SBA Loans in Madison, SD

Explore recent SBA 7(a) and 504 lending activity in Madison. See which lenders are active, what industries are getting funded, and how much capital is flowing into local small businesses.

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Total SBA loans

all programs

Approved $

$24.3M

last 24 months

Avg loan

$308K

median $245K

Active lenders

approved here

Jobs supported

642

cumulative

Loan activity map

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MADISON · 79 LOANS

Top lenders in Madison

First Bank & Trust

First Interstate Bank

Ally Dakota Development, Inc.

South Dakota Development Corporation

Wells Fargo Bank National Association

Dakota Business Finance

Top industries in Madison

Full-Service Restaurants

"General Freight Trucking, Long-Distance, Truckload"

All Other Miscellaneous General Purpose Machinery Manufacturing

Hotels (except Casino Hotels) and Motels

Insurance Agencies and Brokerages

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Loan records · Madison, SD

79 records

Sort:

Borrower

Location

Program

Industry

Madison Hospitality Group LLC South Dakota Development Corporation

Madison, SD

57042

$2,133,000

$142K

504

Hotels (except Casino Hotels) and Motels

2020-07-17

DAKOTA VINYL EXTRUSIONS INC South Dakota Development Corporation

Madison, SD

57042

$2,018,000

$26K

504

Plastics Material and Resin Manufacturing

2006-05-11

Sinclair Land & Cattle L.L.C.Ally Dakota Development, Inc.

Madison, SD

57042

$1,850,000

—

504

Furniture Stores

2012-09-05

B&G Transportation LLC First Bank & Trust

Madison, SD

57042

$1,110,000

$37K

7(a)

"General Freight Trucking, Long-Distance, Truckload"

2018-06-21

Madison Discount Liquor Heritage Bank, National Association

Madison, SD

57042

$915,000

$61K

7(a)

Gasoline Stations with Convenience Stores

2018-12-21

MNY Group, LLC South Dakota Development Corporation

Madison, SD

57042

$791,000

$79K

504

All Other Plastics Product Manufacturing

2020-06-30

Team Rustand LLC Old National Bank

Madison, SD

57042

$788,000

$79K

7(a)

Funeral Homes and Funeral Services

2016-06-24

Prairie Shores, LLC Dakota Business Finance

Madison, SD

57042

$765,000

$383K

504

RV (Recreational Vehicle) Parks and Campgrounds

2021-12-10

Lake County Properties, LLC.Dakota Business Finance

Madison, SD

57042

$682,000

$68K

504

Hotels (except Casino Hotels) and Motels

2023-01-26

MICHAEL JOHNSON, LLC Wells Fargo Bank National Association

Madison, SD

57042

$643,300

$80K

7(a)

Construction Sand and Gravel Mining

2010-01-14

B&G Transportations, LLC Dakota Business Finance

Madison, SD

57042

$621,000

$15K

504

"General Freight Trucking, Long-Distance, Truckload"

2018-04-12

CUSTOM TOUCH HOMES, INC.One American Bank

Madison, SD

57042

$620,000

—

7(a)

Commercial and Institutional Building Construction

2006-07-17

B&G Transportation, LLC First Bank & Trust

Madison, SD

57042

$557,000

—

7(a)

—

1991-05-17

Slydog of South Dakota, Inc.Dakota Business Finance

Madison, SD

57042

$518,000

$52K

504

All Other Transportation Equipment Manufacturing

2016-11-10

PPD (USA), INC.South Dakota Development Corporation

Madison, SD

57042

$515,000

$22K

504

—

1996-12-12

ONE STOP South Dakota Development Corporation

Madison, SD

57042

$501,000

$28K

504

Gasoline Stations with Convenience Stores

2005-04-18

Waldman Properties LLC Ally Dakota Development, Inc.

