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SBA loans to hotels in South Dakota: lenders, volume and loan sizes

Compiled by Matthews Hotel Markets · Last updated: September 18, 2026 · SBA data as of June 30, 2026

From FY2021 to FY2025, SBA approved 39 loans to hotels and motels in South Dakota for $57.9 million: 10 under 7(a) and 29 under 504, per SBA loan-level data as of June 30, 2026. That is 0.7% of the 5,298 SBA hotel loans approved nationally in those years, which ranks South Dakota 35th of 53 states and territories by loan count. In FY2025 alone, South Dakota had 9 SBA hotel loans. No single name is on more than 1 of the 7(a) hotel loans in South Dakota from FY2023 to FY2025.

What stands out in South Dakota

  • The 504 program makes up 74.4% of SBA hotel loans in South Dakota from FY2021 to FY2025, versus 26.8% nationally. The rest are 7(a) loans.
  • The median 7(a) hotel loan in South Dakota was $1.78 million, 25.7% below the national median of $2.40 million for the same years. The median 504 debenture was $962,000, 54.5% below the national $2.12 million.
  • 4 different lenders are named on the 4 7(a) hotel loans in South Dakota from FY2023 to FY2025. The five with the most loans account for 100.0% of them.
  • SBA hotel lending in South Dakota peaked in FY2021 with 12 loans. FY2025 had 9.
  • FY2026 is a partial year in this release. Through June 30, 2026, SBA had approved 2 hotel loans in South Dakota.

What is counted. A loan counts toward South Dakota when SBA reports South Dakota as the project state, which is where the hotel is, not where the lender or borrower is based. Where SBA left the project state blank, the borrower state is used. Hotels means NAICS 721110, and cancelled loans are excluded. Dollar figures, averages and medians are withheld in any cell with fewer than three loans, because they would describe a single loan. The full method is on the national page. SBA loans to hotels, national figures and methodology

South Dakota against the national figures

All figures cover FY2021 to FY2025, the five most recent full SBA fiscal years. For 7(a), loan size is the full loan. For 504 it is the SBA/CDC debenture only, so the hotel project behind it is larger.

SBA hotel lending in South Dakota and the United States, FY2021 to FY2025
MeasureSouth DakotaUnited States
SBA hotel loans395,298
7(a) loans103,879
504 loans291,419
504 share of loans74.4%26.8%
Gross approval, both programs$57.9 million$13.41 billion
Median 7(a) loan$1.78 million$2.40 million
Average 7(a) loan$2.04 million$2.58 million
Median 504 debenture$962,000$2.12 million
Average 504 debenture$1.29 million$2.39 million
Share of national SBA hotel loans0.7%100.0%
Share of national gross approval0.4%100.0%
Rank among states and territories, by loans35th of 53n/a

SBA hotel loans in South Dakota by fiscal year

Approvals by SBA fiscal year, which ends September 30 and is named for the year it ends in. For 504, gross approval is the SBA/CDC debenture only. "Withheld" marks a year and program with one or two loans in South Dakota.

SBA hotel loans approved in South Dakota by fiscal year, 7(a) and 504, FY2010 to FY2026Grouped bar chart. FY2010: 7(a) 1, 504 2. FY2011: 7(a) 0, 504 8. FY2012: 7(a) 1, 504 8. FY2013: 7(a) 1, 504 4. FY2014: 7(a) 0, 504 4. FY2015: 7(a) 1, 504 5. FY2016: 7(a) 4, 504 2. FY2017: 7(a) 2, 504 9. FY2018: 7(a) 2, 504 6. FY2019: 7(a) 1, 504 3. FY2020: 7(a) 3, 504 3. FY2021: 7(a) 5, 504 7. FY2022: 7(a) 1, 504 4. FY2023: 7(a) 2, 504 5. FY2024: 7(a) 0, 504 6. FY2025: 7(a) 2, 504 7. FY2026 (partial): 7(a) 1, 504 1.0246810'10'11'12'13'14'15'16'17'18'19'205'21'22'23'242'25'26partial7(a) loans504 loansSBA fiscal year of approval
Number of SBA loans to hotels in South Dakota by fiscal year of approval, NAICS 721110, cancelled loans excluded. FY2026 covers October 1, 2025 to June 30, 2026 only. The same counts are in the table below.
SBA hotel loan approvals in South Dakota by fiscal year and program
Fiscal year7(a) loans7(a) gross approval504 loans504 gross approvalAll SBA hotel loans
FY2026 (partial)1Withheld1Withheld2
FY20252Withheld7$11.3M9
FY20240$06$7.1M6
FY20232Withheld5$5.3M7
FY20221Withheld4$7.2M5
FY20215$7.9M7$6.7M12
FY20203$1.1M3$3.0M6
FY20191Withheld3$6.1M4
FY20182Withheld6$2.8M8
FY20172Withheld9$7.1M11
FY20164$6.2M2Withheld6
FY20151Withheld5$6.6M6
FY20140$04$3.5M4
FY20131Withheld4$4.7M5
FY20121Withheld8$11.8M9
FY20110$08$12.7M8
FY20101Withheld2Withheld3

