Dakota Business Lending

Please join us in welcoming our newest Underwriter, Shelby Kraemer!

Shelby is a native of eastern South Dakota and brings with her over 9 years of experience in SBA/business financing, 5 of which were spent at a 504 certified development corporation like Dakota Business Lending.

She will be working with our underwriting team to develop and analyze credit requests for all loan program funds, as well as assist in supporting several other areas of loan operations.

Welcome, Shelby! We are excited to have you!
https://dakotabusinesslending.com/welcome-shelby/

Let’s turn that rate frown upside down! 😕➡️😊

With the SBA 504 Debt Refinance program, you can secure fixed, below-market interest rates and extend your repayment terms. This means lower monthly payments and improved cash flow for your business. 📉💼

Take control of commercial debt with our SBA 504 Debt Refinance program. Contact us today to learn more.

🔦Vault Program Spotlight 🔦

Are you a woman in Bismarck-Mandan looking to grow your professional network?

Join the Empowering Women in Business group through the Bismarck Mandan Chamber EDC! This vibrant community offers monthly meetings where you can connect with fellow women in business, share insights, and tackle the unique challenges women face in the professional world.✨

Learn more! https://vaultnd.com/resource-provider/bismarck-mandan-empowering-women-in-business/

Recently, our team had the pleasure of touring DakotaMB's facility in Fargo. It was an incredible experience to see firsthand the work they do every day and witness the impact our programs have made. We even got to gear up in some awesome outfits and capture a few fun moments together!📸😉

Say hello to one of our second year Residents, Darcy Bakkegard! 🍎

Darcy is the founder of The Educators' Lab, dedicated to empowering teachers to better support their students. She has utilized the Entrepreneur District to take this business to the next level and continue to provide resources and support to teachers throughout her community.

Teachers: with the school year starting, be sure to check out her website!

This manufacturing facility utilized the SBA 504 loan program in partnership with us and Bravera to open a second facility in western ND, meeting growing demand and expanding their market potential.

The program enabled them to reduce their down payment and secure a longer 25-year amortization. They also leveraged multiple financing programs to create a funding stack that made this expansion affordable. 💰📈

From the U.S. Marine Corps to the Pentagon, Packet Digital l is a key innovator in smart batteries and power systems for cutting-edge Unmanned Aircraft Systems around the world. One of the key aspects of this mission? Taking their capabilities to the next level with the New Markets Tax Credit program. 🌍🔋

Read more about how Packet Digital is shaping the future: https://dakotabusinesslending.com/new-markets-tax-credit-packet-digital/

Thanks to Glen Stevens for being a part of the Entrepreneur District and sharing his business, Mental Fitness Guy with us!

We have loved supporting and learning from your journey as an entrepreneur and look forward to celebrating your continued success!🎉

Our team at Dakota Business Lending loved sharing our excitement for the Juniorpreneur Youth Loan Program at StartupBREW Fargo this past Wednesday! 🌟

Know a young dreamer with a big idea? This is their chance to bring it to life. 🛠️

For more info, check out our website and connect with our team today! https://dakotabusinesslending.com/junior-preneur-youth-loan-program/

Is your loan renewal coming up? Are you looking to secure better rates? The SBA 504 Debt Refinance program offers lower interest rates, reduced payments, and improved cash flow.💡

Learn more today! https://dakotabusinesslending.com/loans/sba-504-debt-refi/

F I V E Years! Happy work anniversary to Paige Naylor 🎂

Paige is our Credit & Underwriting Specialist. She's a fast learner, a hard worker, and when she's not crushing her job, she never fails to make us smile. We appreciate everything she does for DBL!

Have a good day, Paige! 🎉

Happy 2nd work anniversary to our Entrepreneurial Development Director, Michaela Schell 🎉

Michaela is our busy bee and we are so grateful for all the hard work and passion she puts into her job every single day. We are thankful for all she does for DBL and businesses across our footprint!

Congratulations, Michaela! 🍰

This week, our team got together in our Fargo office to grow, learn, and strengthen our relationships.

A special shoutout to a few of our borrowers - Elevate Rock School, Packet Digital, and Dakota MB - for welcoming us at their facilities and giving our team a tour of their business. Hearing your stories and seeing you in action is truly rewarding!

We had such a fun time touring Packet Digital and seeing the success they have had through the New Markets Tax Credit program. We are happy that we could be a part of their journey!

