SBA 7(a) lenders in Hughes, SD
Approvals in SBA fiscal years 2008–2026. Source data as of 2026-06-30.
Lenders
17 institutions have SBA 7(a) loans on record in Hughes, together $21.5M across 56 loans. Live Oak Banking Company is the largest, with 20% of approvals.
| Rank | Lender | Loans | Approved | Share | Loss rate |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 1 | $4.3M | 20.0% | 0.00% |
| 2 | Wells Fargo Bank National Association | 4 | $3.0M | 13.9% | 0.00% |
| 3 | Hanover Community Bank | 1 | $2.0M | 9.6% | 0.00% |
| 4 | BankWest, Inc | 13 | $1.9M | 8.9% | 0.00% |
| 5 | American Bank and Trust | 10 | $1.9M | 8.6% | 0.00% |
| 6 | First Western SBLC, LLC | 1 | $1.8M | 8.4% | 0.00% |
| 7 | Commonwealth Business Bank | 1 | $1.8M | 8.3% | 0.00% |
| 8 | First National Bank | 13 | $1.3M | 5.9% | 0.74% |
| 9 | Black Hills FCU | 2 | $1.0M | 4.8% | 0.00% |
| 10 | Heritage Bank Inc | 1 | $830K | 3.9% | 0.00% |
| 11 | Old National Bank | 2 | $711K | 3.3% | 0.00% |
| 12 | Dacotah Bank | 1 | $305K | 1.4% | 0.00% |
| 13 | Prime Security Bank | 1 | $172K | 0.8% | 0.00% |
| 14 | BayFirst National Bank | 1 | $150K | 0.7% | 0.00% |
| 15 | First Dakota National Bank | 1 | $150K | 0.7% | 26.09% |
| 16 | Celtic Bank Corporation | 1 | $115K | 0.5% | 0.00% |
| 17 | U.S. Bank, National Association | 2 | $50K | 0.2% | 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 | Accommodation & food services | 10 | $7.1M | 33.1% |
| 2 | Professional & technical services | 2 | $4.3M | 20.2% |
| 3 | Retail trade | 8 | $3.9M | 18.3% |
| 4 | Retail trade | 10 | $2.1M | 9.7% |
| 5 | Information | 3 | $910K | 4.2% |
| 6 | Construction | 8 | $679K | 3.2% |
| 7 | Arts, entertainment & recreation | 4 | $602K | 2.8% |
| 8 | Transportation & warehousing | 2 | $540K | 2.5% |
| 9 | Administrative & waste services | 3 | $400K | 1.9% |
| 10 | Health care & social assistance | 2 | $335K | 1.6% |
| 11 | Agriculture, forestry & fishing | 1 | $277K | 1.3% |
| 12 | Real estate & leasing | 1 | $150K | 0.7% |
| 13 | Wholesale trade | 1 | $100K | 0.5% |
| 14 | Finance & insurance | 1 | $37K | 0.2% |
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.