Top SBA hotel lenders in South Dakota, FY2023 to FY2025

Lenders and certified development companies are ranked by the number of hotel loans in South Dakota from FY2023 to FY2025, the three most recent full fiscal years, using names exactly as SBA reports them. SBA defines the 7(a) name as the bank the loan is currently assigned to. Lenders with the same count are ordered by dollars. A ranking here is a count of public records. It is not a recommendation, and Matthews Hotel Markets has no arrangement with any lender on it.

7(a) lenders with the most hotel loans in South Dakota

4 7(a) hotel loans in South Dakota from FY2023 to FY2025, from 4 different lenders. No single name is on more than 1 of the 7(a) hotel loans in South Dakota from FY2023 to FY2025.

Top 7(a) hotel lenders in South Dakota by loan count, FY2023 to FY2025
Rank7(a) lender, as SBA reports itHotel loansShare of the state's loans in this programGross approval
1Titan Bank, National Association125.0%Withheld
2Everwise Credit Union125.0%Withheld
3Hanover Community Bank125.0%Withheld
4First Service Bank125.0%Withheld

504 certified development companies with the most hotel loans in South Dakota

18 504 hotel loans in South Dakota from FY2023 to FY2025, through 3 different CDCs. Dakota Business Finance is named on the most 504 hotel loans in South Dakota from FY2023 to FY2025: 9.

Top 504 CDCs for hotels in South Dakota by loan count, FY2023 to FY2025
Rank504 CDC, as SBA reports itHotel loansShare of the state's loans in this programGross approval
1Dakota Business Finance950.0%$11.6M
2South Dakota Development Corporation633.3%$8.7M
3Ally Dakota Development, Inc.316.7%$3.4M

How big are SBA hotel loans in South Dakota?

Loan size by gross approval, FY2021 to FY2025. The most common 7(a) hotel loan size in South Dakota is $1.0 million to $1.99 million, with 40.0% of loans, against 23.7% nationally in the same band. 10.0% of South Dakota's 7(a) hotel loans are in the top band, at the $5 million 7(a) limit, against 12.9% nationally. Bands show loan counts only.

SBA hotel loan size distribution in South Dakota and nationally, FY2021 to FY2025
Gross approval7(a) loans in South DakotaShare in South DakotaShare nationally, 7(a)504 loans in South DakotaShare in South Dakota, 504Share nationally, 504
Under $350,000110.0%5.6%13.4%3.0%
$350,000 to $999,999110.0%11.8%1448.3%18.6%
$1.0 million to $1.99 million440.0%23.7%724.1%25.2%
$2.0 million to $3.49 million220.0%28.7%724.1%28.6%
$3.5 million to $4.99 million110.0%17.3%00.0%16.1%
$5.0 million and over110.0%12.9%00.0%8.5%

Methodology

These figures are the South Dakota slice of our national compilation of SBA's "7(a) & 504 FOIA" loan-level files, as of June 30, 2026. The source files, the definitions, the caveats (approvals are not disbursements, NAICS codes are self-reported, lender names are not merged) and the reconciliation are on the national page, along with JSON and CSV downloads that include every state. SBA loans to hotels, national figures and methodology

Cite as

SBA's underlying loan data is a U.S. government work in the public domain. This compilation is published under CC BY 4.0. Cite SBA for the raw data and this page for the state aggregates. License: CC BY 4.0

Matthews Hotel Markets. "SBA loans to hotels in South Dakota: lenders, volume and loan sizes." https://matthewshotelmarkets.com/data/sba-hotel-lending/south-dakota. SBA data as of 2026-06-30. Last updated 2026-09-18.

Sources

  1. 7(a) & 504 FOIA dataset · U.S. Small Business Administration · files as of June 30, 2026; read September 18, 2026
  2. 7(a) and 504 FOIA Data Dictionary · U.S. Small Business Administration · defines GrossApproval, LoanStatus, BankName and the other fields used here; read September 18, 2026
  3. Dataset record for SBA-OHA-2016-08-001 (license, update frequency, file list) · U.S. Small Business Administration · read September 18, 2026
  4. 7(a) loans (maximum loan amount) · U.S. Small Business Administration · read September 18, 2026

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SBA hotel lending in other states

Every state with at least 25 SBA hotel loans from FY2021 to FY2025 has a page. The number in brackets is that state's loan count for those years.