RECENT LOANS

Features

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Josh Hofer of First Dakota Bank worked with Dakota BUSINESS Finance to assist Smoothie King with an SBA 504 loan for leasehold improvements, equipment, and furniture in Sioux Falls, SD. Daniel Park is the loan officer with Dakota BUSINESS Finance.

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Dakota BUSINESS Finance worked with American Bank & Trust to assist Slim Chickens with an SBA 504 loan for the purchase and renovations of a building in Grimes, IA. Lisa Moeller was the loan officer with Dakota BUSINESS Finance.

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Jordan Huisken of First State Bank Southwest worked with Dakota BUSINESS Finance to assist the Quality Inn in Brandon, SD with an SBA 504 loan for the purchase of an existing hotel and FF&E. Daniel Park was the loan officer with Dakota BUSINESS Finance.

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Dakota BUSINESS Finance collaborated with Steve Furhmann from Merchants State Bank to provide support to Norm's Thrifty White Pharmacy in securing an SBA 504 loan for the purpose of refinancing. Lisa Moeller was the loan officer with Dakota BUSINESS Finance.

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Rachelle Carrells of American Bank & Trust worked with Dakota BUSINESS Finance to assist Dakota 1 Automotive with an SBA 504 loan for the purchase of a building in Aberdeen, SD. Erik Barnes was the loan officer with Dakota BUSINESS Finance.

Current Rates

 

August 2023

6.812%

504 25-Year Term 

6.867%

504 20-Year Term

7.067% 

504 10-Year Term 

View Additional Rate Information

News

AWARDS

Spotlights

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Dakota Business Finance Awarded SD SBA 504 Lender of the Year 2022

Dakota BUSINESS Finance was the #1 CDC in South Dakota for both dollar volume and loan volume. Dakota BUSINESS Finance assisted 52 businesses in South Dakota secure over $44 million in SBA 504 loan financing.

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2022 Lender of the Year

First Dakota National Bank

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2022 Individual Lender of the Year

Travis Olsem of American Bank & Trust

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2022 Friend of Dakota Business Finance

Trisha Viss of First Interstate Bank

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2022 1st Place SD - Community Investment Award - Tea

Dakota BUSINESS Finance awarded the City of Tea with the $10,000 1st place prize in South Dakota. Four SBA 504 loans were approved in Tea.

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2022 2nd Place SD - Community Investment Award - Brandon

Dakota BUSINESS Finance awarded the City of Brandon with the $5,000 2nd place prize in South Dakota. Three SBA 504 loans were approved in Brandon.

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2022 1st Place IA - Community Investment Award - Arnold's Park

Dakota BUSINESS Finance awarded the City of Arnold's Park with the $5,000 1st place prize in Iowa. Two SBA 504 loans were approved in Arnold's Park.

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2022 2nd Place IA - Community Investment Award - Larchwood

Dakota BUSINESS Finance awarded the City of Larchwood with the $1,000 2nd place prize in Iowa. Two SBA 504 loans were approved in Larchwood.

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2022 1st Place MN - Community Investment Award - Balaton

Dakota BUSINESS Finance awarded the City of Balaton with the $1,000 1st place prize in Minnesota. One SBA 504 loan was approved in Balaton.

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2022 2nd Place MN - Community Investment Award - Worthington

Dakota BUSINESS Finance awarded the City of Worthington with the $500 2nd place prize in Minnesota. One SBA 504 loan was approved in Worthington.