South Dakota · Retail
SBA loans for retail in South Dakota
364 loans worth $199.3M approved since FY2010 for retail trade projects located in South Dakota.
Loans
364
Approved
$199.3M
Median loan
$265,000
+6% vs sector nationally
Median rate
6.00%
Jobs supported
3,298
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 retail in South Dakota
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Ally Dakota Development, Inc. | 56 | $51.3M | |
| Dakota Business Finance | 53 | $30.5M | |
| South Dakota Development Corporation | 19 | $13.4M | |
| Wells Fargo Bank | 33 | $10.9M | |
| BankWest, Inc | 12 | $6.8M | |
| First National Bank of Omaha | 18 | $5.8M | |
| Live Oak Banking Company | 4 | $5.0M | |
| Platte Valley Bank | 1 | $5.0M |
Detail
Which industries inside the sector
All SBA lending in South Dakota
3,632 loans across every sector.
Retail nationally
91,542 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to retail businesses in South Dakota?
- 364 SBA loans totalling $199,264,700 have been approved for retail trade projects in South Dakota since FY2010.
- Which lenders finance retail in South Dakota?
- The most active by dollars approved are Ally Dakota Development, Inc., Dakota Business Finance, South Dakota Development Corporation, Wells Fargo Bank. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for retail in South Dakota?
- The median approval is $265,000, 6% above the national median for this sector ($250,000).
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