South Dakota · Professional Services
SBA loans for professional services in South Dakota
193 loans worth $58.7M approved since FY2010 for professional, scientific, and technical services projects located in South Dakota.
Loans
193
Approved
$58.7M
Median loan
$150,000
+0% vs sector nationally
Median rate
6.50%
Jobs supported
1,029
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 professional services in South Dakota
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Dakota Business Finance | 40 | $15.3M | |
| Live Oak Banking Company | 3 | $5.7M | |
| Ally Dakota Development, Inc. | 15 | $4.6M | |
| South Dakota Development Corporation | 8 | $4.3M | |
| U.S. Bank | 15 | $3.6M | |
| Dacotah Bank | 4 | $3.5M | |
| Byline Bank | 1 | $2.6M | |
| Wells Fargo Bank | 25 | $2.4M |
Detail
Which industries inside the sector
All SBA lending in South Dakota
3,632 loans across every sector.
Professional Services nationally
101,046 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to professional services businesses in South Dakota?
- 193 SBA loans totalling $58,654,000 have been approved for professional, scientific, and technical services projects in South Dakota since FY2010.
- Which lenders finance professional services in South Dakota?
- The most active by dollars approved are Dakota Business Finance, Live Oak Banking Company, Ally Dakota Development, Inc., 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 professional services in South Dakota?
- The median approval is $150,000.
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