PPP Loan Data: South Dakota
Paycheck Protection Program statistics for South Dakota. 28,562 loans disbursed, 1,199 unforgiven and potentially subject to enforcement.
Standard Enforcement Risk0.2% of national total
Avg: $91,010 per loan
$109M outstanding
95.8% forgiveness rate
PPP Program Overview: South Dakota
Between April 2020 and May 2021, the U.S. Small Business Administration disbursed 28,562 Paycheck Protection Program loans in South Dakota, totaling $2.6B. These loans supported approximately 208K jobs across the state during the COVID-19 pandemic.
Of these loans, 27,363 (95.8%) were fully forgiven. However, 1,199 loans totaling $109M remain unforgiven and are potentially subject to SBA collection, Treasury offset, or DOJ enforcement action.
This state has standard-level PPP enforcement activity.
Enforcement Risk in South Dakota
South Dakota has standard-level PPP enforcement activity. While enforcement is less concentrated here than in major metropolitan states, the DOJ PPP Strike Force operates nationally. Any borrower with an unforgiven loan or application discrepancies remains at risk regardless of geographic location.
The False Claims Act statute of limitations extends through 2030-2031 for PPP loans. This means new enforcement actions can still be initiated against South Dakota borrowers for several more years. The 1,199 unforgiven loans in South Dakota represent the most immediate enforcement targets.
South Dakota vs. National Average
Frequently Asked Questions: PPP in South Dakota
How many PPP loans were issued in South Dakota?
South Dakota received 28,562 PPP loans totaling $2.6B between April 2020 and May 2021. The average loan size was $91,010, supporting approximately 208K jobs.
How many PPP loans in South Dakota were not forgiven?
Approximately 1,199 PPP loans in South Dakota (4.2% of total) were not forgiven, representing $109M in outstanding obligations. These borrowers may face Treasury collection actions or SBA enforcement.
What is the PPP audit risk level in South Dakota?
South Dakota is classified as "Standard" enforcement risk. This state has standard-level PPP enforcement activity. Borrowers in South Dakota with unforgiven loans or discrepancies in their applications should be aware of ongoing DOJ and SBA OIG enforcement activity.
Can I still face a PPP audit in South Dakota in 2026?
Yes. The False Claims Act has a 6-10 year statute of limitations. Since PPP loans were issued in 2020-2021, enforcement actions can continue through 2030-2031. South Dakota borrowers remain at risk regardless of whether their loan was forgiven.
Are You at Risk?
1,199 South Dakota borrowers have unforgiven PPP loans. Find out your specific risk level in under 3 minutes.
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Data Sources: U.S. Small Business Administration PPP Data Reports, PandemicOversight.gov, U.S. Treasury Department. Data reflects the full PPP program period (April 2020 – May 2021). Last updated May 2026.