Small Business Owner Resource
The past, present, and future of SBA 7(a) lending for South Dakota.
In 2022 there were 32 SBA lenders that approved 122 SBA 7(a) loans for projects in South Dakota totaling $40,736,200. The average loan amount was $333,903. Borrowers from 37 cities were approved for projects in South Dakota for 79 industries. The SBA loan approvals in 2022 represent 1,156 jobs supported or saved in South Dakota.
There were 13 franchise branded businesses receiving 17 loan approvals for $4,673,800 with an average loan amount of $274,929.
Our forecast model projects $43 million in total South Dakota SBA 7(a) loan approval amounts in 2023 with $6.7 million to franchise businesses.
South Dakota Lending Data For All SBA 7(a) Loans:
Data updated through 12/31/2022. See SBADNA Data Source & Methodology for more details.
South Dakota Lending Data For Franchise SBA 7(a) Loans Only:
Data updated through 12/31/2022. See SBADNA Data Source & Methodology for more details.
This intel is provided by SBADNA, an SBAmatch sister company.
Our SBA Lending Experts can leverage this intel with long-standing banking relationships to help you find the right loan for FREE.
