SBA 7(a) lenders in Minnehaha, SD

Approvals in SBA fiscal years 2008–2026. Source data as of 2026-06-30.

Lenders

77 institutions have SBA 7(a) loans on record in Minnehaha, together $234.1M across 815 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	134	$40.3M	17.2%	2.90%
2	Wells Fargo Bank National Association	72	$24.6M	10.5%	1.40%
3	Minnwest Bank	73	$24.1M	10.3%	1.59%
4	First Bank & Trust	25	$14.9M	6.4%	1.12%
5	Dacotah Bank	26	$12.3M	5.2%	0.18%
6	First Interstate Bank	80	$11.5M	4.9%	2.12%
7	First PREMIER Bank	55	$8.9M	3.8%	8.20%
8	First Dakota National Bank	20	$7.8M	3.3%	11.56%
9	Reliabank Dakota	24	$7.4M	3.2%	0.19%
10	Byline Bank	3	$6.2M	2.6%	0.00%
11	Live Oak Banking Company	4	$5.2M	2.2%	0.00%
12	BankUnited, National Association	1	$5.0M	2.1%	0.00%
13	U.S. Bank, National Association	68	$4.6M	2.0%	2.23%
14	Lincoln Savings Bank	2	$4.5M	1.9%	0.00%
15	Black Hills FCU	23	$4.5M	1.9%	3.89%
16	CorTrust Bank National Association	12	$4.3M	1.8%	0.00%
17	First Savings Bank	23	$4.0M	1.7%	6.32%
18	One American Bank	9	$3.6M	1.5%	27.35%
19	GBank	1	$2.9M	1.2%	0.00%
20	Heritage Bank, National Association	7	$2.6M	1.1%	0.00%
21	Home Federal Bank	14	$2.4M	1.0%	0.00%
22	The Huntington National Bank	10	$2.2M	0.9%	8.13%
23	Levo Federal Credit Union	19	$2.0M	0.9%	0.00%
24	Pioneer Bank	1	$2.0M	0.9%	0.00%
25	CRF Small Business Loan Company, LLC	1	$2.0M	0.9%	0.00%
26	Shoreham Bank	1	$1.9M	0.8%	0.00%
27	Heritage Bank Inc	2	$1.8M	0.8%	0.00%
28	Old National Bank	3	$1.5M	0.6%	0.00%
29	Security Savings Bank	8	$1.5M	0.6%	0.00%
30	Midwest Bank	1	$1.2M	0.5%	51.96%
31	BayFirst National Bank	8	$1.2M	0.5%	8.53%
32	United Midwest Savings Bank National Association	7	$1.1M	0.5%	0.00%
33	SouthState Bank, National Association	1	$990K	0.4%	0.00%
34	Celtic Bank Corporation	4	$915K	0.4%	0.00%
35	United Bank of Iowa	2	$770K	0.3%	4.99%
36	BankFirst	1	$700K	0.3%	0.00%
37	Northeast Bank	4	$656K	0.3%	3.34%
38	Climate First Bank	1	$653K	0.3%	0.00%
39	Sunrise Banks National Association	2	$604K	0.3%	0.00%
40	Plains Commerce Bank	7	$603K	0.3%	16.63%
41	Voyage Federal Credit Union	4	$502K	0.2%	0.00%
42	First National Bank of Omaha	3	$475K	0.2%	0.00%
43	Simmons Bank	1	$461K	0.2%	0.00%
44	Cornerstone Bank	5	$455K	0.2%	0.00%
45	Western State Bank	1	$435K	0.2%	0.00%
46	Service First Federal Credit Union	1	$430K	0.2%	0.00%
47	Stearns Bank National Association	2	$410K	0.2%	0.00%
48	Cache Valley Bank	1	$380K	0.2%	0.00%
49	Newtek Small Business Finance, Inc.	2	$370K	0.2%	0.00%
50	Readycap Lending, LLC	4	$369K	0.2%	0.00%
51	United Prairie Bank	1	$355K	0.2%	0.00%
52	First Commonwealth Bank	1	$318K	0.1%	0.00%
53	Five Star Bank	1	$307K	0.1%	0.00%
54	Liberty National Bank	2	$245K	0.1%	0.00%
55	BMO Bank National Association	1	$212K	0.1%	0.00%
56	Pathward National Association	1	$200K	0.1%	88.10%
57	Bravera Bank	1	$200K	0.1%	0.00%
58	Milestone Bank	1	$185K	0.1%	0.00%
59	First Western SBLC, LLC	1	$184K	0.1%	0.00%
60	Popular Bank	2	$170K	0.1%	88.30%
61	First National Bank	1	$150K	0.1%	0.00%
62	BankWest, Inc	1	$148K	0.1%	46.79%
63	First United Bank	1	$146K	0.1%	0.00%
64	Frontier Bank	1	$128K	0.1%	0.00%
65	Independence Bank	1	$125K	0.1%	46.79%
66	American Bank and Trust	2	$120K	0.1%	0.00%
67	Bank Midwest	1	$114K	0.0%	0.00%
68	Security National Bank of South Dakota	1	$102K	0.0%	0.00%
69	Premier Bank Minnesota	1	$100K	0.0%	0.00%
70	Colony Bank	1	$100K	0.0%	0.00%
71	DNB National Bank	1	$90K	0.0%	0.00%
72	Premier Bank	1	$75K	0.0%	0.00%
73	Newtek Bank, National Association	1	$60K	0.0%	0.00%
74	Capital One National Association	1	$50K	0.0%	0.00%
75	VelocitySBA, LLC	3	$48K	0.0%	0.00%
76	Mountain America FCU	1	$38K	0.0%	0.00%
77	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.

What the money went into

Rank	Industry	Loans	Approved	Share of county
1	Accommodation & food services	113	$37.6M	16.1%
2	Construction	89	$23.6M	10.1%
3	Retail trade	77	$22.5M	9.6%
4	Retail trade	63	$21.3M	9.1%
5	Manufacturing	27	$20.1M	8.6%
6	Other services	87	$18.8M	8.0%
7	Health care & social assistance	75	$17.0M	7.3%
8	Manufacturing	38	$15.4M	6.6%
9	Professional & technical services	56	$10.1M	4.3%
10	Wholesale trade	24	$8.3M	3.5%
11	Transportation & warehousing	30	$8.1M	3.5%
12	Arts, entertainment & recreation	31	$7.9M	3.4%
13	Administrative & waste services	36	$7.1M	3.0%
14	Finance & insurance	13	$5.8M	2.5%
15	Manufacturing	15	$2.7M	1.2%
16	Real estate & leasing	16	$2.7M	1.2%
17	Transportation & warehousing	4	$2.3M	1.0%
18	Educational services	10	$1.3M	0.5%
19	Information	8	$863K	0.4%
20	Management of companies	1	$531K	0.2%
21	Mining & extraction	1	$100K	0.0%
22	Agriculture, forestry & fishing	1	$25K	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.