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South Dakota · Construction
SBA loans for construction in South Dakota
424 loans worth $123.5M approved since FY2010 for construction projects located in South Dakota.
Loans
424
Approved
$123.5M
Median loan
$141,000
+41% vs sector nationally
Median rate
6.50%
Jobs supported
3,091
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 construction in South Dakota
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Dakota Business Finance | 47 | $22.3M | |
| Ally Dakota Development, Inc. | 38 | $15.4M | |
| Wells Fargo Bank | 39 | $8.7M | |
| The First National Bank in Sioux Falls | 19 | $8.1M | |
| Red River State Bank | 4 | $7.5M | |
| Dacotah Bank | 9 | $6.1M | |
| First Interstate Bank | 29 | $5.2M | |
| South Dakota Development Corporation | 9 | $5.1M |
Detail
Which industries inside the sector
An SBA 7(a) lender for loans this size
The median SBA loan approved for construction in South Dakota since FY2010 was $141,000. 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.
Construction nationally
115,753 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to construction businesses in South Dakota?
- 424 SBA loans totalling $123,472,200 have been approved for construction projects in South Dakota since FY2010.
- Which lenders finance construction in South Dakota?
- The most active by dollars approved are Dakota Business Finance, Ally Dakota Development, Inc., Wells Fargo Bank, 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 construction in South Dakota?
- The median approval is $141,000, 41% above the national median for this sector ($100,000).
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