Welcome to the Dakota Business Finance Web Site!  We are here to serve the capital finance needs of new and growing Small Businesses throughout South Dakota.  In partnership with the U.S. Small Business Administration, Dakota Business Finance provides financing for a wide range of businesses through the SBA 504 Loan Program.  This program provides fixed rate financing for the purchase of long-term assets such as the purchase of land, purchase and construction of buildings, renovate or remodel existing facilities, and/or purchase of long-term machinery and equipment.

The 504 loan, or debenture, is made in conjunction with the business owner's local financial institution, which typically provides a first mortgage for up to 50% of the project cost.  Dakota Business Finance provides a second mortgage for 30% to 40% of the project cost while the borrower provides a 10% to 20% equity contribution.  While this program does not provide financing for working capital, inventory, and other related business needs -- we can help to serve these needs through our sister organization, the South Eastern Development Foundation (SEDF), and its revolving loan fund.  For more information on the SEDF Revolving Loan Fund, please click here.

Please feel free to contact our office at anytime with questions about meeting your business finance needs.  We understand that to have a successful business, you need to build more than relationships.  We're here to help you get started.