SBA Loans for Motor Vehicle Towing in South Dakota: Top Lenders
NAICS 488NAICS 488 covers motor vehicle towing businesses in South Dakota. Based on historical SBA 7(a) lending data.
Total Approvals
4
in South Dakota
Median Loan Size
$60,000
per approval
Recent Activity
0
last 90 days through Jan 2025
NAICS 488 covers motor vehicle towing businesses. This is a smaller category in SBA 7(a) lending with 4 approvals on record and a median loan size of $60,000.
Key trends & insights
- Motor Vehicle Towing in South Dakota lending is concentrated — Black Hills FCU, THE First National Bank IN Sioux Falls, Wells Fargo Bank, National Association together account for 100% of all approvals. If you're in this industry, these are your highest-probability lenders.
- Black Hills FCU leads this industry with 2 approvals (50% market share) and a median loan of $60,000.
- Motor Vehicle Towing in South Dakota loans skew smaller than the SBA average at $60,000 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 2025-01-13 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for Motor Vehicle Towing in South Dakota
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 2 | $60,000 | |
| 2 | 1 | $200,000 | |
| 3 | 1 | $15,000 |
Recent SBA 7(a) approvals for Motor Vehicle Towing in South Dakota
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-01 | The First National Bank in Sioux Falls | Pre*****Inc | Sioux Falls, SD | $200,000 |
| 2022-08 | Wells Fargo Bank National Association | ROG*****CES | YANKTON, SD | $15,000 |
| 2021-12 | Black Hills FCU | Bla*****ess | BLACK HAWK, SD | $50,000 |
| 2020-11 | Black Hills FCU | NU***LIX | RAPID CITY, SD | $70,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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