SBA Loans for Electrical Contractors in South Dakota: Top Lenders
NAICS 238NAICS 238 covers electrical 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 electrical 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
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 3 | $150,000 | |
| 2 | 2 | $333,750 | |
| 3 | 2 | $500,000 | |
| 4 | 1 | $15,000 | |
| 5 | 1 | $130,300 | |
| 6 | 1 | $957,000 | |
| 7 | 1 | $500,000 |
Recent SBA 7(a) approvals for Electrical Contractors in South Dakota
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-08 | Northeast Bank | PED*****LLC | SPEARFISH, SD | $130,300 |
| 2025-05 | First Bank & Trust | Mid*****LLC | BROOKINGS, SD | $500,000 |
| 2025-05 | First Bank & Trust | MID*****LLC | BROOKINGS, SD | $500,000 |
| 2025-02 | Wells Fargo Bank National Association | 605*****LLC | HARRISBURG, SD | $15,000 |
| 2024-08 | The First National Bank in Sioux Falls | Nov*****LLC | Watertown, SD | $500,000 |
| 2024-05 | U.S. Bank, National Association | Ebe*****LLC | RAPID CITY, SD | $150,000 |
| 2024-05 | U.S. Bank, National Association | EBE*****.C. | RAPID CITY, SD | $850,000 |
| 2023-07 | Highmark FCU | Den*****LLC | FAIRBURN, SD | $100,000 |
| 2022-02 | Premier Bank | Jac*****sen | SIOUX FALLS, SD | $75,000 |
| 2021-07 | The First National Bank in Sioux Falls | Car*****LLC | HARRISBURG, SD | $150,000 |
| 2021-04 | Highmark FCU | Rei*****LLC | Spearfish, SD | $567,500 |
| 2021-02 | U.S. Bank, National Association | MID*****AIR | SIOUX FALLS, SD | $12,000 |
| 2020-10 | First Dakota National Bank | CE *****LLC | Mitchell, SD | $957,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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