RECENT LOANS

Features

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Bruce Klenken, with Northwest Bank, worked with Dakota BUSINESS Finance to assist The Inn with an SBA 504 loan for the purchase of the hotel located in Arnolds Park, IA.

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Dakota BUSINESS worked with Ryan Dulaney of First Dakota National Bank to assist Country Apple Orchards with an SBA 504 loan to purchase the orchard located in Harrisburg, SD.

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Trevan Korthour of Plains Commerce Bank Bank worked with Dakota BUSINESS Finance to assist Michael's Junk Removal Services with an SBA 504 loan for the purchase of a building in Sioux Falls, SD.

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Dakota BUSINESS Finance worked with Shawna Fosheim of First Dakota National Bank to assist DJ Jer Events & Lighting Design with an SBA 504 loan to purchase land and construct a new building located in Tea, SD.

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Travis Bestge with First Dakota National Bank worked with Dakota BUSINESS Finance to assist AmericInn of Cedar Rapids with an SBA 504 loan for the purchase of the hotel in Cedar Rapids, IA.

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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 of a building in Sioux Falls, SD.

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Karen Waller with Central Bank worked with Dakota BUSINESS Finance to assist Premier Bee Products with an SBA 504 loan for the purchase of land and construction of a new building in Sioux Falls, SD.

Current Rates

 

May 2022

5.119%

504 25-Year Term 

5.061%

504 20-Year Term

4.931% 

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