South Dakota · Information
SBA loans for information in South Dakota
34 loans worth $11.4M approved since FY2010 for information projects located in South Dakota.
Loans
34
Approved
$11.4M
Median loan
$95,800
-36% vs sector nationally
Median rate
6.25%
Jobs supported
249
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 information in South Dakota
| Lender | Loans | Approved | Share |
|---|---|---|---|
| First Interstate Bank | 2 | $4.0M | |
| First Bank & Trust | 1 | $2.0M | |
| Ally Dakota Development, Inc. | 1 | $1.2M | |
| Heritage Bank Inc | 1 | $830K | |
| Pioneer Bank & Trust | 3 | $700K | |
| Dakota Business Finance | 2 | $454K | |
| The First National Bank in Sioux Falls | 5 | $377K | |
| South Dakota Development Corporation | 1 | $260K |
Detail
Which industries inside the sector
All SBA lending in South Dakota
3,632 loans across every sector.
Information nationally
11,001 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to information businesses in South Dakota?
- 34 SBA loans totalling $11,410,500 have been approved for information projects in South Dakota since FY2010.
- Which lenders finance information in South Dakota?
- The most active by dollars approved are First Interstate Bank, First Bank & Trust, Ally Dakota Development, Inc., Heritage Bank Inc. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for information in South Dakota?
- The median approval is $95,800, 36% below the national median for this sector ($150,000).
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