Buying a Business in South Dakota
What SBA acquisition lending actually looks like in South Dakota, from loan-level government data.
FY2025 Acquisition Loans
18
$25.8M approved
Median Loan
$500,000
FY2020 through FY2025
Loans Since FY2020
131
$107.5M in total approvals
Share of U.S. Activity
0.4%
Of change-of-ownership loans
Most Active Acquisition Lenders in South Dakota
- 1. The First National Bank in Sioux Falls19 loans
- 2. First Bank & Trust17 loans
- 3. First Interstate Bank16 loans
- 4. Black Hills FCU8 loans
- 5. Pioneer Bank & Trust8 loans
A lender being active in South Dakota does not require a local branch; several top SBA lenders work nationally. Build a shortlist with Lender Match.
What Gets Bought in South Dakota
- Limited-Service Restaurants9 loans
- General Automotive Repair6 loans
- Full-Service Restaurants5 loans
- Poured Concrete Foundation and Structure Contractors4 loans
- Offices of Chiropractors4 loans
Industry-specific pricing and diligence live in the Industry Buy Guides.
Method & Source
Computed from the SBA 7(a) FOIA loan-level dataset (FY2020 through FY2025), filtered to approvals flagged change of ownership with a South Dakota project address. Approvals, not closings; excludes conventional and 504 financing. Free to cite with attribution.
Everything here is educational information, not financial, legal, tax, or investment advice. Figures are estimates or cited third-party data; verify anything that matters against primary sources and your own advisors before acting on it.