States › South Dakota › FY2026
FY2026 to date1 Oct 2025 – 30 Jun 2026
SBA loans in South Dakota, FY2026
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.
So far in FY2026 (1 October 2025 to 30 Jun 2026) SBA approved 145 loans in South Dakota: 86 under 7(a) and 59 under 504, worth $80.1M.
The fiscal year is still open, so these counts will grow with each quarterly release.
South Dakota accounted for 0.3% of the 45,283 approvals nationwide that year. 34 lenders had at least one approval in the state; Dakota Business Finance had the most, 30.
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 34 lenders with the most approvals to South Dakota businesses in FY2026, of 34 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2025 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Dakota Business Finance | 504 | 30 | $22.7M | 20.7% | 52 | — |
| 2 | Ally Dakota Development, Inc. | 504 | 19 | $15.4M | 13.1% | 16 | — |
| 3 | First Bank & Trust | 7(a) | 12 | $7.6M | 8.3% | 23 | — |
| 4 | The First National Bank in Sioux Falls | 7(a) | 12 | $4.2M | 8.3% | 22 | — |
| 5 | South Dakota Development Corporation | 504 | 9 | $5.5M | 6.2% | 24 | — |
| 6 | U.S. Bank, National Association | 7(a) | 6 | $964K | 4.1% | 20 | — |
| 7 | Black Hills FCU | 7(a) | 6 | $386K | 4.1% | 3 | — |
| 8 | First Savings Bank | 7(a) | 5 | $1.3M | 3.4% | 0 | — |
| 9 | First Interstate Bank | 7(a) | 4 | $4.8M | 2.8% | 5 | — |
| 10 | Northeast Bank | 7(a) | 4 | $698K | 2.8% | 20 | — |
| 11 | American Bank and Trust | 7(a) | 4 | $592K | 2.8% | 2 | — |
| 12 | Pioneer Bank & Trust | 7(a) | 4 | $310K | 2.8% | 2 | — |
| 13 | Minnwest Bank | 7(a) | 3 | $1.8M | 2.1% | 2 | — |
| 14 | Live Oak Banking Company | 7(a) | 2 | — | 1.4% | 3 | — |
| 15 | First Commonwealth Bank | 7(a) | 2 | — | 1.4% | 0 | — |
| 16 | Sunrise Banks National Association | 7(a) | 2 | — | 1.4% | 1 | — |
| 17 | United Midwest Savings Bank National Association | 7(a) | 2 | — | 1.4% | 2 | — |
| 18 | CenTrust Bank, A Division of SmartBiz Bank National Association | 7(a) | 2 | — | 1.4% | 0 | — |
| 19 | Newtek Bank, National Association | 7(a) | 2 | — | 1.4% | 4 | — |
| 20 | Shoreham Bank | 7(a) | 1 | — | 0.7% | 1 | — |
| 21 | Mabrey Bank | 7(a) | 1 | — | 0.7% | 0 | — |
| 22 | First National Bank | 7(a) | 1 | — | 0.7% | 1 | — |
| 23 | Climate First Bank | 7(a) | 1 | — | 0.7% | 0 | — |
| 24 | Readycap Lending, LLC | 7(a) | 1 | — | 0.7% | 6 | — |
| 25 | Enterprise Bank & Trust | 7(a) | 1 | — | 0.7% | 0 | — |
| 26 | BankStar Financial | 7(a) | 1 | — | 0.7% | 0 | — |
| 27 | Heritage Bank Inc | 7(a) | 1 | — | 0.7% | 1 | — |
| 28 | First Dakota National Bank | 7(a) | 1 | — | 0.7% | 2 | — |
| 29 | Grasshopper Bank National Association | 7(a) | 1 | — | 0.7% | 0 | — |
| 30 | Frontier Bank | 7(a) | 1 | — | 0.7% | 0 | — |
| 31 | Stearns Bank National Association | 7(a) | 1 | — | 0.7% | 4 | — |
| 32 | Dacotah Bank | 7(a) | 1 | — | 0.7% | 2 | — |
| 33 | Celtic Bank Corporation | 7(a) | 1 | — | 0.7% | 0 | — |
| 34 | Midwest Business Finance Corporation | 504 | 1 | — | 0.7% | 1 | — |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2025 | Change |
|---|---|---|---|---|---|---|
| 1 | Minnehaha County | 47 | $22.7M | 32.4% | 90 | — |
| 2 | Lincoln County | 27 | $16.8M | 18.6% | 37 | — |
| 3 | Pennington County | 13 | $4.2M | 9.0% | 33 | — |
| 4 | Brookings County | 6 | $5.0M | 4.1% | 12 | — |
| 5 | Meade County | 6 | $6.3M | 4.1% | 7 | — |
| 6 | Lawrence County | 5 | $598K | 3.4% | 16 | — |
| 7 | Brown County | 5 | $6.1M | 3.4% | 9 | — |
| 8 | Hughes County | 4 | $943K | 2.8% | 7 | — |
| 9 | Codington County | 4 | $828K | 2.8% | 6 | — |
| 10 | Yankton County | 3 | $2.3M | 2.1% | 0 | — |
| 11 | Davison County | 3 | $1.4M | 2.1% | 3 | — |
| 12 | Clay County | 3 | $1.2M | 2.1% | 5 | — |
| 13 | Hamlin County | 3 | $751K | 2.1% | 1 | — |
| 14 | Stanley County | 2 | — | 1.4% | 0 | — |
| 15 | Turner County | 2 | — | 1.4% | 5 | — |
| 16 | Jones County | 2 | — | 1.4% | 0 | — |
| 17 | Butte County | 1 | — | 0.7% | 2 | — |
| 18 | Kingsbury County | 1 | — | 0.7% | 0 | — |
| 19 | Charles Mix County | 1 | — | 0.7% | 0 | — |
| 20 | Walworth County | 1 | — | 0.7% | 0 | — |
| 21 | Roberts County | 1 | — | 0.7% | 0 | — |
| 22 | Custer County | 1 | — | 0.7% | 5 | — |
| 23 | Bon Homme County | 1 | — | 0.7% | 1 | — |
| 24 | Brule County | 1 | — | 0.7% | 0 | — |
| 25 | Potter County | 1 | — | 0.7% | 3 | — |
| 26 | Hyde County | 1 | — | 0.7% | 1 | — |
FY2026 against FY2025
| South Dakota | FY2026 to date | FY2025 |
|---|---|---|
| 7(a) approvals | 86 | 175 |
| 7(a) dollars | $36.4M | $84.0M |
| Median 7(a) approval | $216K | $150K |
| 504 approvals | 59 | 95 |
| 504 dollars | $43.7M | $77.6M |
| Jobs supported, as reported | 1,409 | 2,467 |
Questions and answers
Which lenders made the most SBA loans in South Dakota in FY2026?
Dakota Business Finance (30), Ally Dakota Development, Inc. (19), First Bank & Trust (12), The First National Bank in Sioux Falls (12), South Dakota Development Corporation (9). 34 lenders had at least one approval.
How many SBA loans were approved in South Dakota in FY2026?
145 to 30 Jun 2026: 86 under 7(a) worth $36.4M and 59 under 504 worth $43.7M.
Which South Dakota counties had the most SBA approvals in FY2026?
Minnehaha County (47), Lincoln County (27), Pennington County (13), Brookings County (6), Meade County (6).
When does FY2026 start and end?
The federal fiscal year 2026 runs from 1 October 2025 to 30 September 2026. The files used here stop at 30 Jun 2026.
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