SBA 7(a) lenders in Lincoln, SD

Approvals in SBA fiscal years 2008–2026. Source data as of 2026-09-30.

Lenders

42 institutions have SBA 7(a) loans on record in Lincoln, together $77.8M across 263 loans. The First National Bank in Sioux Falls is the largest, with 17% of approvals.

Showing

Yearsto

Rank	Lender	Loans	Approved	Share	Loss rate
1	The First National Bank in Sioux Falls	45	$13.5M	17.4%	0.73%
2	First Bank & Trust	22	$12.7M	16.4%	0.56%
3	First Interstate Bank	14	$7.6M	9.8%	0.00%
4	Wells Fargo Bank National Association	33	$6.6M	8.4%	0.15%
5	American Bank and Trust	5	$5.5M	7.1%	0.00%
6	Live Oak Banking Company	2	$5.3M	6.8%	0.00%
7	First PREMIER Bank	16	$3.2M	4.1%	8.13%
8	Minnwest Bank	14	$2.6M	3.3%	1.71%
9	Reliabank Dakota	9	$1.8M	2.3%	2.34%
10	Heritage Bank Inc	1	$1.7M	2.2%	0.00%
11	BankUnited, National Association	1	$1.7M	2.2%	0.00%
12	Liberty National Bank	7	$1.3M	1.6%	17.02%
13	Premier Bank	2	$1.1M	1.4%	0.00%
14	Happen Bank	2	$1.0M	1.3%	0.00%
15	Sunrise Banks National Association	1	$995K	1.3%	0.00%
16	Security Savings Bank	4	$945K	1.2%	0.00%
17	Heritage Bank, National Association	2	$884K	1.1%	0.00%
18	First Savings Bank	8	$882K	1.1%	0.00%
19	Black Hills FCU	6	$876K	1.1%	0.00%
20	Pathward National Association	2	$716K	0.9%	78.19%
21	Frontier Bank	2	$628K	0.8%	0.00%
22	Plains Commerce Bank	4	$570K	0.7%	4.15%
23	Old National Bank	1	$553K	0.7%	0.00%
24	Home Federal Bank	5	$538K	0.7%	0.00%
25	One American Bank	2	$475K	0.6%	0.00%
26	U.S. Bank, National Association	18	$468K	0.6%	0.00%
27	First Dakota National Bank	5	$445K	0.6%	0.00%
28	Dacotah Bank	4	$419K	0.5%	0.00%
29	Levo Federal Credit Union	9	$396K	0.5%	3.01%
30	BMO Bank National Association	1	$350K	0.5%	0.00%
31	United Midwest Savings Bank National Association	2	$300K	0.4%	0.00%
32	American State Bank	2	$290K	0.4%	0.00%
33	Simmons Bank	1	$288K	0.4%	0.00%
34	CorTrust Bank National Association	2	$250K	0.3%	0.00%
35	Bank Midwest	1	$225K	0.3%	0.00%
36	Byline Bank	1	$200K	0.3%	0.00%
37	The Bancorp Bank National Association	1	$150K	0.2%	0.00%
38	Premier Bank Minnesota	1	$100K	0.1%	0.00%
39	BankStar Financial	1	$92K	0.1%	0.00%
40	First National Bank of Omaha	1	$75K	0.1%	0.00%
41	Northeast Bank	2	$73K	0.1%	0.00%
42	Security Bank	1	$20K	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	Health care & social assistance	29	$11.3M	14.6%
2	Administrative & waste services	22	$9.8M	12.6%
3	Manufacturing	18	$9.7M	12.4%
4	Accommodation & food services	17	$8.6M	11.1%
5	Other services	32	$6.4M	8.2%
6	Construction	41	$6.1M	7.9%
7	Retail trade	15	$5.9M	7.6%
8	Arts, entertainment & recreation	18	$3.9M	5.1%
9	Educational services	4	$3.2M	4.1%
10	Professional & technical services	16	$3.0M	3.9%
11	Finance & insurance	5	$2.1M	2.7%
12	Retail trade	12	$1.6M	2.0%
13	Manufacturing	4	$1.6M	2.0%
14	Real estate & leasing	4	$1.3M	1.7%
15	Wholesale trade	5	$895K	1.2%
16	Manufacturing	4	$824K	1.1%
17	Transportation & warehousing	8	$720K	0.9%
18	Agriculture, forestry & fishing	2	$455K	0.6%
19	Information	6	$279K	0.4%
20	Transportation & warehousing	1	$26K	0.0%

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.