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Rates

SBA Lenders in South Dakota

15 SBA-approved lenders headquartered in South Dakota (SD) plus 10 more that actively fund South Dakota borrowers. Tell us about your deal and we'll match you with the right capital source.

Quick Answer

Who are the top SBA lenders in South Dakota?

PeerSense tracks 15 SBA-approved lenders headquartered in South Dakota (SD), plus 10 out-of-state lenders that actively fund South Dakota borrowers. Top by South Dakota-specific volume: Wells Fargo Bank National Association, The Bancorp Bank National Association, Citibank, N.A.. South Dakota HQ lenders have collectively originated $37.9B in SBA volume.

— PeerSense Capital Advisory · Westfield IN · Updated May 16, 2026

15
SD HQ Lenders
10
Out-of-State Funders
$37.9B
Total SBA Volume
Free
Initial Consultation

Top SBA Lenders Headquartered in South Dakota

Ranked by total SBA loan activity. Click any bank for the full profile, NAICS specialization, and franchise lending history.

Wells Fargo Bank National Association

SD
High Volume

Citibank, N.A.

SD
High Volume

The Bancorp Bank National Association

SD
High Volume

First National Bank

SD
Active

Pathward National Association

SD
Active

First Bank & Trust

SD
Active

Black Hills FCU

SD
Active

CorTrust Bank National Association

SD
Active

The First National Bank in Sioux Falls

SD
Active

First PREMIER Bank

SD
Active

Dacotah Bank

SD
Active

Pioneer Bank & Trust

SD
Active

First Dakota National Bank

SD
Active

American Bank and Trust

SD
Active

Home Federal Bank

SD
Active

Out-of-State Lenders Actively Funding South Dakota Borrowers

National banks and multi-state regionals frequently fund South Dakota deals at competitive rates — often with faster underwriting than local-only banks. Ranked by South Dakota-specific SBA volume.

First Interstate Bank

HQ MT · 84 SD loans · $17.6M SD volume

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United Bank of Iowa

HQ IA · 3 SD loans · $1.4M SD volume

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Central Bank

HQ UT · 6 SD loans · $1.2M SD volume

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Midwest Bank

HQ NE · 1 SD loans · $1.2M SD volume

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Minnwest Bank

HQ MN · 6 SD loans · $1.2M SD volume

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Bank of the West

HQ TX · 1 SD loans · $975K SD volume

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BankFirst

HQ NE · 1 SD loans · $700K SD volume

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Sunrise Banks National Association

HQ MN · 2 SD loans · $604K SD volume

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First Fidelity Bank

HQ OK · 4 SD loans · $571K SD volume

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Liberty National Bank

HQ OK · 2 SD loans · $408K SD volume

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Looking for an SBA Lender in South Dakota?

PeerSense matches your deal with the right capital source from our network of 15+ South Dakota lenders and hundreds more nationwide. No retainers — referral fee established upfront and paid at closing.

Tell Us About Your Deal Contact Us

SBA Lending in South Dakota

South Dakota is home to 15 SBA-approved lenders that have collectively originated $37.9B in SBA loan volume. These lenders serve businesses across the state through the SBA 7(a) and 504 loan programs, providing financing for acquisitions, commercial real estate, equipment, and working capital.

Whether you're acquiring a business in South Dakota, expanding an existing operation, or purchasing commercial property, SBA financing offers competitive terms with government-backed guarantees. PeerSense analyzes each lender's activity, deal preferences, and specializations to help you find the best fit.

How PeerSense Helps South Dakota Borrowers

We're a commercial lending advisory firm headquartered in Westfield, Indiana — not a lender. We structure and place deals across SBA, CMBS, private credit, equipment financing, and more. Our team reviews your transaction, identifies the right capital sources, and makes warm introductions to lenders actively funding deals like yours. Most clients receive their first lender introduction within one business day.

Other Capital Programs for South Dakota Borrowers

PeerSense covers the full commercial capital stack for South Dakota operators — beyond SBA. Compare current rates and structures.

CMBS Conduit

5.60–7.10%

10-yr non-recourse fixed, $5M–$500M+, fully assumable

See current rates

Bridge Loans

9.00–14.00%

12–36 mo transitional, SOFR + 470-970 bps, 65-75% LTV

See current rates

DSCR Investor

5.95–8.50%

30-yr fixed rental, qualifies on property cash flow

See current rates

Equipment Financing

5.50–12.00%

Loan, lease, SBA 504, vendor, captive — Section 179 eligible

See current rates

Hotel Financing

5.85–11.75%

CMBS + SBA 504 + bridge + PIP across all flags

See current rates

Mezzanine Debt

11.00–18.00%

Subordinate to senior, $1M–$50M, capital stack fill

See current rates

Private Credit

7.80–18.00%

Non-bank flexibility, unitranche, recap, transitional

See current rates

Invoice Factoring + ABL

0.5–3.5% / 30d

B2B receivables, trucking / staffing / construction / govt

See current rates

No-Doc CRE

7.50–11.50%

Limited-doc commercial, asset-based underwriting

See current rates

Explore More PeerSense Resources

SBA 7(a) & 504 Programs

Rates, eligibility, structure, down payment

Full Lender Directory

Browse all 899+ SBA lenders nationwide

Best SBA Lenders 2026

Ranked by volume, speed, and credit-box fit

SBA by Industry

Lender preferences across 99+ NAICS codes

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