Lawn Improvement

By kfuglseth@dakotabusinesslending.com / July 26, 2019 /

Lawn Improvement: A Successful Dakota Business Lending Borrower Green. Luscious. Freshly cut. Neat. Well-kept. These are words that most people would use to describe the perfect lawn. If you’ve ever taken care of a lawn, however, you know that working to grow and maintain a lawn like this isn’t easy. It takes discipline, hard work,…

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Lipp, Carlson, Witucki, & Associates

By kfuglseth@dakotabusinesslending.com / June 7, 2019 /

Lipp, Carlson, Witucki, & Associates: A Successful Dakota Business Lending Borrower Drs. Brenda King and Jonathan Whalen have not only been spouses, but clinical psychologist partners, for many years. This husband and wife duo gained majority of their medical experience working together at Lipp, Carlson, Witucki, and Associates – the first clinical psychology practice in…

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Dear Younger Me…

By kfuglseth@dakotabusinesslending.com / June 1, 2019 /

The year was 1987, and I had just graduated from college and embarked on my first real job in my profession. Oh my, how naive I was and how much I had yet to learn, even if I didn’t realize that, myself. I wish I had been given some insight and idea of what it would be like. So, in this month’s issue which focuses on culture, I decided to author a letter to my younger self, some 32 years later…

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By kfuglseth@dakotabusinesslending.com / May 16, 2019 /

Fetchers: A Successful Dakota Business Lending Borrower Working in construction management after college graduation, Jack Lelwica and his wife, Ashley Lelwica got their first dog, a Brittany named Mazie, to be their pet companion and hunting dog.  Little did they know, however, was that this hunting dog would change their career, if not their life,…

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Increased Appraisal Threshold for SBA 504 Loans

By kfuglseth@dakotabusinesslending.com / April 10, 2019 /

Nearly one year after the FDIC, the OCC, and the Fed published a joint Final Rule increasing the Threshold from $250,000 to $500,000 for appraisals on financed commercial real estate transactions, the SBA provided notice changing this requirement in the SBA 504 and 7a loan programs as well. What that means for our borrowers and…

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New and Enhanced 504 Calculator Now Available

By kfuglseth@dakotabusinesslending.com / April 4, 2019 /

Dakota Business Lending is excited to launch a new and enhanced 504 loan calculator on our website. This online calculator allows users to get financing structure options for 10, 20, and 25-year SBA 504 loans, explore various loans options, and make comparisons. The enhanced widget can be customized to any project by inputting the project…

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Out of the Mouths of Sages

By kfuglseth@dakotabusinesslending.com / March 1, 2019 /

We have the great honor of working with many savvy women business owners.
Each one with a fresh perspective and unique ideology of what it takes to run their business. As we look across our portfolio, there is one thing that they all have in common – wisdom. With experience comes wisdom. With wisdom comes the…

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Hiring A Newbie

By kfuglseth@dakotabusinesslending.com / February 1, 2019 /

You’ve been searching for a while, but just haven’t found the right person to fill that role.
Until now. However, you are stressing – big time – because they have no work experience. At all! You think he will be able to do the job, but there’s no work history to give you the “normal” comfort level of a new employee. Go easy on yourself here. I promise you…

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Dakota Business Lending Remains ND’s Top SBA Lender for 9th Consecutive Year

By kfuglseth@dakotabusinesslending.com / January 25, 2019 /

In December, the U.S. Small Business Administration (SBA) North Dakota District Office recognized Dakota Business Lending as North Dakota’s #1 SBA Lender for 2018. This award recognizes lenders throughout the state for their participation with the SBA in providing financing for start-up and existing small businesses in their area. Visiting the Dakota Business Lending headquarters…

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Congress Passes Appraisal Threshold Bill

By kfuglseth@dakotabusinesslending.com / January 9, 2019 /

Before Christmas, House Bill H.R. 6348 was passed by the Senate with bipartisan, unanimous support to increase the loan amount above which an appraisal is required on commercial real estate. The bill amends the Small business ACE Act and ties the amount to the federal banking regulator appraisal threshold which is $500,000. When the bill…

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