| $150,000–350,000 | PEPSI COLA BOTTLING CO. OF PIPESTONE | PIPESTONE, MN | First Bank & Trust |
| $150,000–350,000 | PIERRE'S BODY SHOP, INC. | SIOUX FALLS, SD | First Bank & Trust |
| $1–2 million | PIONEER ENTERPRISES INC. | SIOUX FALLS, SD | First Bank & Trust |
| $2–5 million | PIPESTONE COUNTY MEDICAL CENTER | PIPESTONE, MN | First Bank & Trust |
| $150,000–350,000 | PITTER PATTER PLAYHOUSE | SIOUX FALLS, SD | First Bank & Trust |
| $350,000–1 million | POLY-CAST, INC. | TIGARD, OR | First Bank & Trust |
| $350,000–1 million | POQUET AUTO SALES, INC | GOLDEN VALLEY, MN | First Bank & Trust |
| $150,000–350,000 | POQUET SERVICE CENTERS, INC. | GOLDEN VALLEY, MN | First Bank & Trust |
| $350,000–1 million | PRAIRIE AQUATECH MANUFACTURING, LLC | SIOUX FALLS, SD | First Bank & Trust |
| $150,000–350,000 | PRAIRIE AQUATECH, LLC | SIOUX FALLS, SD | First Bank & Trust |
| $350,000–1 million | PRECISION BODY WORKS, INC. | LUBBOCK, TX | First Bank & Trust |
| $350,000–1 million | PREM SALES, LLC | LUBBOCK, TX | First Bank & Trust |
| $350,000–1 million | PRESTIGE RESORTS & DESTINATIONS, LLC. | MINNEAPOLIS, MN | First Bank & Trust |
| $150,000–350,000 | PRO EARTH ANIMAL HEALTH, INC. | AURORA, SD | First Bank & Trust |
| $150,000–350,000 | PROJECT SOLUTIONS GROUP | MINNEAPOLIS, MN | First Bank & Trust |
| $150,000–350,000 | PRUNTY CONSTRUCTION COMPANY, INC. | BROOKINGS, SD | First Bank & Trust |
| $150,000–350,000 | PRUSSMAN CONTRACTING INC. | BROOKINGS, SD | First Bank & Trust |
| $150,000–350,000 | QUICK STRIPE PAVING, INC. | LUBBOCK, TX | First Bank & Trust |
| $150,000–350,000 | RAINBOW MINNESOTA LLC | BLOOMINGTON, MN | First Bank & Trust |
| $350,000–1 million | RAINBOW PLAY SYSTEMS, INC. | BROOKINGS, SD | First Bank & Trust |
| $150,000–350,000 | RAMSDELL F&M, LTD. | FLANDREAU, SD | First Bank & Trust |
| $150,000–350,000 | RANDALL HENDERSON DO PLLC | WHITNEY, TX | First Bank & Trust |
| $150,000–350,000 | RED FOX INNOVATIONS, LLC | ARDEN HILLS, MN | First Bank & Trust |
| $150,000–350,000 | RED HORSE SEED PRODUCTION INC | MADISON, SD | First Bank & Trust |
| $350,000–1 million | RED ROCK OILFIELD SERVICES LLC | COLORADO CITY, TX | First Bank & Trust |
| $350,000–1 million | REGENCY HOTEL MANAGEMENT, LLC | SIOUX FALLS, SD | First Bank & Trust |
| $150,000–350,000 | RELIAFUND, INC | GOLDEN VALLEY, MN | First Bank & Trust |
| $150,000–350,000 | REVILLO FARMERS ELEVATOR | REVILLO, SD | First Bank & Trust |
| $150,000–350,000 | RICHARD K WEIMAR DDS | MAPLE GROVE, MN | First Bank & Trust |
| $150,000–350,000 | RICKS PLUMBING INC | CEDAR, MN | First Bank & Trust |
