Business Administration's 7(a) and 504 FOIA loan files, as of 30 Jun 2026. Borrower names and addresses in those files are discarded when the files are read and appear nowhere on this site.
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. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error