Top SBA lenders in South Dakota

39 lenders approved 144 SBA 7(a) loans worth $73.7M for South Dakota businesses in FY2025. First Bank & Trust leads with 18.1%.

South Dakota league table, FY2025 ranked by dollars approved · by project location

#	Lender	HQ state	Approved	Loans	Avg loan	Share
1	First Bank & Trust	SD	$13.3M	20	$667K	18.1%
2	The First National Bank in Sioux Falls	SD	$7.6M	20	$382K	10.4%
3	Live Oak Banking Company	NC	$5.5M	3	$1.8M	7.4%
4	Dacotah Bank	SD	$5.3M	2	$2.7M	7.2%
5	Titan Bank, N.A.	TX	$5.0M	1	$5.0M	6.8%
6	American Bank & Trust	SD	$4.9M	2	$2.5M	6.7%
7	Everwise Credit Union	IN	$3.8M	1	$3.8M	5.1%
8	GBC International Bank	CA	$3.0M	1	$3.0M	4.1%
9	CorTrust Bank National Association	SD	$2.8M	1	$2.8M	3.8%
10	Reliabank Dakota	SD	$2.0M	2	$1.0M	2.8%
11	VelocitySBA, LLC not in CharterBench	TX	$1.8M	1	$1.8M	2.4%
12	First Dakota National Bank	SD	$1.5M	2	$750K	2.0%
13	First National Bank	SD	$1.4M	1	$1.4M	1.9%
14	Black Hills Federal Credit Union	SD	$1.1M	3	$367K	1.5%
15	The Huntington National Bank	OH	$1.1M	6	$179K	1.4%
16	First Interstate Bank	MT	$1.1M	4	$266K	1.4%
17	U.S. Bank National Association	OH	$1.0M	18	$56K	1.4%
18	Sunrise Banks, National Association	SD	$995K	1	$995K	1.4%
19	Northwest Bank	IA	$978K	1	$978K	1.3%
20	Happen Bank, National Association	UT	$966K	1	$966K	1.3%
21	Stearns Bank National Association	MN	$903K	4	$226K	1.2%
22	Heritage Bank, Inc.	KY	$830K	1	$830K	1.1%
23	First Bank of the Lake	MO	$779K	1	$779K	1.1%
24	Highmark Federal Credit Union	SD	$770K	3	$257K	1.0%
25	American Momentum Bank	TX	$760K	1	$760K	1.0%

Showing the top 25 of 39 lenders active in South Dakota.

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South Dakota SBA 7(a) volume by year

Line	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026 to date
Approved	$48.5M	$71.6M	$32.3M	$46.3M	$58.1M	$73.7M	$33.1M
Loans	146	146	106	116	139	144	78
Active lenders	36	40	30	37	33	39	29

Working South Dakota?

11 of the lenders shown are headquartered in South Dakota. See who holds the deposits in South Dakota, or screen the state’s banks and credit unions by ratio.

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