# Buying a Business in South Dakota: SBA Lending

Change-of-ownership SBA 7(a) approvals in South Dakota, FY2020 through FY2025. Every figure is read from SBA 7(a) FOIA loan-level dataset (as of June 30, 2026).

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Also on this site: https://searchspheresource.com/data/acquisition-lending
Source: https://searchspheresource.com/data/acquisition-lending/south-dakota
Last checked: 2026-10-02

## The Numbers

- Loans since FY2020: 131, $107,465,000 approved in total
- FY2025 loans: 18, $25,782,400 approved
- Median loan: $500,000
- Share of national acquisition lending: 0.4%

## The Most Active Lenders in South Dakota

Ranked by change-of-ownership loans written in the covered years. A bank high here is a bank that has already said yes to this kind of deal in this state.

1. The First National Bank in Sioux Falls: 19 loans
2. First Bank & Trust: 17 loans
3. First Interstate Bank: 16 loans
4. Black Hills FCU: 8 loans
5. Pioneer Bank & Trust: 8 loans

## What Gets Financed in South Dakota

- Limited-Service Restaurants: 9 loans
- General Automotive Repair: 6 loans
- Full-Service Restaurants: 5 loans
- Poured Concrete Foundation and Structure Contractors: 4 loans
- Offices of Chiropractors: 4 loans

## Method and Source

- SBA 7(a) FOIA loan-level dataset (as of June 30, 2026): https://data.sba.gov/dataset/7a-504-foia
- Coverage: FY2020 through FY2025
- Segment: SBA 7(a) approvals with BusinessAge "Change of Ownership"

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