SBA 7(a) lenders in SD

Approvals from SBA fiscal year 2008 onward. Source data as of 2026-06-30.

164 institutions have SBA 7(a) loans on record in SD, together $911.8M across 2,808 loans.

Largest lenders

Showing

Yearsto

Rank	Lender	Loans	Approved	Share	Loss rate
1	Wells Fargo Bank National Association	327	$107.5M	11.8%	2.09%
2	First Interstate Bank	295	$89.0M	9.8%	1.18%
3	The First National Bank in Sioux Falls	191	$58.8M	6.4%	2.16%
4	First Bank & Trust	95	$57.9M	6.4%	0.41%
5	Black Hills FCU	313	$44.7M	4.9%	2.17%
6	Dacotah Bank	89	$32.7M	3.6%	4.13%
7	Live Oak Banking Company	18	$29.0M	3.2%	0.00%
8	Minnwest Bank	93	$29.0M	3.2%	1.47%
9	GBC International Bank	12	$25.9M	2.8%	0.00%
10	First National Bank	108	$25.5M	2.8%	0.13%
11	U.S. Bank, National Association	153	$21.3M	2.3%	0.62%
12	Byline Bank	8	$17.1M	1.9%	0.00%
13	BankWest, Inc	44	$14.9M	1.6%	0.46%
14	First National Bank of Omaha	54	$14.1M	1.5%	1.98%
15	First PREMIER Bank	86	$13.9M	1.5%	8.84%
16	One American Bank	24	$13.5M	1.5%	7.23%
17	First Dakota National Bank	54	$13.0M	1.4%	9.59%
18	American Bank and Trust	29	$12.1M	1.3%	0.00%
19	Reliabank Dakota	41	$10.6M	1.2%	4.06%
20	Pioneer Bank & Trust	55	$10.2M	1.1%	0.42%
21	Highmark FCU	58	$8.8M	1.0%	0.40%
22	Red River State Bank	8	$8.6M	0.9%	0.00%
23	Newtek Small Business Finance, Inc.	8	$8.3M	0.9%	0.00%
24	BankUnited, National Association	3	$8.3M	0.9%	0.00%
25	Celtic Bank Corporation	18	$8.0M	0.9%	2.03%
26	First Savings Bank	43	$8.0M	0.9%	3.19%
27	CorTrust Bank National Association	26	$7.8M	0.9%	0.00%
28	Plains Commerce Bank	18	$6.6M	0.7%	1.86%
29	Home Federal Bank	36	$6.2M	0.7%	0.00%
30	Heritage Bank, National Association	13	$6.1M	0.7%	0.00%
31	Enterprise Bank & Trust	3	$5.7M	0.6%	0.00%
32	First Fidelity Bank	22	$5.1M	0.6%	0.84%
33	Platte Valley Bank	1	$5.0M	0.5%	0.00%
34	Titan Bank, National Association	1	$5.0M	0.5%	0.00%
35	Greater Nevada CU	2	$4.9M	0.5%	0.00%
36	Heritage Bank Inc	5	$4.9M	0.5%	0.00%
37	Platinum Bank	1	$4.7M	0.5%	0.00%
38	Shoreham Bank	6	$4.7M	0.5%	0.00%
39	Readycap Lending, LLC	16	$4.7M	0.5%	0.00%
40	Lincoln Savings Bank	2	$4.5M	0.5%	0.00%
41	Northeast Bank	32	$4.5M	0.5%	0.48%
42	Central Bank	6	$4.5M	0.5%	1.13%
43	Security First Bank	19	$4.5M	0.5%	0.00%
44	The Huntington National Bank	17	$4.0M	0.4%	10.36%
45	Everwise Credit Union	1	$3.8M	0.4%	0.00%
46	First State Bank of Roscoe	3	$3.7M	0.4%	0.00%
47	BankStar Financial	13	$3.7M	0.4%	0.59%
48	Old National Bank	8	$3.6M	0.4%	0.00%
49	Stearns Bank National Association	16	$3.6M	0.4%	0.00%
50	Black Hills Community Bank, National Association	10	$3.5M	0.4%	0.00%
