South Dakota
Top SBA lenders in Sioux Falls
Businesses in the Sioux Falls area have received $521M across 1,057 approved SBA 7(a) & 504 loans (FY2010–present). Here are the lenders that funded the most, by real approval volume.
| # | Lender | SBA approvals in Sioux Falls | Rating |
|---|---|---|---|
| 1 | The First National Bank in Sioux Falls | $60M | 4.0(24) |
| 2 | First Dakota National Bank | $51M | 3.4(7) |
| 3 | First National Bank | $43M | 5.0(1) |
| 4 | First Interstate Bank | $37M | 3.0(35) |
| 5 | First PREMIER Bank | $35M | 2.6(82) |
| 6 | Minnwest Bank | $25M | 5.0(6) |
| 7 | Dacotah Bank | $25M | 4.3(6) |
| 8 | Wells Fargo Bank National Association | $25M | 3.0(23) |
| 9 | CorTrust Bank National Association | $17M | 3.6(14) |
| 10 | American Bank and Trust | $14M | 5.0(2) |
| 11 | Reliabank Dakota | $11M | 4.5(16) |
| 12 | Live Oak Banking Company | $10M | 3.4(145) |
| 13 | Plains Commerce Bank | $9M | 3.8(59) |
| 14 | First Savings Bank | $8M | 4.7(9) |
| 15 | Bank Midwest | $7M | 5.0(9) |
Source: U.S. SBA 7(a) & 504 FOIA loan-approval records (FY2010–present), by borrower project location. See all South Dakota SBA lenders →
SBA lenders in Sioux Falls — common questions
Which SBA lender is most active in Sioux Falls?
The First National Bank in Sioux Falls has approved the most SBA 7(a) & 504 funding for Sioux Falls-area businesses — $60M in total. The full ranking of the most active lenders is on this page, sourced from public SBA FOIA loan-approval records.
How much SBA funding have Sioux Falls businesses received?
Businesses in the Sioux Falls area have received $521M across 1,057 approved SBA 7(a) & 504 loans since FY2010, based on public SBA FOIA loan-approval records by borrower project location.
Do I have to use an SBA lender based in Sioux Falls?
No. SBA loans are federal, so a national or out-of-state lender can fund your Sioux Falls business — national SBA lenders like Live Oak Bank and Newtek lend in all 50 states. A local lender helps most when your deal needs site visits or local market knowledge.
How are the top Sioux Falls SBA lenders ranked?
By total gross SBA loan approvals to borrowers in the Sioux Falls area, from the U.S. SBA's public FOIA 7(a) & 504 data (FY2010–present) — real approval volume, not advertising.
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