SBA acquisition lenders in South Dakota
59 SBA 7(a) change-of-ownership loans in South Dakota, FY2024–FY2026. Lender rankings, typical loan size, rates and the industries changing hands.
- Acquisitions financed
- 59
- Total approved
- $62.2M
- Median loan
- $551K
- Middle half of loans
- $285K to $1.1M
- Median starting rate
- 8.50%
- Median term
- 10 yrs
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Lenders financing the most acquisitions in South Dakota
| # | Lender | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | First Bank & Trust | 11 | 19% | $813K | $11.2M |
| 2 | The First National Bank in Sioux Falls | 9 | 15% | $468K | $6.7M |
| 3 | First Interstate Bank | 6 | 10% | $713K | $7.8M |
| 4 | Black Hills FCU | 4 | 7% | $553K | $3.3M |
| 5 | Dacotah Bank | 2 | 3% | $2.5M | $5.0M |
| 6 | Live Oak Banking Company | 2 | 3% | $2.2M | $4.3M |
| 7 | Heritage Bank Inc | 2 | 3% | $1.3M | $2.5M |
| 8 | Minnwest Bank | 2 | 3% | $833K | $1.7M |
| 9 | First Dakota National Bank | 2 | 3% | $561K | $1.1M |
| 10 | The Huntington National Bank | 2 | 3% | $383K | $766K |
| 11 | Pioneer Bank & Trust | 2 | 3% | $262K | $524K |
| 12 | Titan Bank, National Association | 1 | 2% | $5.0M | $5.0M |
| 13 | Everwise Credit Union | 1 | 2% | $3.8M | $3.8M |
| 14 | CorTrust Bank National Association | 1 | 2% | $2.8M | $2.8M |
| 15 | Customers Bank | 1 | 2% | $1.1M | $1.1M |
What is being bought in South Dakota
| # | Industry | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | Limited-Service Restaurants | 6 | 10% | $813K | $5.4M |
| 2 | Hotels (except Casino Hotels) and Motels | 2 | 3% | $4.4M | $8.8M |
| 3 | Poured Concrete Foundation and Structure Contractors | 2 | 3% | $2.1M | $4.3M |
| 4 | All Other Automotive Repair and Maintenance | 2 | 3% | $2.1M | $4.2M |
| 5 | Automotive Parts and Accessories Retailers | 2 | 3% | $1.6M | $3.2M |
| 6 | General Automotive Repair | 2 | 3% | $1.1M | $2.1M |
| 7 | Gasoline Stations with Convenience Stores | 2 | 3% | $854K | $1.7M |
| 8 | Hardware Retailers | 2 | 3% | $592K | $1.2M |
| 9 | Pet and Pet Supplies Retailers | 2 | 3% | $511K | $1.0M |
| 10 | Machine Shops | 2 | 3% | $383K | $766K |
| 11 | Other Personal Care Services | 2 | 3% | $295K | $590K |
| 12 | Offices of Chiropractors | 2 | 3% | $203K | $406K |
| 13 | Remediation Services | 2 | 3% | $106K | $212K |
| 14 | Electrical Contractors and Other Wiring Installation Contractors | 1 | 2% | $4.8M | $4.8M |
| 15 | Home Centers | 1 | 2% | $3.8M | $3.8M |