51	Liberty National Bank	11	$3.2M	0.3%	6.91%
52	PNC Bank, National Association	2	$3.1M	0.3%	0.00%
53	Pathward National Association	8	$3.1M	0.3%	23.72%
54	GBank	1	$2.9M	0.3%	0.00%
55	Levo Federal Credit Union	32	$2.6M	0.3%	0.00%
56	BayFirst National Bank	18	$2.6M	0.3%	3.93%
57	Dakota Plains FCU	2	$2.5M	0.3%	0.00%
58	CRF Small Business Loan Company, LLC	2	$2.5M	0.3%	0.00%
59	Security Savings Bank	12	$2.4M	0.3%	0.00%
60	Legends West Bank	1	$2.3M	0.3%	0.00%
61	United Midwest Savings Bank National Association	16	$2.3M	0.3%	0.00%
62	Farmers State Bank of Alto Pass, Illinois	1	$2.2M	0.2%	0.00%
63	Midwest Bank	3	$2.1M	0.2%	31.19%
64	Hanover Community Bank	1	$2.0M	0.2%	0.00%
65	Happen Bank	3	$2.0M	0.2%	0.00%
66	American Federal Bank	1	$2.0M	0.2%	0.00%
67	Pioneer Bank	1	$2.0M	0.2%	0.00%
68	First Western SBLC, LLC	2	$2.0M	0.2%	0.00%
69	VelocitySBA, LLC	14	$1.9M	0.2%	2.11%
70	North Valley Bank	1	$1.9M	0.2%	0.00%
71	First-Citizens Bank & Trust Company	1	$1.8M	0.2%	0.00%
72	Mabrey Bank	1	$1.8M	0.2%	0.00%
73	Commonwealth Business Bank	1	$1.8M	0.2%	0.00%
74	Premier Bank	7	$1.7M	0.2%	0.00%
75	Newtek Bank, National Association	10	$1.7M	0.2%	0.00%
76	FDIC - Community Bank & Trust-West Georgia	1	$1.7M	0.2%	0.00%
77	Sunrise Banks National Association	3	$1.6M	0.2%	0.00%
78	First Service Bank	1	$1.5M	0.2%	0.00%
79	United Bank of Iowa	4	$1.4M	0.2%	2.66%
80	First Security Bank of Nevada	1	$1.4M	0.2%	0.00%
81	1st Financial Bank USA	4	$1.4M	0.2%	14.09%
82	Choice Financial Group	3	$1.4M	0.2%	0.00%
83	The First National Bank of Gordon	4	$1.3M	0.1%	0.00%
84	First Bank of the Lake	2	$1.3M	0.1%	0.00%
85	Timberline Bank	3	$1.3M	0.1%	0.00%
86	Alerus Financial, National Association	1	$1.1M	0.1%	0.00%
87	Customers Bank	1	$1.1M	0.1%	0.00%
88	BMO Bank National Association	4	$1.1M	0.1%	0.00%
89	T Bank, National Association	1	$1.1M	0.1%	0.00%
90	Glacier Bank	1	$1.1M	0.1%	0.00%
91	Northwest Bank	2	$1.0M	0.1%	0.00%
92	First National Bank of Pennsylvania	1	$995K	0.1%	0.00%
93	SouthState Bank, National Association	1	$990K	0.1%	0.00%
94	Equity Bank	1	$900K	0.1%	0.00%
95	Campbell County Bank	3	$898K	0.1%	11.77%
96	Cache Valley Bank	2	$880K	0.1%	0.00%
97	First Commonwealth Bank	2	$863K	0.1%	0.00%
98	Dakotaland FCU	1	$842K	0.1%	0.00%
99	Bank Midwest	3	$839K	0.1%	0.00%
100	TowneBank	2	$811K	0.1%	0.00%
101	American Momentum Bank	1	$760K	0.1%	0.00%
102	Simmons Bank	2	$749K	0.1%	0.00%
103	Banc of California	1	$740K	0.1%	0.00%
104	United Prairie Bank	2	$715K	0.1%	0.00%
105	Sentinel Federal Credit Union	5	$713K	0.1%	0.00%
106	BankFirst	1	$700K	0.1%	0.00%
