South Dakota · Education
SBA loans for education in South Dakota
37 loans worth $13.8M approved since FY2010 for educational services projects located in South Dakota.
Loans
37
Approved
$13.8M
Median loan
$309,000
+106% vs sector nationally
Median rate
7.85%
Jobs supported
230
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 education in South Dakota
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Dakota Business Finance | 7 | $4.0M | |
| First Bank & Trust | 4 | $2.6M | |
| Ally Dakota Development, Inc. | 5 | $2.0M | |
| Midwest Business Finance Corporation | 4 | $1.3M | |
| South Dakota Development Corporation | 1 | $1.2M | |
| Siouxland Economic Development Corporation | 1 | $630K | |
| Aspire Bank | 2 | $500K | |
| The First National Bank in Sioux Falls | 4 | $498K |
Detail
Which industries inside the sector
All SBA lending in South Dakota
3,632 loans across every sector.
Education nationally
15,349 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to education businesses in South Dakota?
- 37 SBA loans totalling $13,832,000 have been approved for educational services projects in South Dakota since FY2010.
- Which lenders finance education in South Dakota?
- The most active by dollars approved are Dakota Business Finance, First Bank & Trust, Ally Dakota Development, Inc., Midwest Business Finance Corporation. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for education in South Dakota?
- The median approval is $309,000, 106% above the national median for this sector ($150,000).
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