SBA Loans for Hotels (except Casino Hotels) and Motels in South Dakota: Top Lenders
NAICS 721NAICS 721 covers hotels (except casino hotels) and motels businesses in South Dakota. Based on historical SBA 7(a) lending data.
Total Approvals
4
in South Dakota
Median Loan Size
$1,431,850
per approval
Recent Activity
0
last 90 days through Jun 2021
NAICS 721 covers hotels (except casino hotels) and motels businesses. This is a smaller category in SBA 7(a) lending with 4 approvals on record and a median loan size of $1,431,850.
Key trends & insights
- Hotels (except Casino Hotels) and Motels in South Dakota lending is concentrated — Celtic Bank, CORP., T Bank, National Association, Black Hills FCU together account for 100% of all approvals. If you're in this industry, these are your highest-probability lenders.
- Celtic Bank, CORP. leads this industry with 2 approvals (50% market share) and a median loan of $1,993,250.
- Hotels (except Casino Hotels) and Motels in South Dakota loans run larger than the SBA average — a $1,431,850 median vs. ~$450,000 across all industries. These businesses typically need more capital.
- SBA data for this industry goes through 2021-06-30 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for Hotels (except Casino Hotels) and Motels in South Dakota
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 2 | $1,993,250 | |
| 2 | 1 | $1,098,700 | |
| 3 | 1 | $762,500 |
Recent SBA 7(a) approvals for Hotels (except Casino Hotels) and Motels in South Dakota
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-07 | Farmers State Bank of Alto Pass, Illinois | PAT*****LLC | SPEARFISH, SD | $2,200,000 |
| 2025-06 | VelocitySBA, LLC | Sol*****LLC | CUSTER, SD | $1,792,000 |
| 2023-10 | Legends West Bank | Bla*****LLC | Bell Fourche, SD | $2,300,000 |
| 2023-08 | First Service Bank | Buf*****LLC | GARY, SD | $1,461,000 |
| 2023-07 | Hanover Community Bank | Sio*****NC. | PIERRE, SD | $2,050,000 |
| 2023-01 | Enterprise Bank & Trust | MA *****LLC | Rapid City, SD | $3,071,000 |
| 2022-02 | Black Hills FCU | Sob****LLC | Caputa, SD | $1,172,700 |
| 2021-08 | Pioneer Bank & Trust | Tim*****LLC | KEYSTONE, SD | $697,500 |
| 2021-08 | Sentinel FCU | Pam*****LLC | Custer, SD | $417,700 |
| 2021-06 | Celtic Bank Corporation | S8W*****LC. | Watertown, SD | $2,221,500 |
| 2021-06 | Celtic Bank Corporation | ELW*****LC. | Watertown, SD | $1,765,000 |
| 2021-02 | T Bank, National Association | J-P*****LLC | CUSTER, SD | $1,098,700 |
| 2020-12 | First Western SBLC, Inc | Twi*****nc. | PIERRE, SD | $1,800,000 |
| 2020-03 | Dacotah Bank | San*****LLC | Custer, SD | $196,900 |
| 2020-02 | Black Hills FCU | Wei*****LLC | Hill City, SD | $762,500 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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