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South Dakota · Manufacturing
SBA loans for manufacturing in South Dakota
74 loans worth $32.0M approved since FY2010 for manufacturing projects located in South Dakota.
Loans
74
Approved
$32.0M
Median loan
$240,000
+20% vs sector nationally
Median rate
6.25%
Jobs supported
1,051
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 manufacturing in South Dakota
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Ally Dakota Development, Inc. | 8 | $7.2M | |
| Dakota Business Finance | 7 | $5.6M | |
| Central Bank | 2 | $3.6M | |
| South Dakota Development Corporation | 5 | $2.6M | |
| Wells Fargo Bank | 8 | $2.2M | |
| First Interstate Bank | 10 | $2.0M | |
| First National Bank | 4 | $1.8M | |
| Black Hills FCU | 5 | $1.4M |
Detail
Which industries inside the sector
An SBA 7(a) lender for loans this size
The median SBA loan approved for manufacturing in South Dakota since FY2010 was $240,000. 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.
Manufacturing nationally
21,271 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to manufacturing businesses in South Dakota?
- 74 SBA loans totalling $32,046,200 have been approved for manufacturing projects in South Dakota since FY2010.
- Which lenders finance manufacturing in South Dakota?
- The most active by dollars approved are Ally Dakota Development, Inc., Dakota Business Finance, Central Bank, South Dakota Development Corporation. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for manufacturing in South Dakota?
- The median approval is $240,000, 20% above the national median for this sector ($200,000).
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