Dakota BUSINESS Finance, your partner in 504 lending, is doing its best to disseminate updated information with you when it is received from the Small Business Administration and the Treasury. Click the link for the most recent updates (updated 2/16/21):

Covid 19 Relief Bill Information

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RECENT LOANS

Features

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Matthew Zeller, of Great Western Bank in Aberdeen, worked with Dakota BUSINESS Finance to assist Aligned Ag of Aberdeen, SD, with an SBA 504 loan for the construction of a building and the purchase of equipment.

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Dakota BUSINESS Finance worked with Aaron Tribble of American Bank & Trust to assist I-29 Hotel Development, LLC, with an SBA 504 loan to purchase La Quinta Inn & Suites. This hotel is located off of I-29 and 41st Street in Sioux Falls, SD, and contains 89 rooms over four stories.

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Dakota BUSINESS Finance worked with Tim Rustand of Security National Bank to assist Sioux Self Storage with an SBA 504 loan to purchase an existing storage unit complex in Sioux Falls. This 183-unit mini storage facility was constructed in 2018 and consists of nine buildings.

Current Rates

 

February 2021

2.757%

504 25-Year Term

2.720%

504 20-Year Term

2.450%

504 10-Year Term (January 2021)

View Additional Rate Information

AWARDS

Spotlights

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Sioux Nation Ag Center SBA 2019 Family Owned Small Business of the Year

Pictured are Joseph and Brian Swenson of Sioux Nation Ag Center

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Matt Beukelman, Rapid Fitness - SBA 2019 Young Entrepreneur of the Year

SDSBA Director Jaime Wood presenting Matt Beukelman with his award

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2019 SBA 504 Dollar and Volume Leader Dakota BUSINESS Finance

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2020 Lender of the Year

First Dakota National Bank was named Dakota BUSINESS Finance's Lender of the year for 2020.

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2020 Individual Lender of the Year

Rodney Krantz of Plains Commerce Bank was named Dakota BUSINESS Finance's Individual of the Year 2020.

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2020 Friend of Dakota BUSINESS Fiance

Paul Gourley of Harr and Lemme Commercial Real Estate was named Friend of Dakota BUSINESS Finance 2020.

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Brandon Development Foundation receives Community Investment Award

The four lenders we would like to recognize are: Melissa Fossell, Matt Metzger, Scott Speer, and Patrick Erickson. The recipient of the $5,000 first place prize will be the Brandon Development Foundation.

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Choose Clark County Economic Development Organization receives Community Investment Award

The lender we would like to recognize for these two loans is Rodney Krantz. The recipient of the $1,000 second place prize will be the Choose Clark County economic development organization..

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Iowa Lakes Corridor Development Corporation receives Community Investment Award

The two lenders we would like to recognize are Brett Johnson and Matt Mueller. The recipient of the $1,000 first place prize will be the Iowa Lakes Corridor Development Corporation.

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Kingsley Industrial Development Committee receives Community Investment Award

The lender on the loan was Scott Kooiman. The recipient of the $500 second place prize will be the Kingsley Industrial Development Committee.

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Worthington Regional Economic Development Corporation receives Community Investment Award

The lender on the loan was Ben Lutterman. The recipient of the $500 first place prize will be the Worthington Regional Economic Development Corporation.