SBA loans in South Dakota, FY2016

That fiscal year's approvals by lender and by county.

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.

In FY2016 (1 October 2015 to 30 September 2016) SBA approved 182 loans in South Dakota: 135 under 7(a) and 47 under 504, worth $71.4M.

That is about level with FY2015, when there were 188 approvals worth $87.9M.

South Dakota accounted for 0.3% of the 70,012 approvals nationwide that year. 35 lenders had at least one approval in the state; Wells Fargo Bank National Association had the most, 40.

182approvalsFY2015: 188

$71.4Mdollars approvedFY2015: $87.9M

$150Kmedian 7(a) approvalFY2015: $112K

35lenders with an approval

1,603jobs supported, as reported

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.

Approvals by lender

The 35 lenders with the most approvals to South Dakota businesses in FY2016, of 35 active.

#	Lender	Program	Approvals	Dollars	Share of state	FY2015	Change
1	Wells Fargo Bank National Association	7(a)	40	$11.5M	22.0%	34	+6
2	Ally Dakota Development, Inc.	504	23	$6.2M	12.6%	21	+2
3	Dakota Business Finance	504	21	$12.2M	11.5%	28	-7
4	Black Hills FCU	7(a)	16	$5.5M	8.8%	10	+6
5	First Interstate Bank	7(a)	15	$9.0M	8.2%	9	+6
6	The First National Bank in Sioux Falls	7(a)	7	$2.5M	3.8%	5	+2
7	U.S. Bank, National Association	7(a)	7	$651K	3.8%	10	-3
8	Minnwest Bank	7(a)	6	$2.9M	3.3%	7	-1
9	Dacotah Bank	7(a)	6	$1.7M	3.3%	4	+2
10	First PREMIER Bank	7(a)	5	$941K	2.7%	6	-1
11	First National Bank of Omaha	7(a)	4	$600K	2.2%	0	new
12	Greater Nevada CU	7(a)	2	—	1.1%	0	new
13	South Dakota Development Corporation	504	2	—	1.1%	5	-3
14	Old National Bank	7(a)	2	—	1.1%	2	0
15	Stearns Bank National Association	7(a)	2	—	1.1%	0	new
16	Pioneer Bank & Trust	7(a)	2	—	1.1%	1	+1
17	BayFirst National Bank	7(a)	2	—	1.1%	0	new
18	First Savings Bank	7(a)	2	—	1.1%	3	-1
19	Plains Commerce Bank	7(a)	2	—	1.1%	1	+1
20	GBC International Bank	7(a)	1	—	0.5%	1	0
21	First Security Bank of Nevada	7(a)	1	—	0.5%	0	new
22	Dakota Plains FCU	7(a)	1	—	0.5%	0	new
23	Live Oak Banking Company	7(a)	1	—	0.5%	0	new
24	One American Bank	7(a)	1	—	0.5%	2	-1
25	1st Financial Bank USA	7(a)	1	—	0.5%	0	new
26	Highmark FCU	7(a)	1	—	0.5%	0	new
27	Midwest Business Finance Corporation	504	1	—	0.5%	5	-4
28	First Dakota National Bank	7(a)	1	—	0.5%	2	-1
29	Premier Bank	7(a)	1	—	0.5%	2	-1
30	Independence Bank	7(a)	1	—	0.5%	0	new
31	Northwest Bank	7(a)	1	—	0.5%	0	new
32	United Bank of Iowa	7(a)	1	—	0.5%	0	new
33	Celtic Bank Corporation	7(a)	1	—	0.5%	5	-4
34	Reliabank Dakota	7(a)	1	—	0.5%	3	-2
35	Security Bank	7(a)	1	—	0.5%	0	new

Approvals by county

#	County	Approvals	Dollars	Share of state	FY2015	Change
1	Minnehaha County	58	$20.2M	31.9%	61	-3
2	Pennington County	20	$10.6M	11.0%	23	-3
3	Lincoln County	20	$3.3M	11.0%	24	-4
4	Lawrence County	12	$7.7M	6.6%	6	+6
5	Brown County	11	$4.5M	6.0%	14	-3
6	Brookings County	8	$2.4M	4.4%	5	+3
7	Davison County	6	$1.5M	3.3%	5	+1
8	Union County	6	$4.5M	3.3%	7	-1
9	Codington County	5	$1.9M	2.7%	4	+1
10	Meade County	5	$1.2M	2.7%	9	-4
11	Walworth County	4	$669K	2.2%	0	new
12	Lake County	3	$964K	1.6%	3	0
13	Custer County	3	$1.9M	1.6%	0	new
14	Hughes County	2	—	1.1%	3	-1
15	Fall River County	2	—	1.1%	2	0
16	Perkins County	2	—	1.1%	0	new
17	Douglas County	2	—	1.1%	0	new
18	Spink County	1	—	0.5%	1	0
19	Marshall County	1	—	0.5%	0	new
20	Hutchinson County	1	—	0.5%	1	0
21	Jackson County	1	—	0.5%	0	new
22	Edmunds County	1	—	0.5%	0	new
23	Roberts County	1	—	0.5%	0	new
24	Beadle County	1	—	0.5%	2	-1
25	Hamlin County	1	—	0.5%	0	new
26	Moody County	1	—	0.5%	0	new
27	Hanson County	1	—	0.5%	1	0
28	Dewey County	1	—	0.5%	1	0
29	Brule County	1	—	0.5%	0	new
30	Corson County	1	—	0.5%	0	new

FY2016 against FY2015

South Dakota	FY2016	FY2015
7(a) approvals	135	129
7(a) dollars	$49.6M	$45.2M
Median 7(a) approval	$150K	$112K
504 approvals	47	59
504 dollars	$21.8M	$42.7M
Jobs supported, as reported	1,603	1,752

Questions and answers

Which lenders made the most SBA loans in South Dakota in FY2016?

Wells Fargo Bank National Association (40), Ally Dakota Development, Inc. (23), Dakota Business Finance (21), Black Hills FCU (16), First Interstate Bank (15). 35 lenders had at least one approval.

How many SBA loans were approved in South Dakota in FY2016?

182: 135 under 7(a) worth $49.6M and 47 under 504 worth $21.8M.

Which South Dakota counties had the most SBA approvals in FY2016?

Minnehaha County (58), Pennington County (20), Lincoln County (20), Lawrence County (12), Brown County (11).

When does FY2016 start and end?

The federal fiscal year 2016 runs from 1 October 2015 to 30 September 2016.

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