Advertiser disclosure: Some links on this page earn us a commission. Compensation never affects our data, our rankings, or which lenders we cover. How we make money.
South Dakota · Restaurants & Hotels
SBA loans for restaurants & hotels in South Dakota
577 loans worth $348.3M approved since FY2010 for accommodation and food services projects located in South Dakota.
Loans
577
Approved
$348.3M
Median loan
$326,300
+9% vs sector nationally
Median rate
6.00%
Jobs supported
8,626
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
Lenders
Who lends to restaurants & hotels in South Dakota
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Dakota Business Finance | 106 | $94.8M | |
| Ally Dakota Development, Inc. | 85 | $56.3M | |
| South Dakota Development Corporation | 35 | $31.9M | |
| The First National Bank in Sioux Falls | 42 | $16.4M | |
| First Interstate Bank | 44 | $13.7M | |
| Black Hills FCU | 50 | $12.8M | |
| First Bank & Trust | 16 | $10.8M | |
| Byline Bank | 3 | $10.1M |
Detail
Which industries inside the sector
An SBA 7(a) lender for loans this size
The median SBA loan approved for restaurants & hotels in South Dakota since FY2010 was $326,300. SmartBiz makes SBA 7(a) loans up to $500,000. It is shown here as a separate, labelled option, outside the data rankings on this page. You apply on their site - we do not take applications and never see your information.
Check options with SmartBizWe may be paid if you apply through this link. It does not change what we publish, and no lender can buy a place in our rankings. Details.
All SBA lending in South Dakota
3,632 loans across every sector.
Restaurants & Hotels nationally
137,471 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to restaurants & hotels businesses in South Dakota?
- 577 SBA loans totalling $348,334,600 have been approved for accommodation and food services projects in South Dakota since FY2010.
- Which lenders finance restaurants & hotels in South Dakota?
- The most active by dollars approved are Dakota Business Finance, Ally Dakota Development, Inc., South Dakota Development Corporation, The First National Bank in Sioux Falls. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for restaurants & hotels in South Dakota?
- The median approval is $326,300, 9% above the national median for this sector ($300,000).
We are a publisher, not a lender or broker. We never take applications and are never paid by borrowers. Read the full disclosures.