Dakota Business Lending
SBA 504 loans and smaller direct loans for small businesses in North Dakota, South Dakota, Montana and Minnesota.
About
Dakota Business Lending says it began in 1982 with the SBA 504 loan program and is "a Certified Development Corporation (CDC), a Community Development Entity (CDE), and a certified Community Development Financial Institution (CDFI)"; it is on the CDFI Fund's list of certified CDFIs. Its 504 page lists the "Purchase and installation of new or used machinery and equipment." One story on its site says Packet Digital of Fargo used a New Markets Tax Credit allocation through Dakota Business Lending "to advance smart battery technology for drones." Who it is for: Businesses "across North Dakota, South Dakota, Montana, and Minnesota," at any stage.
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