SBA lender profile
Dakota Business Finance
Dakota Business Finance appears in the public SBA loan data with 674 funded 504 loans totaling $466.7M, an average of $692K per loan, and an estimated 6,397 jobs supported. Its SBA lending concentrates in South Dakota and the Accommodation and Food Services sector. Across all of its loans in the data, its charge-off rate is 0.0%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, as of 2026-03-31
Funded loans
674
Total volume
$466.7M
Average loan size
$692K
Charge-off rate
0.0%
Share of funded loans charged off
Jobs supported (reported)
6,397
Programs
504
Dakota Business Finance is a Certified Development Company (a 504 lender), not an FDIC-insured bank.
Where Dakota Business Finance lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| South Dakota | 588 | $398.9M |
| Iowa | 54 | $50.7M |
| Minnesota | 23 | $11.8M |
| North Dakota | 2 | $2.4M |
| Nebraska | 3 | $885K |
| Missouri | 1 | $740K |
What Dakota Business Finance funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Accommodation and Food Services | 134 | $120.7M |
| Manufacturing | 63 | $71.6M |
| Retail Trade | 77 | $52.4M |
| Health Care and Social Assistance | 75 | $39.1M |
| Wholesale Trade | 42 | $36.5M |
| Other Services | 76 | $31.7M |
Dakota Business Finance SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 25 | $7.0M |
| 2011 | 27 | $6.6M |
| 2012 | 30 | $19.6M |
| 2013 | 20 | $9.7M |
| 2014 | 22 | $16.7M |
| 2015 | 29 | $18.4M |
| 2016 | 21 | $12.2M |
| 2017 | 37 | $24.0M |
| 2018 | 31 | $16.0M |
| 2019 | 28 | $18.4M |
| 2020 | 59 | $30.8M |
| 2021 | 102 | $70.8M |
| 2022 | 65 | $59.0M |
| 2023 | 34 | $39.3M |
| 2024 | 51 | $37.0M |
| 2025 | 66 | $56.2M |
| 2026 | 27 | $24.8M |
Sources and disclaimer. All figures are computed from
the U.S. Small Business Administration's public FOIA 7(a) and 504 loan data (as of 2026-03-31),
as described in our methodology.
The charge-off rate is the share of Dakota Business Finance's funded loans marked charged off across all of its
loans in the data; it is not a lifetime default rate. SBA Loan Index is not affiliated with the
SBA and is not a lender, broker, or financial advisor. This is general information, not advice.
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