RECENT LOANS

Features

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Brett Johnson of Central Bank worked with Dakota BUSINESS Finance to assist Boji Bark with an SBA 504 loan for the purchase of a building in Milford, IA.

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Dakota Business Finance worked with David Dancler of Security Savings Bank to assist Madison Lodging with an SBA 504 loan for the purchase of the AmericInn hotel in Madison, SD.

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Travis Olsem of American Bank & Trust worked with Dakota BUSINESS Finance and the South Eastern Development Foundation to assist SD Faz with an SBA 504 loan and an SEDF loan for the construction of a new Fazoli's restaurant in Sioux Falls, SD.

Current Rates

 

May 2023

6.026%

504 25-Year Term 

6.079%

504 20-Year Term

6.054%

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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2021 1st Place SD - Community Investment Award - Tea

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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2021 2nd Place SD - Community Investment Award - Mitchell

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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2021 1st Place IA - Community Investment Award - Milford

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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2021 2nd Place IA - Community Investment Award - Spirit Lake

Dakota BUSINESS Finance awarded Iowa Lakes Corridor Development Corporation with the $1,000 second place prize in Iowa. One loan was provided in the City of Spirit Lake

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2021 1st Place MN - Community Investment Award - Luverne

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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2021 2nd Place MN - Community Investment Award - Lismore

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

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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.