GOOD
How competitive are their spreads? Lower = better for you.
STRONG
Total SBA loans closed. More deals = more experience.
GOOD
How many industries do they lend in? More = flexible.
WEAK
States where they've done deals. Wider = easier if you're out of state.
Total SBA Loans
655
2010–2026
Total Volume
$451M
Gross loan amounts
States Active
7
With recorded loans
Programs
504
655 total segments
Dakota Business Finance is a 504-only lender, which means they focus exclusively on real estate and equipment financing. This specialization can be beneficial for borrowers looking to finance existing businesses or expansions, as 69% of their deals support existing businesses.
With an average deal size of $689,130 and a significant portion of deals (181) falling between $150K-$350K, Dakota Business Finance is well-suited for borrowers seeking mid-sized financing, particularly in the real estate sector.
Dakota Business Finance has shown a healthy growth trend, with a 9% year-over-year increase in deals. This suggests they are actively expanding their lending capacity, which may improve your chances of approval.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 655 504 loans, which use fixed SBA debenture rates.
States where Dakota Business Finance has recorded SBA lending activity.
+ 2 more states
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Hotels & Accommodation
Accommodation & Food Services
Manufacturing
Manufacturing
Restaurants & Food Service
Accommodation & Food Services
Wholesale Trade
Wholesale Trade
Auto Repair & Maintenance
Other Services
Real Estate
Real Estate
Social Assistance
Health Care & Social Assistance
Retail Trade
Retail Trade
+ 7 more
All recorded SBA lending activity for Dakota Business Finance, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| South Dakota · Hotels & Accommodation · $500K – $1M | 504 | 19 | — | $736K | Q3 2025 |
| South Dakota · Restaurants & Food Service · $500K – $1M | 504 | 17 | — | $713K | Q4 2025 |
| South Dakota · Manufacturing · $500K – $1M | 504 | 13 | — | $736K | Q4 2024 |
| South Dakota · Manufacturing · $350K – $500K | 504 | 11 | — | $437K | Q2 2023 |
| South Dakota · Manufacturing · $150K – $350K | 504 | 11 | — | $251K | Q2 2024 |
| South Dakota · Other Repair & Services · $150K – $350K | 504 | 11 | — | $246K | Q2 2025 |
| South Dakota · Real Estate · $500K – $1M | 504 | 10 | — | $707K | Q1 2024 |
| South Dakota · Hotels & Accommodation · $350K – $500K | 504 | 10 | — | $403K | Q3 2025 |
| South Dakota · Specialty Trade Contractors · $150K – $350K | 504 | 10 | — | $253K | Q1 2025 |
| South Dakota · Wholesale Trade · $500K – $1M | 504 | 10 | — | $733K | Q4 2024 |
| South Dakota · Auto Repair & Maintenance · $150K – $350K | 504 | 10 | — | $224K | Q4 2023 |
| South Dakota · Restaurants & Food Service · Under $150K | 504 | 9 | — | $96K | Q3 2024 |
| South Dakota · Hotels & Accommodation · $1M – $2M | 504 | 9 | — | $1.5M | Q1 2024 |
| South Dakota · Restaurants & Food Service · $150K – $350K | 504 | 9 | — | $263K | Q4 2021 |
| South Dakota · Hotels & Accommodation · $2M – $5M | 504 | 9 | — | $3.2M | Q2 2025 |
| South Dakota · Arts, Entertainment & Recreation · $150K – $350K | 504 | 8 | — | $269K | Q4 2025 |
| South Dakota · Social Assistance · Under $150K | 504 | 8 | — | $95K | Q2 2021 |
| South Dakota · Real Estate · $150K – $350K | 504 | 7 | — | $222K | Q4 2023 |
| South Dakota · Restaurants & Food Service · $350K – $500K | 504 | 7 | — | $412K | Q2 2025 |
| South Dakota · Hotels & Accommodation · $150K – $350K | 504 | 7 | — | $254K | Q3 2020 |
| South Dakota · Social Assistance · $150K – $350K | 504 | 7 | — | $290K | Q4 2023 |
| South Dakota · Other Health Practitioners · $150K – $350K | 504 | 7 | — | $263K | Q3 2023 |
| South Dakota · Administrative & Waste Services · Under $150K | 504 | 7 | — | $116K | Q4 2021 |
| South Dakota · Manufacturing · Under $150K | 504 | 7 | — | $110K | Q2 2021 |
| South Dakota · Retail Trade · $150K – $350K | 504 | 7 | — | $229K | Q1 2020 |
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Real experiences from borrowers who closed SBA loans with Dakota Business Finance.
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