Dakota Business Finance: SBA Lending Record
What SBA's own loan files show about Dakota Business Finance as an SBA lender, and how a lender's record bears on a feasibility study.
Loans held and dollars at Dakota Business Finance
Under Dakota Business Finance as holder, SBA lists 529 loans from FY2017 to FY2026. Dakota Business Finance loans: $401.5 million in gross approved dollars, 529 loans in all. SBA, not Dakota Business Finance, guarantees each of the 529 loans held, now or earlier, by Dakota Business Finance. SBA tags 529 as 504, none 7(a), under Dakota Business Finance. SBA lists Dakota Business Finance, a CDC, as 504 holder. On Dakota Business Finance projects, first-lien lenders go uncredited.
338 of 529 loans have no tracked class, which leaves Dakota Business Finance class rows thinner. For Dakota Business Finance, hotel and motel leads the class rows, 50 loans. Then full-service restaurant with 21 loans, child care center at 18 and self storage (14). Lower Dakota Business Finance rows: 14 loans in automotive mechanical repair, 12 in limited-service restaurant and car wash with 11 loans. Smaller Dakota Business Finance classes: see the page table.
Dakota Business Finance file shows, by state, 444 in South Dakota, Iowa (54) and 26 in Minnesota. Elsewhere, Dakota Business Finance shows a project no nearby loans.
Dakota Business Finance: loans cancelled or charged off
13.3% is the cancellation floor at Dakota Business Finance, across FY2017 to FY2024 approvals. The Dakota Business Finance ceiling is withheld by Loan Analytics; 13.3% is the only reading. Dakota Business Finance FY2017 to FY2021 charge-offs stay withheld. Dakota Business Finance outcomes show; reasons do not. Dakota Business Finance cohort rates cover FY2017 to FY2021 disbursements. Dakota Business Finance: 13.3% is a floor, 529 loans notwithstanding, not a forecast. Dakota Business Finance rates stay floors; 529 loans could still lift 13.3%.
Dakota Business Finance: what a borrower can take
Dakota Business Finance, a Certified Development Company: 529 recorded loans lend context. Dakota Business Finance has no row that says what Dakota Business Finance wants from a borrower. For Dakota Business Finance, compare hotel and motel, 529 loans deep; South Dakota, set beside the project. Each Dakota Business Finance project has a first-lien lender, uncredited; 529 loans name none. The study should.
529 loans at Dakota Business Finance are context only. For the project, South Dakota or elsewhere, Dakota Business Finance proves nothing. 529 loans at Dakota Business Finance do not carry hotel and motel demand, Dakota Business Finance cannot; South Dakota conditions do, not Dakota Business Finance. Test cost line by line, 529 loans set aside. 529 loans give Dakota Business Finance breadth, not depth. Dakota Business Finance must survive 13.3% as a minimum, not as the aim. Dakota Business Finance aside, debt service coverage keeps 13.3% in view, on stabilized income. At Dakota Business Finance, loan size follows appraised value. Dakota Business Finance: no study promises approval; 529 loans or none, it prepares the file.
SBA loans held by Dakota Business Finance
SBA guarantees these loans; the lender does not. The lender's name and every figure come from the U.S. Small Business Administration's public 7(a) and 504 FOIA file (data.sba.gov).
7(a) lender is the bank or lender the loan is currently assigned to (or last held it), as SBA records it; 504 lender is the Certified Development Company (CDC). 504 third-party (first-lien) lenders are free text with no identifier and are not credited.
| Loans approved, FY2017 to FY2026 | 529 |
|---|---|
| Gross dollars approved | $401.5 million |
| SBA 7(a) loans | 0 |
| SBA 504 loans | 529 |
Cancellation and charge-off
| Cancelled after approval, FY2017 to FY2024 approvals (a floor) | 13.3% |
|---|---|
| The same, counting loans still undisbursed as cancelled (a ceiling) | withheld |
| Charged off to date, FY2017 to FY2021 disbursed loans (a floor) | withheld |
Both rates are floors. SBA withholds the status of open loans, so a loan counts as charged off only once SBA reports it; a rate needs at least 30 loans in its cohort and is otherwise not reported.
Loans by asset class
| Asset class | Loans |
|---|---|
| Not in any of the 39 asset classes | 338 |
| Hotel and motel | 50 |
| Full-service restaurant | 21 |
| Child care center | 18 |
| Self storage | 14 |
| Automotive mechanical repair (car and truck) | 14 |
| Limited-service restaurant | 12 |
| Car wash | 11 |
| Assisted living (without nursing care) | 7 |
| Fitness center | 7 |
| Gas station and truck stop | 6 |
| Dental office | 6 |
| Coffee shop and snack bar | 6 |
| RV park and campground | 5 |
Classes with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.
Loans by project state
| State or area | Loans |
|---|---|
| South Dakota | 444 |
| Iowa | 54 |
| Minnesota | 26 |
States with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.
A value marked withheld rests on fewer than 5 loans, or is withheld so that such a figure cannot be derived from other published figures.
Source: U.S. Small Business Administration, 7(a) and 504 loan-level FOIA files (data.sba.gov), as of 2026-09-30; Loan Analytics lender cell LP-cdc-0440699.
Related feasibility study pages
- SBA Lender Feasibility Study Data
- SBA feasibility study company
- Wells Fargo Bank National Association: SBA Lending Record
- The Bancorp Bank National Association: SBA Lending Record
- Citibank, N.A.: SBA Lending Record
- Pathward National Association: SBA Lending Record
- Ally Dakota Development, Inc.: SBA Lending Record
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