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South Dakota · Finance & Insurance
SBA loans for finance & insurance in South Dakota
49 loans worth $18.3M approved since FY2010 for finance and insurance projects located in South Dakota.
Loans
49
Approved
$18.3M
Median loan
$196,500
-2% vs sector nationally
Median rate
6.00%
Jobs supported
296
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 finance & insurance in South Dakota
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Live Oak Banking Company | 3 | $5.1M | |
| Dakota Business Finance | 8 | $2.9M | |
| Reliabank Dakota | 2 | $2.0M | |
| Ally Dakota Development, Inc. | 9 | $2.0M | |
| First Bank & Trust | 1 | $1.4M | |
| First Interstate Bank | 8 | $1.4M | |
| First PREMIER Bank | 4 | $1.2M | |
| Lake Agassiz Certified Development Company | 2 | $871K |
Detail
Which industries inside the sector
An SBA 7(a) lender for loans this size
The median SBA loan approved for finance & insurance in South Dakota since FY2010 was $196,500. 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.
Finance & Insurance nationally
18,357 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to finance & insurance businesses in South Dakota?
- 49 SBA loans totalling $18,287,300 have been approved for finance and insurance projects in South Dakota since FY2010.
- Which lenders finance finance & insurance in South Dakota?
- The most active by dollars approved are Live Oak Banking Company, Dakota Business Finance, Reliabank Dakota, Ally Dakota Development, Inc.. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for finance & insurance in South Dakota?
- The median approval is $196,500.
We are a publisher, not a lender or broker. We never take applications and are never paid by borrowers. Read the full disclosures.