RECENT LOANS

Features

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Jay Mitchell with First Interstate Bank worked with Dakota BUSINESS Finance to assist Sioux Falls Dental Implant Center with an SBA 504 loan for the purchase of a building in Sioux Falls, SD.

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Dakota BUSINESS Finance worked with Jason Rasmus of Availa Bank to assist The Dogwood Pet Hotel and Day Spa with an SBA 504 loan for the purchase of the business in North Sioux City, SD.

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Pam McCready of Security National Bank of South Dakota worked with Dakota BUSINESS Finance to assist Power & Grace Gymnastics with an SBA 504 loan for the refinance of debt originally used to construct a building in Sioux Falls, SD.

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Dakota BUSINESS Finance worked with Rocky Rehfeldt of First Dakota National Bank to assist Legacy Law Firm with an SBA 504 loan to refinance debt originally used to construct a building in Sioux Falls, SD.

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Cory Hughes of First Premier Bank worked with Dakota BUSINESS Finance to assist Northern Plains Lumber with an SBA 504 loan for the refinance of existing debt for its locations in Beresford and Worthing, SD.

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Dakota BUSINESS Finance worked with Jason Sundberg of Plains Commerce Bank to assist Agile Manufacturing with an SBA 504 loan for the refinance of existing debt.

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Derek Simonsen with The First National Bank in Sioux Falls worked with Dakota BUSINESS Finance to assist Medical Waste Transport with an SBA 504 loan for the purchase of equipment.

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Dakota BUSINESS Finance worked with Chris Nickles of Minnwest Bank to assist A & J Screening Park Bench Apparel with a SBA 504 loan for the refinance of existing debt and for the construction of an addition to its existing building in Black Hawk, SD.

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Brian Richter with Peoples Bank worked with Dakota BUSINESS Finance to assist Frontier Climbing and Fitness with a SBA 504 loan for the construction of a building in Sioux Falls, SD.

Current Rates

 

June 2022

5.191%

504 25-Year Term 

5.132%

504 20-Year Term

4.931%

(May)

504 10-Year Term 

View Additional Rate Information

AWARDS

Spotlights

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Dakota Business Finance Awarded SD SBA 504 Lender of the Year 2021

Dakota BUSINESS Finance was the #1 CDC in South Dakota for both dollar volume and loan volume. Dakota BUSINESS Finance assisted 95 businesses in South Dakota secure over $65 million in SBA 504 loan financing.

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2021 Lender of the Year

First Dakota National Bank

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2021 Individual Lender of the Year

Melissa Fossell of First Bank & Trust

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2021 Friend of Dakota Business Finance

Dale Zomer of NAI Sioux Falls

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Tea receives 2021 Community Investment Award- 1st Place SD

Dakota BUSINESS Finance awarded Tea Economic Development Corporation with the $10,000 first place prize in South Dakota. Eight loans were provided in the City of Tea.

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Mitchell receives 2021 Community Investment Award- 2nd Place SD

Dakota BUSINESS Finance awarded Mitchell Area Development with the $5,000 second place prize in South Dakota. Four loans were provided in the City of Mitchell.

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Milford receives 2021 Community Investment Award- 1st Place IA

Dakota BUSINESS Finance awarded Iowa Lakes Corridor Development Corporation with the $5,000 first place prize in Iowa. Two loans were provided in the City of Milford.

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Cedar Rapids receives 2021 Community Investment Award- 2nd Place IA

Dakota BUSINESS Finance awarded Cedar Rapids Economic Development Group with the $1,000 second place prize in Iowa. One loan was provided in the City of Cedar Rapids.

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Luverne receives 2021 Community Investment Award- 1st Place MN

Dakota BUSINESS Finance awarded Luverne Economic Development Authority with the $1,000 first place prize in Minnesota. One loan was provided in the City of Luverne.

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Lismore receives 2021 Community Investment Award- 2nd Place MN

Dakota BUSINESS Finance awarded Worthington Economic Development Authority Group with the $500 second place prize in Minnesota. One loan was provided in the City of Lismore.

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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