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Last updated: July 11, 2025
South Dakota Business Funding Guide
South Dakota performs well in SBA metrics for 2025, supported by a strong finance and agricultural base. With average loans of $590,000 and a business-friendly tax structure, cities like Sioux Falls offer entrepreneurs reliable capital access. Rural business owners may need to rely on regional banks, but the state remains a hidden gem for securing business loans efficiently.
923,484
Population
590000
Avg. Funding Amount
Finance
Business Climate
3
Major Cities
Major Business Centers
Sioux Falls
Rapid City
Aberdeen
Top Business Funding Topics for South Dakota
Essential reading for South Dakota entrepreneurs seeking business funding
Merchant Cash Advance
#1
Everything you need to know about merchant cash advances, including how they work, costs, benefits, and alternatives - Specifically tailored for South Dakota businesses and market conditions.
12 min read
Read Guide