Dakota Business Lending: SBA Lending Record
What SBA's own loan files show about Dakota Business Lending as an SBA lender, and how a lender's record bears on a feasibility study.
Dakota Business Lending: a mostly 504 record
SBA attributes 470 loans to Dakota Business Lending, approved in FY2017 through FY2026, with $314.6 million of gross dollars. Of them, 455 are 504 loans and 15 are 7(a). A 504 loan lists the certified development company as lender, and the senior bank behind the first lien is not credited, so this page shows the development company's share of such financings and not the whole of any one. It describes a record and does not judge the way the company works.
What the classed loans are
318 loans fall outside the asset classes. Among those classed, full-service restaurant has 19, limited-service restaurant 18 and dental office 14. Automotive mechanical repair (car and truck) has 13, fitness center 9 and rehabilitation and therapy clinic 8. The counts are small, but they span food, health and service trades. A clinic study tests referral volume, staffing and equipment cost; a restaurant study tests sales against rent; an auto repair study tests bay count and local vehicle traffic.
North Dakota and Montana
North Dakota holds 330 loans and Montana 85. Those two states are the whole state list. The file speaks to those two markets and says nothing about others, and a borrower in either still needs a study of the exact town and site.
Cancellation floor and ceiling, one charge-off floor
Approvals dated FY2017 to FY2024 show 8.1% cancelled (a floor) and 12.3% when the undisbursed are added to the cancelled, the ceiling. The charge-off floor to date is 2.4% among 212 loans that disbursed from FY2017 to FY2021. Loan Analytics prints no five-year figure for this holder, and nobody should read that gap as a zero. A cohort of 212 is modest, and floors rise as loans age, so the 2.4% is best held as a lower bound.
Using a development company record
A 504 financing joins a first-lien loan and a development-company loan, so the borrower's study must show that both payments together are met with room to spare. It also supports the appraisal both lenders rely on. The counts here show where this development company has been active, and they imply no decision about a new request.
SBA loans held by Dakota Business Lending
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.
One organisation under two SBA identifiers: a CDC (504) that also lends under 7(a), linked by equal normalised name and equal lender state (manifests/ld2/lender-links.csv).
| Loans approved, FY2017 to FY2026 | 470 |
|---|---|
| Gross dollars approved | $314.6 million |
| SBA 7(a) loans | 15 |
| SBA 504 loans | 455 |
Cancellation and charge-off
| Cancelled after approval, FY2017 to FY2024 approvals (a floor) | 8.1% |
|---|---|
| The same, counting loans still undisbursed as cancelled (a ceiling) | 12.3% |
| Charged off to date, FY2017 to FY2021 disbursed loans (a floor) | 2.4% |
| Charged off within five years of approval | withheld |
| Loans in that cohort | 212 |
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 | 318 |
| Full-service restaurant | 19 |
| Limited-service restaurant | 18 |
| Dental office | 14 |
| Automotive mechanical repair (car and truck) | 13 |
| Fitness center | 9 |
| Rehabilitation and therapy clinic | 8 |
| Self storage | 7 |
| Child care center | 7 |
| Car wash | 6 |
| Beverage manufacturing (breweries, wineries, distilleries) | 6 |
| Veterinary clinic | 6 |
| Beauty salon | 6 |
| Coffee shop and snack bar | 6 |
| Hotel and motel | 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 |
|---|---|
| North Dakota | 330 |
| Montana | 85 |
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-0188253.
Loan Analytics prepares the feasibility study a lender reads before it commits: for a commercial project anywhere in the United States, financed under SBA 7(a), SBA 504, USDA Business and Industry or a conventional bank loan, by Dakota Business Lending or any other lender. Tell us the project and the lender's deadline, and we reply with scope, timeline and fee.
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