Happy first work anniversary to our Loan Servicing Specialist, Kate Savage 🎂

Kate has already made such an impact throughout DBL in such a short amount of time. We appreciate her hard work, responsiveness, and smiles.

Thank you for what you do for DBL, Kate! 🎉

Join us for our "Filling Out Your Personal Financial Statement" webinar where Julie Jaksha will be sharing all the details and insights you need to know.

Register today at https://bit.ly/personal-financial-statement 📑

We spy some familiar faces on page 52 👀

Thank you Fargo INC for featuring the Entrepreneur District and our current Residents in this month's issue!
🏠 Eric Miller - Dwel
🚐 Erick Roder - Rodemerica
🗂 Hannah Bettenhausen - 654 Business Strategies
🧠 Glen Stevens - Mental Fitness Guy
🍎 Darcy Bakkegard - The Educators' Lab
💻 Stephanie Drietz - Drietz Designs

Fargo INC! August 2024 Meet ND's newest Bushh Fellow Frederick Edwards Jr., a true community builder!

We're all about making financing easier for you! 💸

It was a pleasure working with you, Williams County Abstract Company. Thank you for partnering with and trusting in us!

Another loan approved! 🎉

This car wash business in central ND used the SBA 504 loan program, in partnership with us and Capital Credit Union, to expand into a second location. They secured a lower down payment and a 25-year amortization, paving the way for their continued growth and success!

Contact a loan officer today to see what the SBA 504 loan program could do for your business. 📞

SBA 504 interest rates have decreased this month! 👏

These rates are fixed, meaning businesses can lock in below-market interest rates like these for up to 25 years to finance their real estate and long-term fixed assets.

Reach out to a loan officer in your area to learn more.

The big 10 years! Congratulations to one of our Business Development / Commercial Loan Officers, Roxi Pfliiger 🎉

Roxi embodies hard work, dedication, and passion for what she does. We are thankful for all she has done for our borrowers, lending partners, and especially our team throughout this past decade!

Cheers to you, Roxi! 🥂

His face says it all 😏

The SBA 504 Debt Refinance program doesn't just give you lower interest rates and extended terms...it can help secure a stronger financial future for your business.

Reach out to a loan officer to learn how our program can lower your payments and improve cash flow. 📉

This startup in eastern ND recently used the SBA 504 loan program in partnership with us and Frandsen Bank & Trust to avoid a large equity injection and secure 25-year fixed-rate financing for startup and working capital. This enabled the auto service shop to purchase land, fund construction, and acquire essential equipment, providing the financing support needed to establish and grow their business. 🚗

Contact a loan officer today to discover how the SBA 504 loan program can benefit you! ☎

Fargo/Moorhead area youth📣, have we got the opportunity for you! 🌟
Get ready to learn business through our Juniorpreneur Youth Loan Program! 🚀

Age Range: Students in grades 4-8
Loan Amount: Up to $500
Local Mentorship: Hands-on guidance from local mentors
Semi-Annual Socials: Fun gatherings to share progress

Whether it’s a lemonade stand, handmade jewelry shop, or lawn mowing service, the Juniorpreneur Youth Loan Program helps bring your ideas to life! Apply today and start your business journey: https://dakotabusinesslending.com/junior-preneur-youth-loan-program/

We are excited to be partnering with The Indigenous Association on a four-part series packed with expert advice to help you plan, empower, and grow your business!

Join us for the first session, "Plan Your Start", and gain insights on:

💡How to set up your business
📃Develop a winning business plan
🔍Master market research
✨And more!

This free event is perfect for any entrepreneur eager to learn and connect. Don’t miss out on this opportunity to hear from and network with featured presenters from North Dakota Women's Business Center and North Dakota Small Business Development Centers. We look forward to seeing you there!

🔦Vault Program Spotlight🔦

Did you know?...the Casselton Economic Development offers a Property Tax Exemption for Improvements to both commercial and residential buildings!

Whether you're renovating, remodeling, altering, or adding to a building that's 25 years or older, you could qualify for up to a 5-year exemption on increased
valuation.✨

Learn more! https://vaultnd.com/financing-program/casselton-property-tax-exemption-for-improvements/

Needing to grow your HVAC Business?

Find out how you can turn your dreams into a reality with the SBA 504 loan program.

Contact a loan officer today for more information!📞