Dakota Business Finance
Sioux Falls, SD 57104
SBA Certified Development CompanyTop Industries Financed
- Hotels (except Casino Hotels) and Motels
- Child Day Care Services
- Full-Service Restaurants
- Limited-Service Restaurants
- Car Washes
Quick Summary
Dakota Business Finance is an SBA-certified Certified Development Company (CDC) headquartered in Sioux Falls, South Dakota. Since 2010, they have approved 657 SBA 504 loans totaling $452.5M, with an average loan size of $689K. They serve businesses across 7 states.
About Dakota Business Finance
Dakota Business Finance is an SBA-certified Certified Development Company (CDC) headquartered in Sioux Falls, South Dakota. Since 2010, they have approved 657 SBA 504 loans totaling $452.5M, with an average loan size of $689K. They serve businesses across 7 states.
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Frequently Asked Questions
What does Dakota Business Finance do?
Dakota Business Finance is an SBA-certified Certified Development Company (CDC) based in Sioux Falls, South Dakota. CDCs partner with banks to deliver SBA 504 loans — a long-term, fixed-rate financing program for commercial real estate and equipment. Dakota Business Finance handles the SBA-backed 40% portion of the financing structure.
How many SBA 504 loans has Dakota Business Finance approved?
According to SBA FOIA public records, Dakota Business Finance has approved 657 SBA 504 loans totaling $452.5M since 2010. Their average loan size is $689K.
What states does Dakota Business Finance serve?
Dakota Business Finance serves businesses in 7 states: Iowa, Minnesota, Missouri, North Dakota, Nebraska, South Dakota, Wisconsin.
How do I apply for an SBA 504 loan through Dakota Business Finance?
To apply for an SBA 504 loan through Dakota Business Finance, contact them using the form on this page. You'll also need to work with a participating bank for the 50% bank portion. Before applying, prepare 3 years of business tax returns, personal financial statements, a business plan, and details about the property or equipment you're financing. Most 504 loans require 2+ years in business and a FICO SBSS score of 155+.
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