?? We've got BIG NEWS! ?? Dakota Business Lending has been awarded $50M in New Markets Tax Credits (NMTC) to help encourage investment in low-income and distressed areas across North Dakota! This is our third NMTC award, with two $30M awards received in 2021 and 2022. To date, our NMTC program has had the following impact: ???? 7 businesses helped ??556 permanent jobs created/retained ?? $148M+ direct project impact ??$350K in donations to 14 local organizations through our program's Pay-It-Forward component. We are excited to continue to further our mission and provide this financing opportunity to small businesses in the state that need it most. Visit our website to learn more or contact one of our loan officers with any potential projects. https://lnkd.in/gWDgj9NE
关于我们
Founded in 1982, Dakota Business Lending is the oldest, largest, and most experienced 504 CDC in North Dakota, the first North Dakota based financing entity to be chosen by the U.S. Treasury Department's Community Development Financial Institution (CDFI) Fund to receive a New Markets Tax Credit (NMTC) allocation, and the first North Dakota based small business CDFI. With staff throughout their service area, Dakota Business Lending serves North Dakota, Montana, and Minnesota. The mission of this private, not-for-profit entity is to build lasting relationships and drive economic growth by being the premier small business resource in their footprint. Since inception, Dakota Business Lending has provided over $600 million in loans with total project impact exceeding $1.2 billion to small businesses and local economies.
- 网站
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https://www.dakotabusinesslending.com
Dakota Business Lending的外部链接
- 所属行业
- 银行业
- 规模
- 11-50 人
- 总部
- Fargo，ND
- 类型
- 非营利机构
- 创立
- 1982
- 领域
- Lending Solutions、Economic Development、Small Business、Growth Capital、SBA 504 Lending、SBA ILP Lending、SBA 7a Community Advantage、Rural Development IRP和SBA 7a Lending
地点
Dakota Business Lending员工
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Anjie Martins
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Molly Bradford
Business Development and Commercial Loan officer at Dakota Business Lending and Co-Founder at GatherBoard.
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Roxi Pfliiger
VP / Sr. Business Development Officer at Dakota Business Lending
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Michaela Schell
Small Business Developer | Speaker | Networker | Vision Creator
动态
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Recently approved! ?? This welding & fabrication business secured a loan for $564,000 in northwestern ND. Allowing them to purchase real estate and renovations to better their business and serve their community. Wanting to know how the SBA 504 loan program could help benefit your business? Call a loan officer today! ??
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Community banks and lending partners play a crucial role in the success of the New Market Tax Credits (NMTC) program by serving as leverage lenders and investors. Key benefits: ?? Creative financing solutions ?? Tax and CRA advantages ?? Boosts local jobs and economies Read this article from ACTIVATE Magazine and hear from experts like Cole Keney (Alerus), Joel Kostelecky (First International Bank & Trust) and Daniel Blocher (U.S. Bancorp Investments, Inc.) on how NMTC investments reduce risk, meet community needs, and create lasting impact: https://lnkd.in/gDWFp8bz
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At Pride of Dakota in Grand Forks this morning, cheering on the incredible small business owners who are making it happen! ????
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Is your business feeling the pinch of rising interest rates or looming balloon payments? ???? The SBA 504 Debt Refinance program offers fixed, below-market interest rates and extended repayment terms, which can help eliminate balloon payments, reduce monthly payments, and improve overall cash flow. ???? Reach out to a loan officer in your area to learn more. https://lnkd.in/g8cyYDjY
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Paying off five years ahead? That's the power of a Community Impact Loan! ?? WLK’s Inspections is setting the pace for community impact! ??? This rural, woman-owned business in Northwood, ND, paid off their initial investments five years ahead of schedule, thanks to a Community Impact Loan. With this support, Heath and Ashleigh Lee expanded their wood pole inspection services, ensuring financial stability and continued growth. Here’s to businesses that go above and beyond for their communities! ??
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Attention all IT service solo(preneurs) ?? Are you ready to take your business to the next level? Don't forget that the Entrepreneur District applications are still open and could be the opportunity you've been waiting for! ??? Learn more or apply here! https://lnkd.in/gfi2wzWS
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To the dreamers, doers, and innovators—today we celebrate YOU. Your vision and determination creates jobs, builds communities, and drives change. ??? We’re honored to support entrepreneurs like you. Let’s keep growing together! ???? #NationalEntrepreneursDay #SmallBusinessSuccess
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See you TOMORROW!?
We're excited to invite you to an in-person workshop, Year-End Financial Statements 101, at our Fargo office! Join our Director of Small Business Advising, Julie Jaksha, and Entrepreneurial Development Director, Michaela Schell, as they guide you through essential year-end financial reviews. In this workshop, you’ll gain insights on: ?? Understanding your Income Statement and Balance Sheet ?? Getting prepared for year-end ?? Using your financials to make impactful changes for 2025 To get the most out of this workshop, bring your business financials! Don’t miss this opportunity to step into the new year with financial confidence. Register at: https://lnkd.in/g9-Cxfcc
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It’s official—the SBA 504 Debt Refinance program improvements are in effect!?? With greater flexibility, expanded refinancing options, and higher loan limits, these changes make this valuable debt refinance program all the more accessible for business owners!? Learn more about these updates and how they may benefit your business: https://lnkd.in/gH7-tVkh
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