SBA Loans for Boat Dealers in South Dakota: Top Lenders
NAICS 441NAICS 441 covers boat dealers businesses in South Dakota. Based on historical SBA 7(a) lending data.
Total Approvals
4
in South Dakota
Median Loan Size
$1,230,900
per approval
Recent Activity
0
last 90 days through Mar 2025
NAICS 441 covers boat dealers businesses. This is a smaller category in SBA 7(a) lending with 4 approvals on record and a median loan size of $1,230,900.
Key trends & insights
- Boat Dealers in South Dakota lending is concentrated — First Bank & Trust, Cortrust Bank, National Association, United Prairie Bank together account for 100% of all approvals. If you're in this industry, these are your highest-probability lenders.
- First Bank & Trust leads this industry with 2 approvals (50% market share) and a median loan of $1,225,900.
- Boat Dealers in South Dakota loans run larger than the SBA average — a $1,230,900 median vs. ~$450,000 across all industries. These businesses typically need more capital.
- SBA data for this industry goes through 2025-03-26 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for Boat Dealers in South Dakota
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 2 | $1,225,900 | |
| 2 | 1 | $2,777,000 | |
| 3 | 1 | $360,000 |
Recent SBA 7(a) approvals for Boat Dealers in South Dakota
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-03 | CorTrust Bank National Association | Dri*****nc. | Sioux Falls, SD | $2,777,000 |
| 2024-04 | Wells Fargo Bank National Association | 605*****LLC | WATERTOWN, SD | $15,000 |
| 2022-06 | Black Hills FCU | Des*****LLC | RAPID CITY, SD | $59,900 |
| 2021-08 | United Prairie Bank | Nor*****LLC | WATERTOWN, SD | $360,000 |
| 2021-03 | First Interstate Bank | D ****LLC | Sioux Falls, SD | $247,500 |
| 2021-03 | First Interstate Bank | D ****LLC | Sioux Falls, SD | $100,000 |
| 2021-03 | Wells Fargo Bank National Association | Riv*****LLC | PIERRE, SD | $2,419,500 |
| 2020-09 | Midwest Bank | ALL*****NC. | Yankton, SD | $470,000 |
| 2020-08 | First PREMIER Bank | GSS*****LLC | Sioux Falls, SD | $593,400 |
| 2020-07 | The First National Bank in Sioux Falls | C &*****nc. | Lennox, SD | $480,000 |
| 2020-04 | First Bank & Trust | Got*****LLC | Sioux Falls, SD | $2,101,800 |
| 2020-02 | First Bank & Trust | Got*****LLC | Sioux Falls, SD | $350,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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