SBA Loans for Restaurants & Lodging in South Dakota
Since fiscal year 2021, at least 42 lenders made 132 SBA loans to Restaurants & Lodging businesses in South Dakota. These are the most active, based on public SBA data.
Most active SBA lenders for Restaurants & Lodging in South Dakota
| # | Lender | Industry loans | Average | To startups | Programs |
|---|---|---|---|---|---|
| 1 | Black Hills FCU Rapid City, SD | 20 | $231,283 | 68% | 7(a), Express |
| 2 | The First National Bank in Sioux Falls Sioux Falls, SD | 19 | $319,661 | 57% | 7(a), Express |
| 3 | First Bank & Trust Brookings, SD | 14 | $656,344 | 29% | 7(a), Express |
| 4 | First Interstate Bank Billings, MT | 8 | $524,794 | 56% | 7(a), Express |
| 5 | First National Bank Fort Pierre, SD | 4 | $280,470 | 24% | 7(a), Express |
| 6 | The Huntington National Bank Columbus, OH | 4 | $231,069 | 56% | 7(a), Express |
| 7 | U.S. Bank, National Association Cincinnati, OH | 4 | $165,700 | 39% | 7(a), Express |
| 8 | Celtic Bank Corporation Salt Lake City, UT | 4 | $645,825 | 38% | 7(a) |
| 9 | Stearns Bank National Association Saint Cloud, MN | 3 | $203,643 | 57% | 7(a) |
| 10 | Pioneer Bank & Trust Belle Fourche, SD | 3 | $145,321 | 61% | 7(a), Express |
Related guide: SBA Loans for Restaurants
Other industries in South Dakota
- Construction115 loans
- Retail Stores105 loans
- Personal Services & Repair88 loans
- Health Care66 loans
- Manufacturing56 loans
- Trucking & Transportation51 loans
- Professional Services43 loans
- Cleaning, Landscaping & Admin41 loans
← All SBA lenders in South Dakota
Frequently asked questions
Which lenders make the most SBA loans to Restaurants & Lodging businesses in South Dakota?
Based on public SBA data, the most active were Black Hills FCU, The First National Bank in Sioux Falls, First Bank & Trust.
How many SBA loans did Restaurants & Lodging businesses get in South Dakota?
132 SBA loans since fiscal year 2021, from at least 42 different lenders.
Which SBA loan fits a Restaurants & Lodging business?
Most use a 7(a) for equipment, build-out, working capital or buying a business, and a 504 to buy their building. For under $50,000, look at Microloans.
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Data: approved loans published by the SBA. Past lending does not guarantee your approval. We are not a lender and are not affiliated with the SBA.