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SBA Loans for Electrical Contractors in South Dakota: Top Lenders

NAICS 238

NAICS 238 covers plumbing, heating, and air-conditioning contractors businesses in South Dakota. Based on historical SBA 7(a) lending data.

Total Approvals

11

in South Dakota

Median Loan Size

$500,000

per approval

Recent Activity

1

last 90 days through Aug 2025

NAICS 238 covers plumbing, heating, and air-conditioning contractors businesses. This is a smaller category in SBA 7(a) lending with 11 approvals on record and a median loan size of $500,000.

Key trends & insights

  • Electrical Contractors in South Dakota lending is concentrated — U.s. Bank, National Association, Highmark FCU, First Bank & Trust together account for 64% 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 (27% market share) and a median loan of $150,000.

Most active SBA lenders for Electrical Contractors in South Dakota

#LenderApprovalsMedian Size
1
U.s. Bank, National Association
3$150,000
2
Highmark FCU
2$333,750
3
First Bank & Trust
2$500,000
4
Wells Fargo Bank, National Association
1$15,000
5
Northeast Bank
1$130,300
6
First Dakota National Bank
1$957,000
7
THE First National Bank IN Sioux Falls
1$500,000

Recent SBA 7(a) approvals for Electrical Contractors in South Dakota

MonthLenderBorrowerAmount
2025-09First Bank & TrustJ M*****ing$303,500
2025-08Northeast BankPED*****LLC$130,300
2025-07Levo Federal Credit UnionMan*****LLC$63,100
2025-07Levo Federal Credit UnionPri*****LLC$50,000
2025-07Levo Federal Credit UnionMil*****LLC$5,700
2025-07Levo Federal Credit UnionMil*****LLC$40,000
2025-05First Bank & TrustMID*****LLC$500,000
2025-05First Bank & TrustMid*****LLC$500,000
2025-04U.S. Bank, National AssociationPRE*****L C$50,000
2025-02Wells Fargo Bank National Association605*****LLC$15,000
2024-12Sunrise Banks National AssociationALL*****NC.$995,000
2024-12American Momentum BankOPT*****NC.$760,200
2024-11Levo Federal Credit UnionCor*****LLC$56,000
2024-11U.S. Bank, National AssociationMY *****LLC$12,900
2024-10Levo Federal Credit UnionSup*****ess$40,000
2024-09U.S. Bank, National AssociationTJL*****LLC$1,341,000
2024-08The First National Bank in Sioux FallsNov*****LLC$500,000
2024-05U.S. Bank, National AssociationEBE*****.C.$850,000
2024-05U.S. Bank, National AssociationEbe*****LLC$150,000
2024-05U.S. Bank, National AssociationFAB*****INC$19,000
2024-03Highmark FCUHig*****LLC$100,000
2024-01The First National Bank in Sioux FallsCon*****LLC$154,000
2023-12The First National Bank in Sioux FallsNov*****LLC$261,500
2023-09U.S. Bank, National AssociationSOD*****INC$30,000
2023-07Highmark FCUDen*****LLC$100,000
2023-07Choice Financial GroupKin*****LLC$150,000
2023-06U.S. Bank, National AssociationDL *****LLC$20,000
2023-06Newtek Bank, National AssociationA&J*****nc.$350,000
2023-03Black Hills FCUADV*****LLC$100,000
2023-03Levo Federal Credit UnionPri*****LLC$24,000
2023-02Security Savings BankSan*****LLC$150,000
2022-12First Savings BankSV *****Inc$150,000
2022-10The First National Bank in Sioux FallsCON*****LLC$12,800
2022-08The First National Bank in Sioux FallsCON*****LLC$84,900
2022-05Newtek Small Business Finance, Inc.How*****ric$126,000
2022-03Dacotah BankKop*****.C.$45,000
2022-03Pioneer Bank & TrustMay*****Inc$383,000
2022-02First Bank & TrustLar*****LLC$118,100
2022-02Premier BankJac*****sen$75,000
2021-10U.S. Bank, National AssociationBRO*****ING$30,000
2021-09Newtek Small Business Finance, Inc.S&S*****LC.$120,000
2021-07The First National Bank in Sioux FallsCar*****LLC$150,000
2021-06First National BankHei*****LLC$100,000
2021-06Highmark FCUThe*****LLC$99,900
2021-06Black Hills FCUFIR*****LLC$25,000
2021-04Highmark FCURei*****LLC$567,500
2021-03U.S. Bank, National AssociationJER*****USE$31,300
2021-02U.S. Bank, National AssociationMID*****AIR$12,000
2020-11Black Hills FCUDOW*****LLC$25,000
2020-10The First National Bank in Sioux FallsCar*****LLC$85,000

Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.

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