107	United Community Bank	2	$681K	0.1%	0.00%
108	Open Bank	1	$680K	0.1%	0.00%
109	Climate First Bank	1	$653K	0.1%	0.00%
110	Bravera Bank	3	$646K	0.1%	0.00%
111	Commercial State Bank of Wagner	2	$635K	0.1%	0.00%
112	Five Star Bank	2	$622K	0.1%	44.03%
113	BankNorth	4	$543K	0.1%	15.18%
114	Independence Bank	4	$525K	0.1%	35.77%
115	Voyage Federal Credit Union	4	$502K	0.1%	0.00%
116	Aspire Bank	2	$500K	0.1%	0.00%
117	Dakota Western Bank	1	$500K	0.1%	0.00%
118	Cornerstone Bank	5	$455K	0.0%	0.00%
119	The Security National Bank of Sioux City, Iowa	1	$450K	0.0%	0.00%
120	Western State Bank	1	$435K	0.0%	0.00%
121	Ameris Bank	1	$435K	0.0%	0.00%
122	Service First Federal Credit Union	1	$430K	0.0%	0.00%
123	Frontier Bank	2	$408K	0.0%	0.00%
124	Deerwood Bank	3	$406K	0.0%	32.49%
125	5Star Bank	1	$350K	0.0%	0.00%
126	Sundance State Bank	1	$310K	0.0%	0.00%
127	Security Bank Midwest	1	$300K	0.0%	0.00%
128	CenTrust Bank, A Division of SmartBiz Bank National Association	2	$300K	0.0%	0.00%
129	Grasshopper Bank National Association	1	$295K	0.0%	0.00%
130	American State Bank	2	$290K	0.0%	0.00%
131	Prairie Sun Bank	1	$285K	0.0%	0.00%
132	BankVista	2	$264K	0.0%	0.00%
133	Grand Marais State Bank	1	$242K	0.0%	0.00%
134	Farmers State Bank	1	$215K	0.0%	0.00%
135	Profinium Inc	1	$200K	0.0%	0.00%
136	Premier Bank Minnesota	2	$200K	0.0%	0.00%
137	Scale Bank	1	$198K	0.0%	0.00%
138	Milestone Bank	1	$185K	0.0%	0.00%
139	Prime Security Bank	1	$172K	0.0%	0.00%
140	Popular Bank	2	$170K	0.0%	88.30%
141	The Security State Bank	1	$150K	0.0%	0.00%
142	Midwest Heritage Bank, F.S.B.	1	$150K	0.0%	0.00%
143	Georgia Banking Company	1	$150K	0.0%	0.00%
144	Capital One National Association	2	$150K	0.0%	30.17%
145	The Bancorp Bank National Association	1	$150K	0.0%	0.00%
146	First Merchants Bank	1	$150K	0.0%	0.00%
147	First United Bank	1	$146K	0.0%	0.00%
148	Heritage Bank	1	$134K	0.0%	0.00%
149	TD Bank, National Association	1	$125K	0.0%	0.00%
150	Capital Credit Union	3	$110K	0.0%	0.00%
151	Rivers Edge Bank	1	$106K	0.0%	0.00%
152	CCFBank National Association	1	$105K	0.0%	0.00%
153	Security State Bank	1	$103K	0.0%	0.00%
154	Associated Bank National Association	1	$103K	0.0%	0.00%
155	Security National Bank of South Dakota	1	$102K	0.0%	0.00%
156	Area FCU	1	$100K	0.0%	100.00%
157	Colony Bank	1	$100K	0.0%	0.00%
158	DNB National Bank	1	$90K	0.0%	0.00%
159	Arbor Bank	1	$75K	0.0%	0.00%
160	UMB Bank, National Association	1	$50K	0.0%	0.00%
161	Viking Bank National Association	1	$40K	0.0%	0.00%
162	Mountain America FCU	1	$38K	0.0%	0.00%
163	Security Bank	1	$20K	0.0%	0.00%
164	Bank of Hope	1	$10K	0.0%	73.27%