| $150,000–350,000 | RIVER CITY RESTAURANT LLC | SIOUX FALLS, SD | First Bank & Trust |
| $150,000–350,000 | ROBINSON BURDETTE MARTIN & SERIGHT, L.L.P. | LUBBOCK, TX | First Bank & Trust |
| $350,000–1 million | RONNING ENTERPRISES, INC. | SIOUX FALLS, SD | First Bank & Trust |
| $150,000–350,000 | ROOFS, INC. | LUBBOCK, TX | First Bank & Trust |
| $150,000–350,000 | ROSS K SCHULTE DDS PC | WATERTOWN, SD | First Bank & Trust |
| $150,000–350,000 | ROUNDS CONSTRUCTION COMPANY, INC. | BROOKINGS, SD | First Bank & Trust |
| $150,000–350,000 | ROYAL PLASTICS, INC. | BROOKINGS, SD | First Bank & Trust |
| $150,000–350,000 | RTI LLC | BROOKINGS, SD | First Bank & Trust |
| $350,000–1 million | SANDIA CONSTRUCTION, INC. | LUBBOCK, TX | First Bank & Trust |
| $350,000–1 million | SAYRE ASSOCIATES, INC. | SIOUX FALLS, SD | First Bank & Trust |
| $350,000–1 million | SBS CYBERSECURITY, LLC | MADISON, SD | First Bank & Trust |
| $2–5 million | SCURRY COUNTY HOSPITAL DISTRICT | SNYDER, TX | First Bank & Trust |
| $150,000–350,000 | SEAL PROS INC. | HARRISBURG, SD | First Bank & Trust |
| $150,000–350,000 | SEBASTIAN JOE'S CORPORATION | MINNEAPOLIS, MN | First Bank & Trust |
| $350,000–1 million | SENPROCO, INC. | SIOUX FALLS, SD | First Bank & Trust |
| $2–5 million | SEVEER STAFFING LLC | FARMERS BRANCH, TX | First Bank & Trust |
| $2–5 million | SIOUX FALLS SPECIALTY HOSPITAL, LLP | SIOUX FALLS, SD | First Bank & Trust |
| $1–2 million | SOUTH DAKOTA SOYBEAN PROCESSORS, LLC | VOLGA, SD | First Bank & Trust |
| $150,000–350,000 | SPECKTACULAR CONCRETE, INC. | ELKO NEW MARKET, MN | First Bank & Trust |
| $350,000–1 million | SPRENGER MIDWEST INC | SIOUX FALLS, SD | First Bank & Trust |
| $150,000–350,000 | ST. CROIX FAMILY DENTISTRY S.C | SAINT CROIX FALLS, WI | First Bank & Trust |
| $150,000–350,000 | STEP VALUES LLC | LUBBOCK, TX | First Bank & Trust |
| $350,000–1 million | STERLING E-MARKETING, INC | SIOUX FALLS, SD | First Bank & Trust |
| $350,000–1 million | STERLING TECHNOLOGY, INC. | BROOKINGS, SD | First Bank & Trust |
| $150,000–350,000 | STONE MOUNTAIN PET LODGE LLC | BLAINE, MN | First Bank & Trust |
| $150,000–350,000 | SUCCESS HOMES NORTH INC | CAMBRIDGE, MN | First Bank & Trust |
| $150,000–350,000 | SUCCESS HOMES, INC | CAMBRIDGE, MN | First Bank & Trust |
| $350,000–1 million | SULLIVAN SUPPLY, INC | DUNLAP, IA | First Bank & Trust |
| $350,000–1 million | SURGICAL INSTITUTE OF SOUTH DAKOTA, PC | SIOUX FALLS, SD | First Bank & Trust |
| $350,000–1 million | TECHNICAL LIFE CARE MEDICAL COMPANY | SAINT PAUL, MN | First Bank & Trust |
| $350,000–1 million | THE EAR, NOSE AND THROAT CLINIC AND HEARING CENTER, P.A. | MINNEAPOLIS, MN | First Bank & Trust |
