SBA Loans in Salem, SD

Explore recent SBA 7(a) and 504 lending activity in Salem. 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 $

$5.1M

last 24 months

Avg loan

$176K

median $245K

Active lenders

approved here

Jobs supported

cumulative

Loan activity map

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SALEM · 29 LOANS

Top lenders in Salem

First Dakota National Bank

Dakota Business Finance

First PREMIER Bank

Home Federal Bank

Minnwest Bank

Ally Dakota Development, Inc.

Top industries in Salem

Fitness and Recreational Sports Centers

Farm Machinery and Equipment Manufacturing

Offices of Chiropractors

Video Tape and Disc Rental

"Automotive Body, Paint, and Interior Repair and Maintenance"

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Loan records · Salem, SD

29 records

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Borrower

Location

Program

Industry

OPTIMIZE ELECTRIC, INC.American Momentum Bank

Salem, SD

57058

$760,200

$25K

7(a)

Electrical Contractors

2024-12-03

FETERL MANUFACTURING CORP.Home Federal Bank

Salem, SD

57508

$700,000

—

7(a)

Farm Machinery and Equipment Manufacturing

2002-06-13

FETERL MANUFACTURING CORP.Home Federal Bank

Salem, SD

57508

$500,000

—

7(a)

Farm Machinery and Equipment Manufacturing

2002-06-13

Presidential Properties, LLC South Dakota Development Corporation

Salem, SD

57058

$458,000

$27K

504

Homes for the Elderly

2021-10-01

CHARLES J. MEHLBRECH First Dakota National Bank

Salem, SD

57058

$256,000

—

7(a)

—

1995-05-01

BODYWORKS, INC.Minnwest Bank

Salem, SD

57058

$235,000

—

7(a)

Fitness and Recreational Sports Centers

2005-03-31

SALEM VETERINARY SERVICE PC Dakota Business Finance

Salem, SD

57058

$230,000

$230K

504

Veterinary Services

2008-04-29

STREFF FARMS Wells Fargo Bank National Association

Salem, SD

57058

$190,000

—

7(a)

Hog and Pig Farming

1991-07-24

BODYWORKS, INC.Minnwest Bank

Salem, SD

57058

$158,500

—

7(a)

Fitness and Recreational Sports Centers

2004-12-09

Salem Chiropractic Clinic Dakota Business Finance

Salem, SD

57058

$154,000

$51K

504

Offices of Chiropractors

2010-09-02

SALEM LUMBER CO.First Dakota National Bank

Salem, SD

57058

$150,000

—

7(a)

—

1992-10-28

T&L Muth L.L.C.Dakota Business Finance

Salem, SD

57058

$127,000

$32K

504

Meat Retailers

2025-02-21

The Crayon Box, Inc.Dakota Business Finance

Salem, SD

57058

$122,000

$61K

504

Child Day Care Services

2016-12-23

TC Wash, LLC Dakota Business Finance

Salem, SD

57058

$119,000

—

504

Car Washes

2011-09-29

BODY WORKS HEALTH AND FITNESS First Dakota National Bank

Salem, SD

57058

$115,000

—

7(a)

Fitness and Recreational Sports Centers

2000-06-20

AUTOEX LLC Ally Dakota Development, Inc.

Salem, SD

57058

$115,000

$29K

504

Used Car Dealers

2005-02-18

Peterson Repair Dakota Business Finance

Salem, SD

57058

$105,000

$105K

504

General Automotive Repair

2011-07-11

Chad Krempges First Dakota National Bank

Salem, SD

57058

$90,000

—

7(a)

"Automotive Body, Paint, and Interior Repair and Maintenance"

2001-09-24

CHESS STEAKHOUSE & RESTAURANT First Dakota National Bank

Salem, SD

57058

$78,000

—

7(a)

—

1991-09-26

MELODY LANES First Dakota National Bank

Salem, SD

57058

$70,000

—

7(a)

Bowling Centers

1995-11-27

THE BREWERY First Dakota National Bank

Salem, SD

57058

$65,600

—

7(a)

Full-Service Restaurants

1998-12-23

McCook Therapy & Wellness Dakota Business Finance

Salem, SD

57058

$64,000

$64K

504

"Offices of Physical, Occupational and Speech Therapists, and Audiologists"

2015-01-13

DRIVE IN & TJ'S PIZZERIA First Dakota National Bank

Salem, SD

57058

$63,000

—

7(a)

—

1997-07-18

SALEM CHIROPRACTIC CLINIC First Dakota National Bank

Salem, SD

57058

$50,000

—

7(a)

Offices of Chiropractors

1995-01-31

CHARLES J & LINDA J MEHLBRECH First Dakota National Bank

Salem, SD

57058

$50,000

—

7(a)

—

1995-05-01

OPTIMIZE ELECTRIC, INC.

Salem, SD · 57058

$760,200

7(a)

American Momentum Bank$25K/job · 2024-12-03

FETERL MANUFACTURING CORP.

Salem, SD · 57508

$700,000

7(a)

Home Federal Bank2002-06-13

FETERL MANUFACTURING CORP.

Salem, SD · 57508

$500,000

7(a)

Home Federal Bank2002-06-13

Presidential Properties, LLC

Salem, SD · 57058

$458,000

504

South Dakota Development Corporation$27K/job · 2021-10-01

First Dakota National Bank1995-05-01

Minnwest Bank2005-03-31

SALEM VETERINARY SERVICE PC

Salem, SD · 57058

$230,000

504

Dakota Business Finance$230K/job · 2008-04-29

Wells Fargo Bank National Association1991-07-24

Minnwest Bank2004-12-09

Salem Chiropractic Clinic

Salem, SD · 57058

$154,000

504

Dakota Business Finance$51K/job · 2010-09-02

First Dakota National Bank1992-10-28

Dakota Business Finance$32K/job · 2025-02-21

Dakota Business Finance$61K/job · 2016-12-23

Dakota Business Finance2011-09-29

BODY WORKS HEALTH AND FITNESS

Salem, SD · 57058

$115,000

7(a)

First Dakota National Bank2000-06-20

Ally Dakota Development, Inc.$29K/job · 2005-02-18

Dakota Business Finance$105K/job · 2011-07-11

First Dakota National Bank2001-09-24

CHESS STEAKHOUSE & RESTAURANT

Salem, SD · 57058

$78,000

7(a)

First Dakota National Bank1991-09-26

First Dakota National Bank1995-11-27

First Dakota National Bank1998-12-23

McCook Therapy & Wellness

Salem, SD · 57058

$64,000

504

Dakota Business Finance$64K/job · 2015-01-13

DRIVE IN & TJ'S PIZZERIA

Salem, SD · 57058

$63,000

7(a)

First Dakota National Bank1997-07-18

SALEM CHIROPRACTIC CLINIC

Salem, SD · 57058

$50,000

7(a)

First Dakota National Bank1995-01-31

CHARLES J & LINDA J MEHLBRECH

Salem, SD · 57058

$50,000

7(a)

First Dakota National Bank1995-05-01

1–25 of 29

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