Loss rates cover every approval year on record together. SBA 7(a) losses peak two to four years after approval, so a lender whose lending is mostly recent will show a low rate because its loans have not aged yet, not because they are performing better.

By county

Rank	County	Lenders	Loans	Approved
1	Minnehaha	77	815	$234.1M
2	Pennington	47	522	$154.2M
3	Lincoln	42	259	$76.0M
4	Union	24	65	$52.3M
5	Lawrence	22	150	$49.5M
6	Codington	33	75	$45.8M
7	Brown	20	93	$38.3M
8	Davison	18	65	$27.1M
9	Meade	16	129	$25.7M
10	Brookings	22	69	$23.7M
11	Hughes	17	56	$21.5M
12	Yankton	13	40	$15.1M
13	Beadle	9	18	$13.4M
14	Butte	16	49	$12.0M
15	Fall River	9	25	$9.9M
16	Custer	14	36	$9.4M
17	Grant	9	14	$9.1M
18	Roberts	9	12	$8.8M
19	Moody	7	13	$6.7M
20	Lake	9	27	$6.5M
21	Walworth	4	15	$6.3M
22	Bennett	6	16	$5.8M
23	Spink	7	10	$4.4M
24	Perkins	2	11	$4.1M
25	Clay	8	14	$3.7M
26	Kingsbury	4	5	$3.7M
27	Charles Mix	6	10	$3.1M
28	Marshall	5	7	$3.0M
29	Deuel	7	10	$2.7M
30	Hutchinson	6	11	$2.6M
31	Potter	4	8	$2.4M
32	Stanley	6	12	$2.4M
33	Hamlin	4	5	$2.4M
34	Turner	15	24	$2.3M
35	Edmunds	3	4	$2.1M
36	Lyman	3	6	$2.0M
37	Brule	3	5	$2.0M
38	Aurora	5	8	$1.8M
39	Day	3	9	$1.6M
40	Gregory	2	9	$1.5M
41	Bon Homme	5	6	$1.4M
42	Mccook	7	7	$1.0M
43	Mellette	2	2	$987K
44	Tripp	2	7	$886K
45	Todd	3	4	$811K
46	Jerauld	3	5	$710K
47	Mcpherson	1	1	$700K
48	Pine Ridge	2	3	$689K
49	Campbell	2	3	$580K
50	Jackson	2	3	$565K
51	Hand	3	3	$495K
52	Hanson	3	5	$478K
53	Miner	1	1	$423K
54	Clark	3	3	$405K
55	Jones	2	3	$396K
56	Sanborn	2	7	$380K
57	Faulk	1	2	$365K
58	Dewey	1	1	$345K
59	Douglas	2	2	$345K
60	Corson	1	1	$150K
61	Hyde	1	2	$125K
62	Haakon	1	1	$92K
63	Shannon	1	2	$50K
64	Harding	2	2	$35K
65	Sully	1	1	$5K

About this data

Built from the U.S. Small Business Administration’s 7(a) FOIA data release, a public record covering approvals from fiscal year 2008 onward and refreshed each quarter. SBA fiscal years end 30 September, so the most recent year is partial. Figures are approvals, not outstanding balances, and SBA attributes each loan to the institution that holds it today rather than the one that originated it — an acquisitive lender therefore shows books it did not write.