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Home » News » Top SBA Lenders – SBA Loans South Dakota

Top SBA Lenders – SBA Loans South Dakota

Published by sbalenders On February 27, 2020

Last annual update: Feb 7, 2021

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South Dakota PPP lenders (loans <$150,000)

RankBank# PPP Loans
1Dacotah Bank1,454
2First Dakota National Bank1,295
3Great Western Bank1,221
4First Bank & Trust1,209
5First PREMIER Bank1,149
6First Interstate Bank846
7American Bank & Trust786
8The First National Bank in Sioux Falls740
9BankWest709
10Black Hills FCU696

Mostly South Dakota-based banks were among the largest lenders to “Mount Rushmore State” businesses through the U.S. Small Business Administration’s 7(a) program. Whether your business is a hotel, restaurant, auto repair, medical practice, veterinary or pharmacy, your mission is to exceed your customer expectations. So, if you’re ready to step up your business to the next level, here are the top 10 SBA Lenders in South Dakota:

Most active SBA lenders in South Dakota

State RankBankBank Headquarters# of LoansAvg LoanAvg Interest
1Wells FargoSioux Falls, SD24$186,4839.2%
2U.S. BankCincinnati, OH24$157,9008.0%
3The First National Bank in Sioux FallsSioux Falls, SD11$351,2276.3%
4Black Hills FCURapid City, SD10$134,6506.4%
5Highmark FCURapid City, SD10$116,5205.4%
6United Midwest Savings BankDe Graff, OH6$117,0007.8%
7First National BankFort Pierre, SD5$267,5606.2%
8Newtek Small Business FinanceLake Success, NY4$1,466,5007.8%
9Dacotah BankAberdeen, SD4$472,5006.1%
10First National Bank of OmahaOmaha, NE4$389,9006.5%
11Great Western BankSioux Falls, SD4$152,0007.3%
12Minnwest BankRedwood Falls, MN3$593,6677.3%
13First Savings BankBeresford, SD3$208,5336.4%

 

  Traditional small biz loan inquiry  

  Apply online for a PPP loan today   

Note: South Dakota PPP loan activity data from the CARES Act from March – August and does not include Heals/Heroes Act PPP loans.

Categories: News Tags: South Dakota
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Copyright 2021. All rights reserved. Note: We are not part of or affiliated with the Small Business Administration or U.S. Government.
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Top SBA Lenders - SBA Loans South Dakota