43 SBA loans worth $23.8M went to businesses in Watertown, SD between October 2021 and June 2026, from 17 lenders. Ally Dakota Development made the most, 11 loans. The median loan was $321,500, compared with $289,000 across South Dakota, and wholesale trade was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Ally Dakota Development Certified development company · Rapid City, SD | 11 | $4.3M | $309,000 | 18% |
| 2 | First Bank & Trust Bank · Brookings, SD | 6 | $6.9M | $763,900 | 17% |
| 3 | Wells Fargo Bank Bank · Sioux Falls, SD | 5 | $2.2M | $15,000 | 80% |
| 4 | Dakota Business Finance Certified development company · Sioux Falls, SD | 3 | $3.0M | $1,017,000 | 33% |
| 5 | BankWest Bank · Pierre, SD | 3 | $1.4M | $400,000 | 0% |
| 6 | U.S. Bank Bank · Cincinnati, OH | 2 | $1.1M | $557,750 | 0% |
| 7 | Huntington National Bank Bank · Columbus, OH | 2 | $766K | $383,000 | 0% |
| 8 | First National Bank in Sioux Falls Bank · Sioux Falls, SD | 2 | $762K | $380,750 | 0% |
| 9 | Customers Bank Bank · Malvern, PA | 1 | $1.1M | $1,110,000 | 0% |
| 10 | South Dakota Development Certified development company · Sioux Falls, SD | 1 | $762K | $762,000 | 0% |
| 11 | Newtek Bank Bank · Miami, FL | 1 | $300K | $300,000 | 0% |
| 12 | Prairie Sun Bank Bank · Milan, MN | 1 | $285K | $285,000 | 0% |
| 13 | Dacotah Bank Bank · Aberdeen, SD | 1 | $200K | $200,000 | 100% |
| 14 | Scale Bank Bank · Edina, MN | 1 | $198K | $198,400 | 0% |
| 15 | CenTrust Bank, A Division of SmartBiz Bank Bank · Northbrook, IL | 1 | $150K | $150,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Wholesale trade | 7 | $388,000 | BankWest | |
| Retail | 6 | $308,500 | Wells Fargo Bank | |
| Construction | 5 | $261,500 | First National Bank in Sioux Falls | |
| Other services (repair, personal care) | 5 | $935,500 | U.S. Bank | |
| Manufacturing | 5 | $200,000 | Huntington National Bank | |
| Restaurants and hotels | 4 | $617,000 | Dakota Business Finance | |
| Health care and social assistance | 4 | $784,500 | Ally Dakota Development | |
| Arts, entertainment and recreation | 2 | $235,750 | First PREMIER Bank |