Current Borrowers

Dakota BUSINESS Finance is committed to providing you with exceptional customer service throughout the life of your loan. Please contact us with any servicing needs or questions.

Contact the Servicing Department for any of the following requests:

  • Check the balance of your loan
  • Pay off your loan balance
  • Change your contact information
  • Subordination requests
  • Defer payments
  • Changes in insurance
  • Year-End Statements
  • For any other requests or questions, contact lajena@dakotabusinessfinance.com or 608-681-8187

After you begin repaying your SBA 504 loan, we will collect information from you:

  • Tax returns or financial statements (annually)
  • Proof of hazard insurance for the project collateral (annually): A copy of the insurance binder showing continued coverage specifying BEFCOR and SBA as the mortgagee/loss payee.
  • Jobs creation form (one time, at the second anniversary of your loan): BEFCOR will send a form to you. SBA uses job creation data from all SBA 504 borrowers to demonstrate the effectiveness, economic development and job creation to Congress.
  • Site Visit (one time, at first anniversary of your loan): We will set up a time that is convenient. The visit is an excellent opportunity to discuss additional expansion funding or servicing needs of the business or its affiliates.