
SBA Lenders in South Dakota
55 SBA lenders have funded 2,878 approved SBA loans for South Dakota businesses.
26 are based in South Dakota; the rest are national or multi-state lenders that actively fund South Dakota businesses.
Featured in South Dakota
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Credit Union4.4(109)Featured
Bank4.4(71)
SBA lenders serving South Dakota
All 55 lenders that fund SBA loans for South Dakota businesses — 26 based in South Dakota, plus national and multi-state lenders. Multi-state listings link to their branch finder for South Dakota.
51 lenders
Bank5.0(9)
Minnwest Bank
300 S Washington St
Redwood Falls, Minnesota
Serves South Dakota — 78 approved
Find a local branch →Bank5.0(6)


American State Bank
1000 Jeffreys Dr
Sioux Center, Iowa
Serves South Dakota — 6 approved
Find a local branch →Bank4.9(180)
Bank4.3(8)

Cornerstone Bank
2280 45th St South
Fargo, North Dakota
Serves South Dakota — 11 approved
Find a local branch →Bank4.2(55)
Liberty National Bank
4425 Singing Hills Blvd
Sioux City, Iowa
Serves South Dakota — 15 approved
Find a local branch →Bank4.2(5)

Celtic Bank Corporation
268 S State St, Ste 300
Salt Lake City, Utah
Serves South Dakota — 17 approved
Find a local branch →Bank4.1(348)
Choice Financial Group
4501 23rd Ave South
Fargo, North Dakota
Serves South Dakota — 6 approved
Find a local branch →Bank4.1(25)
Shoreham Bank
One Shoreham Way
Warwick, Rhode Island
Serves South Dakota — 5 approved
Find a local branch →Bank4.0(557)
Credit Union4.0(95)
BayFirst National Bank
700 Central Avenue
Saint Petersburg, Florida
Serves South Dakota — 18 approved
Find a local branch →Bank4.0(84)
Credit Union4.0(24)
Bank4.0(24)
Security First Bank
5505 Red Rock Lane
Lincoln, Nebraska
Serves South Dakota — 22 approved
Find a local branch →Bank3.9(16)

Heritage Bank Inc
1818 Florence Pike
Burlington, Kentucky
Serves South Dakota — 5 approved
Find a local branch →Bank3.8(6)


Heritage Bank, National Association
110 South St West
Spicer, Minnesota
Serves South Dakota — 15 approved
Find a local branch →Bank3.7(9)
Bank3.7(3)
Readycap Lending, LLC
200 Connell Drive
Berkeley Heights, New Jersey
Serves South Dakota — 12 approved
Find a local branch →Bank3.6(95)
United Midwest Savings Bank National Association
101 S Main St
De Graff, Ohio
Serves South Dakota — 16 approved
Find a local branch →Bank3.5(6)
Live Oak Banking Company
1741 Tiburon Dr
Wilmington, North Carolina
Serves South Dakota — 16 approved
Find a local branch →Bank3.4(145)

Stearns Bank National Association
4191 2nd St South
Saint Cloud, Minnesota
Serves South Dakota — 16 approved
Find a local branch →Bank3.3(34)Red River State Bank
300 2nd Ave, West
Halstad, Minnesota
Serves South Dakota — 8 approved
Find a local branch →Bank3.3(7)
First Interstate Bank
401 N 31st St
Billings, Montana
Serves South Dakota — 335 approved
Find a local branch →Bank3.0(35)- Bank3.0(23)


First National Bank of Omaha
1601 Capitol Ave
Omaha, Nebraska
Serves South Dakota — 54 approved
Find a local branch →Bank2.5(150)
Byline Bank
180 N LaSalle St, Ste 300
Chicago, Illinois
Serves South Dakota — 8 approved
Find a local branch →Bank2.5(18)Old National Bank
One Main St
Evansville, Indiana
Serves South Dakota — 8 approved
Find a local branch →Bank2.4(49)
Skip the calling-around in South Dakota
Tell us your loan size and timeline. We'll shortlist the 3 South Dakota lenders most likely to fund your deal. Free, and your info only goes to lenders you approve.
Get My South Dakota ShortlistSouth Dakota SBA lender questions
How many SBA lenders serve South Dakota?
55 lenders have funded SBA loans for South Dakota businesses (2,878 approved loans in total) — 26 based in South Dakota, plus national and multi-state lenders that fund South Dakota borrowers. Counts are sourced from SBA loan records by borrower location.
Can I use an SBA lender outside South Dakota?
Yes. SBA loans are federal, so an out-of-state lender can fund your South Dakota business. National SBA lenders like Live Oak Bank and Newtek lend in all 50 states. A local lender still helps when the deal needs site visits or local market knowledge.
Who is the best SBA lender in South Dakota?
"Best" depends on your loan size and industry, but Google ratings are a fair starting signal. First Savings Bank currently holds the top rating among South Dakota-based SBA lenders at 4.7 stars. Preferred (PLP) lenders move fastest on approval timelines.
