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Loans Last Year
48
Volume Last Year
$42.41M
Average Deal Size
$2.33M
About
Founded in 1982 as the Fargo-Cass County Industrial Development Corporation, Dakota Business Lending (formerly Dakota Certified Development Corporation) is the oldest, largest, and most experienced SBA 504 CDC in North Dakota and the state's #1 SBA 504 lender for nine consecutive years. Headquartered in Fargo and operating with staff throughout its service area, Dakota Business Lending is a dual-certified CDC and CDFI — and was the first North Dakota-based financing entity to receive a New Markets Tax Credit (NMTC) allocation from the U.S. Treasury Department's CDFI Fund. Beyond SBA 504, the organization offers SBA Intermediary Lending Program loans, SBA 7(a) Community Advantage loans, and a USDA Intermediary Relending Program — plus complementary small business support programs including the Entrepreneur District and ACTIVATE. Over its history, Dakota Business Lending has funded more than $600 million in loans with a total project impact exceeding $1.2 billion.
Top Industries Served
| Industry | # of Loans | $ Volume |
|---|---|---|
| Full-Service Restaurants | 3 | $3.2M |
| Auto Repair | 2 | $2.3M |
| Hotels | 2 | $1.8M |
| Plumbing and HVAC | 2 | $1.0M |
| Limited-Service Restaurants | 2 | $0.3M |
States Served
MN
MT
ND
SD
Lending across 4 states.
Top Cities (previous yr # of loans)
| # | City | Loans |
|---|---|---|
| 1 | Fargo | 5 |
| 2 | Minot | 4 |
| 3 | Billings | 3 |
| 4 | Dickinson | 3 |
| 5 | Belgrade | 3 |
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