SBA 7(a) lenders in Davison, SD
Approvals in SBA fiscal years 2008–2026. Source data as of 2026-06-30.
Lenders
18 institutions have SBA 7(a) loans on record in Davison, together $27.1M across 65 loans. BankWest, Inc is the largest, with 25% of approvals.
| Rank | Lender | Loans | Approved | Share | Loss rate |
|---|---|---|---|---|---|
| 1 | BankWest, Inc | 8 | $6.8M | 25.2% | 0.00% |
| 2 | Wells Fargo Bank National Association | 12 | $4.3M | 15.7% | 0.00% |
| 3 | Live Oak Banking Company | 2 | $3.5M | 12.7% | 0.00% |
| 4 | First Dakota National Bank | 12 | $2.8M | 10.4% | 10.63% |
| 5 | The First National Bank in Sioux Falls | 2 | $2.5M | 9.3% | 0.00% |
| 6 | First National Bank of Omaha | 8 | $1.6M | 6.0% | 0.00% |
| 7 | Home Federal Bank | 4 | $1.5M | 5.7% | 0.00% |
| 8 | PNC Bank, National Association | 1 | $1.3M | 4.7% | 0.00% |
| 9 | Black Hills FCU | 2 | $675K | 2.5% | 0.00% |
| 10 | Heritage Bank Inc | 1 | $555K | 2.0% | 0.00% |
| 11 | First Bank of the Lake | 1 | $500K | 1.8% | 0.00% |
| 12 | Stearns Bank National Association | 1 | $326K | 1.2% | 0.00% |
| 13 | CorTrust Bank National Association | 1 | $239K | 0.9% | 0.00% |
| 14 | First PREMIER Bank | 1 | $150K | 0.6% | 0.00% |
| 15 | United Midwest Savings Bank National Association | 1 | $150K | 0.6% | 0.00% |
| 16 | U.S. Bank, National Association | 5 | $121K | 0.4% | 0.00% |
| 17 | Levo Federal Credit Union | 2 | $74K | 0.3% | 0.00% |
| 18 | VelocitySBA, LLC | 1 | $5K | 0.0% | 0.00% |
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.
What the money went into
| Rank | Industry | Loans | Approved | Share of county |
|---|---|---|---|---|
| 1 | Retail trade | 10 | $9.0M | 33.2% |
| 2 | Construction | 14 | $6.6M | 24.3% |
| 3 | Health care & social assistance | 8 | $2.6M | 9.6% |
| 4 | Accommodation & food services | 9 | $2.6M | 9.6% |
| 5 | Retail trade | 7 | $1.3M | 4.9% |
| 6 | Manufacturing | 2 | $1.3M | 4.8% |
| 7 | Manufacturing | 2 | $1.0M | 3.8% |
| 8 | Other services | 4 | $762K | 2.8% |
| 9 | Professional & technical services | 2 | $639K | 2.4% |
| 10 | Administrative & waste services | 1 | $500K | 1.8% |
| 11 | Real estate & leasing | 3 | $324K | 1.2% |
| 12 | Transportation & warehousing | 1 | $245K | 0.9% |
| 13 | Educational services | 1 | $150K | 0.6% |
| 14 | Information | 1 | $25K | 0.1% |
Industry is the borrower’s NAICS sector as recorded by SBA at approval, grouped to the two-digit sector.
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.