| $350,000–1 million | THORNTON CARPET INC | SIOUX FALLS, SD | First Bank & Trust |
| $150,000–350,000 | THURMAN, COMES, FOLEY & CO., LLP | SIOUX FALLS, SD | First Bank & Trust |
| $150,000–350,000 | TIA JUANA'S MEXICAN GRILLE AND CANTINA, INC | HOBBS, NM | First Bank & Trust |
| $150,000–350,000 | TIMMONS CONSTRUCTION, INC. | BROOKINGS, SD | First Bank & Trust |
| $350,000–1 million | TOTAL FIRE PROTECTION, INC. | BRANDON, SD | First Bank & Trust |
| $350,000–1 million | TOWN HALL ESTATES - WHITNEY INC | WHITNEY, TX | First Bank & Trust |
| $150,000–350,000 | TRADEWATER LLC | CHICAGO, IL | First Bank & Trust |
| $150,000–350,000 | TRI-STATE BATTERY COMPANY | ARLINGTON, SD | First Bank & Trust |
| $150,000–350,000 | TRUDY BONVINO DDS, PA | LAKEVILLE, MN | First Bank & Trust |
| $2–5 million | TWIN CITIES CO-OP PARTNERS, INC. | MINNEAPOLIS, MN | First Bank & Trust |
| $350,000–1 million | TWIN CITY FRAMERS, INC | OAK GROVE, MN | First Bank & Trust |
| $350,000–1 million | TWIN VALLEY TIRE INC | MILBANK, SD | First Bank & Trust |
| $150,000–350,000 | UNITED DEVELOPMENT MANAGEMENT LLC | BROOKINGS, SD | First Bank & Trust |
| $2–5 million | VALLEY QUEEN CHEESE FACTORY, INC. | MILBANK, SD | First Bank & Trust |
| $150,000–350,000 | VAN BUSKIRK CONSTRUCTION LLC | SIOUX FALLS, SD | First Bank & Trust |
| $150,000–350,000 | VANPRO, INC. | CAMBRIDGE, MN | First Bank & Trust |
| $350,000–1 million | VBC, INC | SIOUX FALLS, SD | First Bank & Trust |
| $350,000–1 million | VICTORY FARMS, LLC | REVILLO, SD | First Bank & Trust |
| $350,000–1 million | VRS P.C. | WATERTOWN, SD | First Bank & Trust |
| $150,000–350,000 | VST, LLC | SIOUX FALLS, SD | First Bank & Trust |
| $350,000–1 million | WALKER SIMS OIL CO., INC. | LUBBOCK, TX | First Bank & Trust |
| $350,000–1 million | WASHINGTON PAVILLION MANAGEMENT, INC. | SIOUX FALLS, SD | First Bank & Trust |
| $150,000–350,000 | WATERMASTER IRRIGATION SUPPLY, INC. | LUBBOCK, TX | First Bank & Trust |
| $150,000–350,000 | WHITE BEAR SMILES, P.A. | WHITE BEAR LAKE, MN | First Bank & Trust |
| $350,000–1 million | WILLISTON MOTORS, LLC | WILLISTON, ND | First Bank & Trust |
| $1–2 million | WINCHILL LLC | SIOUX FALLS, SD | First Bank & Trust |
| $350,000–1 million | WINSOR LEARNING, INC | BLOOMINGTON, MN | First Bank & Trust |
| $150,000–350,000 | WS CONSTRUCTION MANAGEMENT, LLC | SIOUX FALLS, SD | First Bank & Trust |
| $150,000–350,000 | YEAR ROUND BROWN TANNING SALONS, INC | SIOUX FALLS, SD | First Bank & Trust |
| $350,000–1 million | YOUNG WOMEN'S CHRISTIAN ASSOCIATION OF LUBBOCK, TX INC | LUBBOCK, TX | First Bank & Trust |