South Dakota · Health Care
SBA loans for health care in South Dakota
340 loans worth $141.7M approved since FY2010 for health care and social assistance projects located in South Dakota.
Loans
340
Approved
$141.7M
Median loan
$250,000
+0% vs sector nationally
Median rate
6.00%
Jobs supported
3,152
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 health care in South Dakota
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Dakota Business Finance | 68 | $37.0M | |
| Ally Dakota Development, Inc. | 49 | $23.0M | |
| Wells Fargo Bank | 39 | $20.2M | |
| Live Oak Banking Company | 6 | $10.6M | |
| South Dakota Development Corporation | 17 | $10.2M | |
| First Interstate Bank | 18 | $8.7M | |
| Midwest Business Finance Corporation | 4 | $4.1M | |
| Black Hills FCU | 26 | $3.9M |
Detail
Which industries inside the sector
All SBA lending in South Dakota
3,632 loans across every sector.
Health Care nationally
105,632 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to health care businesses in South Dakota?
- 340 SBA loans totalling $141,655,200 have been approved for health care and social assistance projects in South Dakota since FY2010.
- Which lenders finance health care in South Dakota?
- The most active by dollars approved are Dakota Business Finance, Ally Dakota Development, Inc., Wells Fargo Bank, Live Oak Banking Company. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for health care in South Dakota?
- The median approval is $250,000.
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