Madison, SD

57042

$414,000

$207K

504

Florists

2024-06-10

Madison Vision Clinic, Inc First Bank & Trust

Madison, SD

57042

$385,800

$64K

7(a)

Offices of Optometrists

2012-03-26

GREAT PLAINS INDUSTRIES, INC.First Dakota National Bank

Madison, SD

57042

$350,000

—

7(a)

All Other Miscellaneous General Purpose Machinery Manufacturing

2002-02-19

NIKHIL HOSPITALITY,INC.Ally Dakota Development, Inc.

Madison, SD

57042

$347,000

$32K

504

Hotels (except Casino Hotels) and Motels

2001-11-06

Fox Print Inc.Dakota Business Finance

Madison, SD

57042

$325,000

$36K

504

Display Advertising

2018-10-23

CLASSIC CONVENIENCE Ally Dakota Development, Inc.

Madison, SD

57042

$310,000

$34K

504

—

1996-09-05

GREAT PLAINS INDUSTRIES, INC.First Dakota National Bank

Madison, SD

57042

$305,625

—

7(a)

All Other Miscellaneous General Purpose Machinery Manufacturing

2003-07-22

J Martin Plumbing First Bank & Trust

Madison, SD

57042

$303,500

$101K

7(a)

"Plumbing, Heating, and Air-Conditioning Contractors"

2025-09-25

LEE'S SALVAGE First Bank & Trust

Madison, SD

57042

$300,000

—

7(a)

Recyclable Material Wholesalers

1991-07-08

Madison Hospitality Group LLC

Madison, SD · 57042

$2,133,000

504

South Dakota Development Corporation$142K/job · 2020-07-17

DAKOTA VINYL EXTRUSIONS INC

Madison, SD · 57042

$2,018,000

504

South Dakota Development Corporation$26K/job · 2006-05-11

Sinclair Land & Cattle L.L.C.

Madison, SD · 57042

$1,850,000

504

Ally Dakota Development, Inc.2012-09-05

B&G Transportation LLC

Madison, SD · 57042

$1,110,000

7(a)

First Bank & Trust$37K/job · 2018-06-21

Madison Discount Liquor

Madison, SD · 57042

$915,000

7(a)

Heritage Bank, National Association$61K/job · 2018-12-21

South Dakota Development Corporation$79K/job · 2020-06-30

Old National Bank$79K/job · 2016-06-24

Dakota Business Finance$383K/job · 2021-12-10

Lake County Properties, LLC.

Madison, SD · 57042

$682,000

504

Dakota Business Finance$68K/job · 2023-01-26

Wells Fargo Bank National Association$80K/job · 2010-01-14

B&G Transportations, LLC

Madison, SD · 57042

$621,000

504

Dakota Business Finance$15K/job · 2018-04-12

CUSTOM TOUCH HOMES, INC.

Madison, SD · 57042

$620,000

7(a)

One American Bank2006-07-17

B&G Transportation, LLC

Madison, SD · 57042

$557,000

7(a)

First Bank & Trust1991-05-17

Slydog of South Dakota, Inc.

Madison, SD · 57042

$518,000

504

Dakota Business Finance$52K/job · 2016-11-10

South Dakota Development Corporation$22K/job · 1996-12-12

South Dakota Development Corporation$28K/job · 2005-04-18

Waldman Properties LLC

Madison, SD · 57042

$414,000

504

Ally Dakota Development, Inc.$207K/job · 2024-06-10

Madison Vision Clinic, Inc

Madison, SD · 57042

$385,800

7(a)

First Bank & Trust$64K/job · 2012-03-26

GREAT PLAINS INDUSTRIES, INC.

Madison, SD · 57042

$350,000

7(a)

First Dakota National Bank2002-02-19

NIKHIL HOSPITALITY,INC.

Madison, SD · 57042

$347,000

504

Ally Dakota Development, Inc.$32K/job · 2001-11-06

Dakota Business Finance$36K/job · 2018-10-23

Ally Dakota Development, Inc.$34K/job · 1996-09-05

GREAT PLAINS INDUSTRIES, INC.

Madison, SD · 57042

$305,625

7(a)

First Dakota National Bank2003-07-22

First Bank & Trust$101K/job · 2025-09-25

First Bank & Trust1991-07-08

1–25 of 79

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