RECENT LOANS

Features

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Dakota BUSINESS Finance worked with Tom DeHaven of CorTrust Bank to assist Complete Fence with an SBA 504 loan for the purchase of land and construction of a new building in Tea, SD.

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Travis Olsem of American Bank & Trust worked with Dakota BUSINESS Finance to assist Hagan Insurance Group with an SBA 504 loan for the refinance and minor renovations of a building in Sioux Falls, SD.

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Dakota BUSINESS Finance worked with Tyler Buckman of First Dakota National Bank to assist Jefferson Beer Supply with an SBA 504 loan for the purchase of equipment and the purchase and renovations of a building in Jefferson, SD.

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Scott Den Boer of Cornerstone Bank worked with Dakota BUSINESS Finance to assist 605 Prep with an SBA 504 loan for the purchase and renovation of a building in Sioux Falls, SD.

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Dakota BUSINESS Finance worked with Connor Spindler of Central Bank to assist Equity Green with an SBA 504 loan for the purchase of a building that the business had previously been leasing in Tea, SD.

Current Rates

 

November 2022

6.534%

504 25-Year Term 

6.226%

504 20-Year Term

6.273%

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.