Community Improvement & Capacity Building
Dakota Business Lending
FARGO, ND
Total revenue
$2.6M
Total expenses
$3.3M
Net assets
$4.2M
Grants received
$201K
4 grants
EIN
450443523
Tax year
2024
Mission
Dakota business lending is a small business resource that drives economic growth by:1. Providing unique financing opportunities2. Positively impacting the communities we serve3. Educating and guiding small businesses4. Building partnerships that add value and creating an environment where our team members thrive.
Programs
3 programs
Intermediary relending program 1, 0 loans funded in 2024, 66 loans funded to date. Borrowers in rural communities (population under 50,000) may benefit from a fixed-rate, 5-15-year loan up to $250,000 to finance a new or existing business, purchase equipment or real estate or use as working capital. Health-related irp loans are also available, as dakota business lending has established a partnership with areas lenders and small businesses as well as the u.s. Department of agriculture to offer the intermediary relending program (irp).
Intermediary relending program 2&3, 0 loans funded in 2024, 66 loans funded to date. Borrowers in rural communities (population under 50,000) may benefit from a fixed-rate, 5-15-year loan up to $250,000 to finance a new or existing business, purchase equipment or real estate or use as working capital. Health-related irp loans are also available, as dakota business lending has established a partnership with areas lenders and small businesses as well as the u.s. Department of agriculture to offer the intermediary relending program (irp).
Other program services include intermediary lending program, intermediary relending program 4 the microloan lending program, the rural business enterprises program, the main street loan program, 10k sb rural initative and the community advantage loan program.
Financials
FY 2024
Revenue
Expenses
People
14 listed
STEVE M DUSEK
PRESIDENT & CEO
$257K
40 hrs/wk
HEATHER RANCK
DIRECTOR
$2K
1 hrs/wk
JIM HAMBRICK
DIRECTOR
$2K
1 hrs/wk
STEVE GEHRTZ
DIRECTOR
$2K
1 hrs/wk
TONYA HOLMSTROM
CHAIR
$2K
1 hrs/wk
JOHN PHILLIPS
DIRECTOR
$2K
1 hrs/wk
COLE KENEY
VICE-CHAIR
$2K
1 hrs/wk
JASON HOPFAUF
DIRECTOR
$2K
1 hrs/wk
MATT MARSHALL
DIRECTOR
—
1 hrs/wk
ANN PETERSON
VP/LOAN OPERATIONS
$138K
40 hrs/wk
ROXANNE PFLIIGER
SENIOR BUSINESS DEVELOPMENT/COMME
$116K
40 hrs/wk
ANNJANETTE MARTINS
SR. CREDIT MANAGER
$115K
40 hrs/wk
JASON GERDES
BUSINESS DEVELOPMENT/COMME
$104K
40 hrs/wk
JO BACK
BUSINESS DEVELOPMENT/COMME
$101K
40 hrs/wk
Grants received
Showing 4 of 4
Funded by
$201K from 2 funders · 4 grants · 2022–2024
$127K · 3 grants · 2022–2024
$75K · 1 grant · 2023