SBA 7(a) lenders in Union, SD
Approvals in SBA fiscal years 2008–2025. Source data as of 2026-06-30.
Lenders
24 institutions have SBA 7(a) loans on record in Union, together $52.3M across 65 loans. GBC International Bank is the largest, with 49% of approvals.
| Rank | Lender | Loans | Approved | Share | Loss rate |
|---|---|---|---|---|---|
| 1 | GBC International Bank | 12 | $25.9M | 49.4% | 0.00% |
| 2 | One American Bank | 10 | $9.0M | 17.2% | 0.00% |
| 3 | Central Bank | 2 | $3.6M | 6.9% | 0.00% |
| 4 | Byline Bank | 1 | $3.0M | 5.7% | 0.00% |
| 5 | Wells Fargo Bank National Association | 6 | $1.9M | 3.6% | 0.00% |
| 6 | First Security Bank of Nevada | 1 | $1.4M | 2.7% | 0.00% |
| 7 | Timberline Bank | 3 | $1.3M | 2.4% | 0.00% |
| 8 | 1st Financial Bank USA | 2 | $946K | 1.8% | 20.97% |
| 9 | Home Federal Bank | 2 | $790K | 1.5% | 0.00% |
| 10 | Heritage Bank, National Association | 2 | $768K | 1.5% | 0.00% |
| 11 | Liberty National Bank | 1 | $761K | 1.5% | 0.00% |
| 12 | First Interstate Bank | 5 | $743K | 1.4% | 16.80% |
| 13 | Premier Bank | 4 | $547K | 1.0% | 0.00% |
| 14 | The Security National Bank of Sioux City, Iowa | 1 | $450K | 0.9% | 0.00% |
| 15 | Newtek Bank, National Association | 1 | $350K | 0.7% | 0.00% |
| 16 | The Huntington National Bank | 2 | $275K | 0.5% | 0.00% |
| 17 | First PREMIER Bank | 1 | $175K | 0.3% | 0.00% |
| 18 | First Savings Bank | 2 | $155K | 0.3% | 0.00% |
| 19 | Northeast Bank | 2 | $132K | 0.3% | 0.00% |
| 20 | Levo Federal Credit Union | 1 | $60K | 0.1% | 0.00% |
| 21 | Celtic Bank Corporation | 1 | $50K | 0.1% | 0.00% |
| 22 | Dacotah Bank | 1 | $45K | 0.1% | 0.00% |
| 23 | CorTrust Bank National Association | 1 | $45K | 0.1% | 0.00% |
| 24 | U.S. Bank, National Association | 1 | $25K | 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 | Wholesale trade | 15 | $26.5M | 50.6% |
| 2 | Manufacturing | 10 | $9.0M | 17.2% |
| 3 | Manufacturing | 3 | $4.3M | 8.2% |
| 4 | Construction | 8 | $3.8M | 7.2% |
| 5 | Accommodation & food services | 3 | $2.4M | 4.5% |
| 6 | Other services | 6 | $2.1M | 4.0% |
| 7 | Health care & social assistance | 3 | $1.1M | 2.1% |
| 8 | Retail trade | 4 | $1.1M | 2.1% |
| 9 | Professional & technical services | 3 | $768K | 1.5% |
| 10 | Transportation & warehousing | 2 | $621K | 1.2% |
| 11 | Retail trade | 3 | $306K | 0.6% |
| 12 | Administrative & waste services | 3 | $264K | 0.5% |
| 13 | Arts, entertainment & recreation | 1 | $150K | 0.3% |
| 14 | Agriculture, forestry & fishing | 1 | $62K | 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.