SBA Loans for General Automotive Repair in South Dakota: Top Lenders
NAICS 811NAICS 811 covers general automotive repair businesses in South Dakota. Based on historical SBA 7(a) lending data.
Total Approvals
9
in South Dakota
Median Loan Size
$180,000
per approval
Recent Activity
0
last 90 days through Aug 2024
NAICS 811 covers general automotive repair businesses. This is a smaller category in SBA 7(a) lending with 9 approvals on record and a median loan size of $180,000.
Key trends & insights
- General Automotive Repair in South Dakota lending is concentrated — U.s. Bank, National Association, Highmark FCU, Bank Midwest together account for 67% of all approvals. If you're in this industry, these are your highest-probability lenders.
- U.s. Bank, National Association leads this industry with 3 approvals (33% market share) and a median loan of $256,500.
- General Automotive Repair in South Dakota loans skew smaller than the SBA average at $180,000 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 2024-08-13 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for General Automotive Repair in South Dakota
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 3 | $256,500 | |
| 2 | 2 | $221,750 | |
| 3 | 1 | $113,700 | |
| 4 | 1 | $203,000 | |
| 5 | 1 | $9,900 | |
| 6 | 1 | $25,000 |
Recent SBA 7(a) approvals for General Automotive Repair in South Dakota
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2024-08 | U.S. Bank, National Association | Bea*****LLC | BELLE FOURCHE, SD | $256,500 |
| 2024-04 | U.S. Bank, National Association | COL*****NC. | WATERTOWN, SD | $180,000 |
| 2024-01 | U.S. Bank, National Association | Cro*****LLC | WATERTOWN, SD | $935,500 |
| 2023-12 | Black Hills FCU | ALT*****INC | RAPID CITY, SD | $60,000 |
| 2023-12 | The First National Bank in Sioux Falls | Hof*****Inc | Sioux Falls, SD | $468,000 |
| 2022-01 | Highmark FCU | Kin*****LLC | Belle Fourche, SD | $418,500 |
| 2021-12 | Bank Midwest | Sio*****ent | SIOUX FALLS, SD | $113,700 |
| 2021-12 | Wells Fargo Bank National Association | ASH*****LLC | PINE RIDGE, SD | $15,000 |
| 2021-11 | The First National Bank in Sioux Falls | Int*****Inc | Dell Rapids, SD | $203,000 |
| 2021-06 | Highmark FCU | Mil*****LLC | Rapid City, SD | $25,000 |
| 2021-02 | Minnwest Bank | CST*****ive | SIOUX FALLS, SD | $580,000 |
| 2021-01 | Wells Fargo Bank National Association | ANG*****LLC | TEA, SD | $9,900 |
| 2020-05 | Black Hills FCU | Ray*****LLC | RAPID CITY, SD | $25,000 |
| 2020-04 | Black Hills FCU | Ray*****LLC | Rapid City, SD | $1,521,300 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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