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
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.
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