SBA loans in South Dakota, FY2017

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 FY2017 (1 October 2016 to 30 September 2017) SBA approved 205 loans in South Dakota: 139 under 7(a) and 66 under 504, worth $90.1M.

That is up 13% on FY2016, when there were 182 approvals worth $71.4M.

South Dakota accounted for 0.3% of the 68,648 approvals nationwide that year. 38 lenders had at least one approval in the state; Dakota Business Finance had the most, 36.

205approvalsFY2016: 182

$90.1Mdollars approvedFY2016: $71.4M

$149Kmedian 7(a) approvalFY2016: $150K

38lenders with an approval

2,043jobs 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 38 lenders with the most approvals to South Dakota businesses in FY2017, of 38 active.

#	Lender	Program	Approvals	Dollars	Share of state	FY2016	Change
1	Dakota Business Finance	504	36	$23.2M	17.6%	21	+15
2	Wells Fargo Bank National Association	7(a)	34	$17.1M	16.6%	40	-6
3	Ally Dakota Development, Inc.	504	24	$11.5M	11.7%	23	+1
4	The First National Bank in Sioux Falls	7(a)	13	$2.4M	6.3%	7	+6
5	Black Hills FCU	7(a)	13	$935K	6.3%	16	-3
6	U.S. Bank, National Association	7(a)	9	$2.0M	4.4%	7	+2
7	First Interstate Bank	7(a)	9	$1.3M	4.4%	15	-6
8	Dacotah Bank	7(a)	8	$1.8M	3.9%	6	+2
9	First National Bank of Omaha	7(a)	7	$2.8M	3.4%	4	+3
10	Minnwest Bank	7(a)	5	$3.1M	2.4%	6	-1
11	Highmark FCU	7(a)	4	$1.8M	2.0%	1	+3
12	First Savings Bank	7(a)	4	$514K	2.0%	2	+2
13	South Dakota Development Corporation	504	3	$2.7M	1.5%	2	+1
14	First National Bank	7(a)	3	$839K	1.5%	0	new
15	Liberty National Bank	7(a)	3	$345K	1.5%	0	new
16	First Dakota National Bank	7(a)	2	—	1.0%	1	+1
17	One American Bank	7(a)	2	—	1.0%	1	+1
18	BankWest, Inc	7(a)	2	—	1.0%	0	new
19	American Bank and Trust	7(a)	2	—	1.0%	0	new
20	First PREMIER Bank	7(a)	2	—	1.0%	5	-3
21	Pioneer Bank & Trust	7(a)	2	—	1.0%	2	0
22	Voyage Federal Credit Union	7(a)	2	—	1.0%	0	new
23	Live Oak Banking Company	7(a)	1	—	0.5%	1	0
24	GBank	7(a)	1	—	0.5%	0	new
25	GBC International Bank	7(a)	1	—	0.5%	1	0
26	Reliabank Dakota	7(a)	1	—	0.5%	1	0
27	Dakota Business Lending	504	1	—	0.5%	0	new
28	CRF Small Business Loan Company, LLC	7(a)	1	—	0.5%	0	new
29	Midwest Business Finance Corporation	504	1	—	0.5%	1	0
30	Siouxland Economic Development Corporation	504	1	—	0.5%	0	new
31	Happen Bank	7(a)	1	—	0.5%	0	new
32	Plains Commerce Bank	7(a)	1	—	0.5%	2	-1
33	United Community Bank	7(a)	1	—	0.5%	0	new
34	Stearns Bank National Association	7(a)	1	—	0.5%	2	-1
35	BMO Bank National Association	7(a)	1	—	0.5%	0	new
36	Central Bank	7(a)	1	—	0.5%	0	new
37	BayFirst National Bank	7(a)	1	—	0.5%	2	-1
38	Midwest Heritage Bank, F.S.B.	7(a)	1	—	0.5%	0	new

Approvals by county

#	County	Approvals	Dollars	Share of state	FY2016	Change
1	Minnehaha County	71	$34.8M	34.6%	58	+13
2	Pennington County	41	$20.5M	20.0%	20	+21
3	Lincoln County	22	$6.8M	10.7%	20	+2
4	Lawrence County	7	$2.3M	3.4%	12	-5
5	Hughes County	6	$1.8M	2.9%	2	+4
6	Meade County	6	$4.4M	2.9%	5	+1
7	Codington County	5	$1.2M	2.4%	5	0
8	Brookings County	4	$698K	2.0%	8	-4
9	Union County	4	$2.9M	2.0%	6	-2
10	Yankton County	3	$1.7M	1.5%	0	new
11	Davison County	3	$2.6M	1.5%	6	-3
12	Brown County	3	$292K	1.5%	11	-8
13	Hanson County	3	$318K	1.5%	1	+2
14	Potter County	3	$853K	1.5%	0	new
15	Stanley County	2	—	1.0%	0	new
16	Fall River County	2	—	1.0%	2	0
17	Charles Mix County	2	—	1.0%	0	new
18	Custer County	2	—	1.0%	3	-1
19	Beadle County	2	—	1.0%	1	+1
20	Grant County	2	—	1.0%	0	new
21	Lake County	1	—	0.5%	3	-2
22	Clay County	1	—	0.5%	0	new
23	Butte County	1	—	0.5%	0	new
24	Jackson County	1	—	0.5%	1	0
25	McCook County	1	—	0.5%	0	new
26	Kingsbury County	1	—	0.5%	0	new
27	Turner County	1	—	0.5%	0	new
28	Perkins County	1	—	0.5%	2	-1
29	Moody County	1	—	0.5%	1	0
30	Bon Homme County	1	—	0.5%	0	new
31	Brule County	1	—	0.5%	1	0
32	Mellette County	1	—	0.5%	0	new

FY2017 against FY2016

South Dakota	FY2017	FY2016
7(a) approvals	139	135
7(a) dollars	$50.8M	$49.6M
Median 7(a) approval	$149K	$150K
504 approvals	66	47
504 dollars	$39.4M	$21.8M
Jobs supported, as reported	2,043	1,603

Questions and answers

Which lenders made the most SBA loans in South Dakota in FY2017?

Dakota Business Finance (36), Wells Fargo Bank National Association (34), Ally Dakota Development, Inc. (24), The First National Bank in Sioux Falls (13), Black Hills FCU (13). 38 lenders had at least one approval.

How many SBA loans were approved in South Dakota in FY2017?

205: 139 under 7(a) worth $50.8M and 66 under 504 worth $39.4M.

Which South Dakota counties had the most SBA approvals in FY2017?

Minnehaha County (71), Pennington County (41), Lincoln County (22), Lawrence County (7), Hughes County (6).

When does FY2017 start and end?

The federal fiscal year 2017 runs from 1 October 2016 to 30 September 2017.

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