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FEDERAL
Dakota Business Lending SBA 504 Loans
Certified development company financing for Bismarck small businesses purchasing real estate or major equipment.
About this program
Dakota Business Lending offers SBA 504 and related loan products across North Dakota. SBA 504 loans provide long-term fixed-rate financing for owner-occupied real estate, construction, renovation, and major equipment.
Eligibility
Eligible small businesses purchasing, constructing, renovating, or refinancing owner-occupied commercial real estate or major equipment.
Requirements
- Apply through Dakota Business Lending with a participating lender
- Provide project budget, financial statements, tax returns, ownership information, and collateral documentation
- Meet SBA 504 eligibility, occupancy, equity, job creation, and public policy requirements