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Please “like” Dakota BUSINESS Finance’s Facebook and LinkedIn page to get up-to-date news about our borrowers, the rates, and some of the great community projects DBF is involved in. The links are below.
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2021 Rural Initiative Community Lender Awards
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Dakota BUSINESS Finance is a local CDC that continually reinvests in the communities it works with. Through its Rural Initiative Community Lender awards, Dakota Business Finance is able to give back to the communities it did SBA 504 loans in. Prizes are awarded based on the number of SBA 504 loans approved with Dakota BUSINESS Finance in the federal fiscal year per community. Communities of less than 50,000 are eligible to participate.
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Congratulations to the City of Milford and the Iowa Lakes Corridor Development Corporation for receiving 1st place in Iowa with two SBA 504 loans approved:
• Alger Companies, Inc. (Lender: Brett Johnson, Central Bank)
• Crescent Beach Family Resort (Lender: Brett Johnson, Central Bank and Tom Ries, The First National Bank in Sioux Falls)
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Congratulations to the City of Spirit Lake and the Iowa Lakes Corridor Development Corporation for receiving 2nd place in Iowa with one SBA 504 loan approved:
• Cornell Abstract Co. (Lender: Brett Johnson, Central Bank)
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Recent Loans- Closed & Funded
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Paula Brown of CorTrust Bank worked with Dakota BUSINESS Finance to assist Grand Fun Alley Learning Center with an SBA 504 loan for the purchase of a building in Brandon, SD for the business to expand to its second daycare location.
Grand Fun Alley Learning Center was started in 1999 in Sioux Falls, SD with its first location on the west side of Sioux Falls. The mission of Grand Fun Alley is to provide a safe and nurturing environment that promotes children's curiosity while instilling a life-long love of learning. The new location will be able to accommodate 97 children.
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Dakota BUSINESS Finance worked with Bradley Meester of First State Bank Southwest to assist ABRA Auto Body & Glass Worthington with an SBA 504 loan for the purchase of a building in Worthington, MN.
ABRA Auto Body & Glass Worthington has been with the ABRA franchise since 2016. ABRA’s goal is to make sure its customer’s vehicles get the best standard of care to get it back on the road as quickly as possible. Its technicians are highly trained, and the company has state-of-the-art technology and quality products to leave the vehicles it works on in great condition.
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Jaden Holzer of CorTrust Bank worked with Dakota BUSINESS Finance to assist Aladdin Capital with an SBA 504 loan for the purchase and renovation of a building in Sioux Falls, SD.
Aladdin Capital specializes in leasing transportation industry equipment. It buys and sells over the road trucks and trailers and other equipment. Aladdin Capital finances the sale or lease of the equipment utilizing capital lease, direct finance, and operating leases.
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Dakota BUSINESS Finance is coming to the Okoboji area and invites you to join us for food, beverages, and exciting SBA 504 program and process updates!
Please note: this event was originally scheduled for September 13th but has been moved to September 21st in an effort to accommodate more schedules.
To RSVP click the image above, click register (twice), and enter your name and email address. Please note that it is not necessary to print or bring your event ticket with you as we will have a list of those that registered.
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