Dakota Business Lending

This is a small business lender offering SBA loans, microloans, and financial support tailored to entrepreneurs in Fargo and North Dakota. They provide personalized guidance and flexible financing options to help your business grow and succeed.

It's recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-in consultations may also be available during business hours.

The lender operates Monday through Friday from 9:00 AM to 5:00 PM, with appointments available outside regular hours upon request.

There are no fees to consult with the lender; however, loan processing and origination fees may apply depending on the specific financing product.

This lender primarily serves small business owners and entrepreneurs in Fargo and the surrounding North Dakota region, but they welcome qualified applicants from nearby areas.

A minimum personal credit score of 620 is generally required to qualify for their SBA loan programs.

The underwriting process typically takes between 2 to 4 weeks, depending on the complexity of the application and completeness of documentation.

Most banks keep weekday business hours and are closed on weekends, and Dakota Business Lending typically follows the same pattern. SBA lending staff are generally reachable Monday through Friday. A few locations offer Saturday or by-appointment hours, so call Dakota Business Lending to confirm current weekend availability before you go.

Dakota Business Lending is located in North Dakota — see the contact card for the full address. Most bank locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.

This page is an independent directory listing for Dakota Business Lending, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Dakota Business Lending itself, which runs its own lending under its own ownership. If you work at Dakota Business Lending, you can claim this listing from this page to manage it.

The core details for Dakota Business Lending — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with Dakota Business Lending before applying. If you represent Dakota Business Lending, claim this listing to keep its information up to date.

You can reach Dakota Business Lending by phone at (701) 293-8892 or online at dakotabusinesslending.com — the details are in the contact card on this page. For SBA loans specifically, ask for their business lending or SBA department. Treat this directory page as a starting point and confirm hours and contact details with Dakota Business Lending before relying on them.

Like most SBA lenders, Dakota Business Lending can finance a broad range of small businesses — common categories include professional services, healthcare practices, restaurants and franchises, retail, light manufacturing, and commercial real estate. Each bank sets its own industry preferences and may avoid sectors it considers higher risk. Ask Dakota Business Lending directly which industries it actively lends to before you apply.

SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Dakota Business Lending participates in SBA Express depends on its specific SBA lending authority. Contact Dakota Business Lending and ask if it offers SBA Express and what the current limits and terms look like for your situation.

SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established banks hold PLP status, but it varies by institution. Dakota Business Lending can confirm its current PLP standing — ask before you apply if speed matters to you.

The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. Dakota Business Lending's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Dakota Business Lending directly whether it considers start-up loans.

For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask Dakota Business Lending what down payment it expects for your specific commercial real estate purchase.

SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask Dakota Business Lending to spell out any prepayment penalties before you sign.

SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with Dakota Business Lending to confirm it qualifies and how to document it.

A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. Dakota Business Lending weighs this case by case under its own policy, so be upfront about your history and ask Dakota Business Lending how it evaluates prior bankruptcies.