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RECENT LOANS

Features

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Dakota BUSINESS Finance worked with Chris Nickles of Minnwest Bank to assist ABC Van Rentals with an SBA 504 loan for the purchase and renovation of a building.

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Mike Flint of First Dakota National Bank and Dakota BUSINESS Finance assisted Olson Law Firm with an SBA 504 loan for the purchase and renovation of a building in Sioux Falls.

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Dakota BUSINESS Finance and Josh Hofer of First Dakota National Bank in Sioux Falls assisted Sioux Corporation with an SBA 504 loan to purchase new equipment.

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First Dakota National Bank lender, Josh Hofer, and Dakota BUSINESS Finance assisted Betz Blinds with an SBA 504 loan to purchase and renovate a building in Sioux Falls.

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Michael Murdy of Black Hills Federal Credit Union worked with Dakota BUSINESS Finance to secure an SBA 504 loan to assist Wayne Krump and Joleen Hansen with the purchase of The Gas Barrel. SEDF provided a loan to assist with the business expenses that were not eligible under the SBA 504 loan program.

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Dakota BUSINESS Finance worked with Tanner Kost of Dakota Prairie Bank in Fort Pierre to assist Cody and Lila Briggs with an SBA 504 loan to expand the River View RV Park.

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Dakota BUSINESS Finance worked with Jay Mitchell of Great Western Bank to assist North American Wholesale Florist with an SBA 504 loan for the refinancing of existing debt on its building. As a part of this cash out refinancing, NAWF was able to use the cash out funds for eligible business expenses over the next 18 months.  During the uncertainty of the COVID-19 pandemic, it is so important for businesses to be able to access existing equity in their buildings by refinancing through the SBA 504 loan program. 

Current Rates

 

July 2020

2.41%

504 25-Year Term

2.35%

504 20-Year Term

2.40%

504 10-Year Term

View Additional Rate Information

AWARDS

Spotlights

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Sioux Corporation SBA Exporter of the Year

Pictured is Eric Hansen-VP of Operations, Meg Andersen-Sioux CFO and Jaime Wood-District Director of SDSBA.

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Family-Owned Business of the Year

SDSBA Director Jaime Wood presenting the Stensland Family with their award

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SBA 504 Volume Leader Dakota BUSINESS Finance

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Lender of the Year

The First American Bank in Sioux Falls was named Dakota BUSINESS Finance's Lender of the year.

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Individual Lender of the Year

Trisha Viss of Dacotah Bank was named Dakota BUSINESS Finance's Individual of the Year

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Friend of Dakota BUSINESS Fiance

Dean Nielsen was named Friend of Dakota BUSINESS Finance

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Iowa Lakes Corridor Development Corporation receives Community Lending Award

From left: Daniel Park, Dakota BUSINESS Finance; TJ Speer, Dakota BUSINESS Finance Board Vice President; Brett Johnson, Central Bank in Milford, IA.; John Tatman, Iowa Lakes Corridor Baord Chairman; Kiley Miller, Iowa Lakes Corridor President and Chief Executive Officer.

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Yankton Area Progressive Growth receives Community Lending Award

From left: Thomas Schroeder, The First National Bank in Yankton; Dan Park Dakota BUSINESS Finance; Kevin Moe, former Dakota BUSINESS Finance Board President; Rob Stephenson, Yankton Area Progressive Growth Chairman; and Nancy Wenande, Yankton Area Progressive Growth Chief Executive Officer.

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Marshall Area Chamber of Commerce receives Community Lending Award

Dakota BUSINESS Finance Loan Officer Dan Park (left) presents Marshall Area Chamber of Commerce President Brad Gruhot with the check award.

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Baltic Economic Development wins Community Lending Award

From left: Lynne Keller Forbes, Dakota BUSINESS Finance Executive Director; Mike Wendland, City of Baltic Administrator; Scott Grunewaldt, Baltic Mayor; Chris Hotzler, Baltic City Council Member; Tracy Petersen, Baltic City Council Member; Kiri Sells, Baltic City Council Member; and Bob Mundt, Dakota BUSINESS Finance Board of Director member.