Current Borrowers
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.