Access the Top SBA Lending for South Dakota Small Business
South Dakota State boasts beauty and a strong community spirit providing an inviting setting, for business achievement. Entrepreneurs exploring Sioux Falls or the serene Black Hills will find opportunities to flourish. Small businesses, in South Dakota have the opportunity to benefit from notch SBA lending programs, which can provide them with the assistance they need to drive their ventures forward.
South Dakota
The Mount Rushmore State
89,679 small businesses
209,638 small business employees
Source: US SBA Office of Advocacy - 2023 Report
Up to $500K Available
8.5% as of 2/2024 | 2 weeks to fund
If you are a small business owner considering an SBA loan, we suggest doing one of two things:

See if you qualify by taking 3 minutes to fill out the Application here.

This is the fastest way to get answers about an SBA loan. It will provide us with everything needed to get an approval.
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Business Dynamic of South Dakota
Between March 2021 and March 2022, 4,321 South Dakota establishments opened and 2,664 closed, for a net increase of 1,657. Employment expanded at 8,001 establishments and contracted at 6,335. Small businesses accounted for 4,082 openings and 2,524 closings.
Establishments in South Dakota
Employment in South Dakota
Between March 2021 and March 2022, 4,321 South Dakota establishments opened and 2,664 closed, for a net increase of 1,657. Employment expanded at 8,001 establishments and contracted at 6,335. Small businesses accounted for 4,082 openings and 2,524 closings.
Source: Business Employment Dynamics (BLS)
Small Business Loans in South Dakota
The Community Reinvestment Act requires large banks to report new small business loans. In 2021, reporting banks issued $586.8 million in loans to South Dakota businesses with revenues of $1 million or less. Total reported new lending to businesses through loans of $100,000 or less was $373.8 million. Total reported new lending to businesses through loans of $1 million or less was $1.3 billion.
New lending to businesses with revenues under $1 million
Source: CRA Aggregate Data (FFIEC)
Industries and Employment of South Dakota's Small Businesses
Source: Business Employment Dynamics (BLS)
Business Ownership Share by Demographic in South Dakota
Business Count by Demographic in South Dakota
Total South Dakota Employement by Business Size
Small Business Employment and Payroll by Industry in South Dakota
Source: Business Employment Dynamics (BLS)