SBA Loans for General Freight Trucking in South Dakota: Top Lenders
NAICS 484NAICS 484 covers general freight trucking, local businesses in South Dakota. Based on historical SBA 7(a) lending data.
Total Approvals
12
in South Dakota
Median Loan Size
$74,000
per approval
Recent Activity
0
last 90 days through Aug 2024
NAICS 484 covers general freight trucking, local businesses. This is a smaller category in SBA 7(a) lending with 12 approvals on record and a median loan size of $74,000.
Key trends & insights
- General Freight Trucking in South Dakota lending is concentrated — Wells Fargo Bank, National Association, Black Hills FCU, Newtek Small Business Finance, INC. together account for 67% of all approvals. If you're in this industry, these are your highest-probability lenders.
- Wells Fargo Bank, National Association leads this industry with 3 approvals (25% market share) and a median loan of $15,000.
- General Freight Trucking in South Dakota loans skew smaller than the SBA average at $74,000 median (vs. ~$450,000 overall) — good news if you need a smaller amount and want to avoid lenders with high minimums.
- SBA data for this industry goes through 2024-08-19 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for General Freight Trucking in South Dakota
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 3 | $15,000 | |
| 2 | 3 | $60,000 | |
| 3 | 2 | $1,022,500 | |
| 4 | 1 | $150,000 | |
| 5 | 1 | $350,000 | |
| 6 | 1 | $250,000 | |
| 7 | 1 | $15,000 |
Recent SBA 7(a) approvals for General Freight Trucking in South Dakota
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2024-08 | Levo Federal Credit Union | JRo*****LLC | SIOUX FALLS, SD | $15,000 |
| 2024-06 | Northeast Bank | D&G*****LLC | Brandon, SD | $250,000 |
| 2024-06 | Wells Fargo Bank National Association | ROM*****LLC | HARRISBURG, SD | $5,000 |
| 2024-03 | Wells Fargo Bank National Association | FRI*****LLC | RAPID CITY, SD | $20,000 |
| 2022-06 | Wells Fargo Bank National Association | TIG*****LLC | AURORA, SD | $15,000 |
| 2022-04 | Black Hills FCU | PAT*****LLC | RAPID CITY, SD | $88,000 |
| 2022-04 | Black Hills FCU | PAT*****LLC | RAPID CITY, SD | $60,000 |
| 2020-08 | Black Hills FCU | Ski*****LLC | LENNOX, SD | $33,000 |
| 2020-07 | First National Bank | Jer*****ers | BOX ELDER, SD | $104,000 |
| 2020-05 | First Savings Bank | Joh*****ing | WATAUGA, SD | $150,000 |
| 2019-12 | Newtek Small Business Finance, Inc. | Fre*****nc. | WATERTOWN, SD | $830,000 |
| 2019-12 | Newtek Small Business Finance, Inc. | Fre*****nc. | WATERTOWN, SD | $1,215,000 |
| 2019-11 | Cadence Bank | RC *****LLC | SIOUX FALLS, SD | $350,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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