Since fiscal year 2021, at least 18 lenders made 30 SBA loans to Wholesale & Distribution businesses in South Dakota. These are the most active, based on public SBA data.
Most active SBA lenders for Wholesale & Distribution in South Dakota
| # | Lender | Industry loans | Average | To startups | Programs |
|---|---|---|---|---|---|
| 1 | GBC International Bank Los Angeles, CA | 5 | $2,800,000 | 0% | 7(a) |
| 2 | Black Hills FCU Rapid City, SD | 3 | $231,283 | 68% | 7(a), Express |
| 3 | The First National Bank in Sioux Falls Sioux Falls, SD | 3 | $319,661 | 57% | 7(a), Express |
| 4 | BankWest, Inc Pierre, SD | 3 | $483,333 | 0% | 7(a), Express |
| 5 | The Huntington National Bank Columbus, OH | 2 | $231,069 | 56% | 7(a), Express |
| 6 | Northeast Bank Lewiston, ME | 2 | $143,017 | 7% | 7(a) |
| 7 | Colony Bank Fitzgerald, GA | 1 | $100,000 | 0% | Express |
| 8 | First Savings Bank Beresford, SD | 1 | $241,220 | 60% | 7(a), Express |
| 9 | First National Bank Fort Pierre, SD | 1 | $280,470 | 24% | 7(a), Express |
| 10 | First Bank & Trust Brookings, SD | 1 | $656,344 | 29% | 7(a), Express |
Related guide: Loans for Food Distributors
Other industries in South Dakota
- Restaurants & Lodging132 loans
- Construction115 loans
- Retail Stores105 loans
- Personal Services & Repair88 loans
- Health Care66 loans
- Manufacturing56 loans
- Trucking & Transportation51 loans
- Professional Services43 loans
← All SBA lenders in South Dakota
Frequently asked questions
Which lenders make the most SBA loans to Wholesale & Distribution businesses in South Dakota?
Based on public SBA data, the most active were GBC International Bank, Black Hills FCU, The First National Bank in Sioux Falls.
How many SBA loans did Wholesale & Distribution businesses get in South Dakota?
30 SBA loans since fiscal year 2021, from at least 18 different lenders.
Which SBA loan fits a Wholesale & Distribution 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.