Sioux Falls, SD · Midwest · 36% APR cap
Payday loans in Sioux Falls
Sioux Falls is governed by South Dakota's statewide lending law — cities don't set their own loan rules. South Dakota does not license classic two-week payday pricing: a 36% APR cap keeps typical payday fees out of the market. The storefronts that remain sell installment products under that cap.
Classic payday pricing is not licensed here, so treat any two-week, high-fee offer as a red flag.
Lending storefronts in Sioux Falls
174,360 residents · Lincoln County / Minnehaha County Median household income is $52,494 — below the South Dakota median of $53,318.
4 storefront locations of 4 companies listed in the public directory snapshot below. Categories are the directory's own — verify a store's license with the state regulator before borrowing.
| Lender | Address | Phone | Hours |
|---|---|---|---|
| Alliance One Funding Installment Loans | 101 S Reid St Ste 307, 57103 | (877) 373-0474 | Hours not listed |
| LPI Loans Installment Loans | 5621 E Arrowhead Pkwy Ste 100, 57110 | (605) 274-0299 | Mon–Fri 9:00 AM - 5:00 PM · Sat–Sun Closed |
| Pacific National Funding Installment Loans | 101 S Reid St Ste 307, 57103 | (877) 353-1049 | Mon–Fri 9:00 AM - 7:00 PM · Sat–Sun Closed |
| Quality Lenders Installment Loans | 1108 W 12th St, 57104 | (605) 338-2288 | Hours not listed |
Listing data: public business directory, collected 2022-02-20. Stores close and relocate — confirm with the regulator's license lookup on the South Dakota page before visiting. Spot an error? Report it.
The online route in Sioux Falls
Online lenders can serve Sioux Falls without a storefront — but South Dakota's 36% cap reaches any lender licensed in the state, wherever it is based. Loans routed through partner banks or tribal charters sit outside that cap, and regulators dispute the structure.
From the online lenders directory — terms each lender publishes about itself, checked September 2026. Directory only: we are not affiliated and make no availability promises — verify with the lender and the South Dakota regulator.
The rules behind the numbers
Payday loans and small loans in South Dakota are subject to a maximum 36% annual percentage rate cap under Initiated Measure 21.
Statute: S.D. Codified Laws § 54-4-36 et seq.
Regulator: South Dakota Division of Banking · dlr.sd.gov
Questions people ask in Sioux Falls
Why doesn't Sioux Falls have classic payday stores?
South Dakota caps small-loan APR at 36%, and that state cap applies in Sioux Falls exactly as everywhere else. At 36% a two-week $300 loan earns a lender about $4 — so classic payday pricing can't legally operate here.
What can I legally borrow in Sioux Falls?
Installment loans priced under the 36% cap, federal credit-union PALs, and employer advances are the lawful routes. Any storefront or site advertising two-week, high-fee payday pricing to Sioux Falls residents is not licensed here.
What lending storefronts are in Sioux Falls?
4 storefronts are listed in Sioux Falls in our 2022-02-20 directory snapshot (4 different companies). The full list with addresses, phones and hours is in the table above.
Who enforces the cap in Sioux Falls?
Complaints about a lender go to the South Dakota Division of Banking (dlr.sd.gov) — keep the loan agreement and every fee disclosure you were given.