News

Keney Elected to Board

By kfuglseth@dakotabusinesslending.com / June 9, 2021 /

Dakota Business Lending is pleased to welcome Cole Keney to their Board of Directors. Keney was elected at the board meeting on June 2, 2021. Originally from Bismarck, North Dakota, Keney began working for Alerus in 2003 and has spent his entire banking career developing and growing his lending and consulting expertise. He currently serves…

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Dakota Business Lending Welcomes Lexi Hendricks

By kfuglseth@dakotabusinesslending.com / May 26, 2021 /

Dakota Business Lending is pleased to welcome Lexi Hendricks to the team as a Servicing Specialist and Office Manager, working to provide direct support to and strengthen relationships with our borrowers and small business owners. She will also work to ensure the office is running smoothly and assist with the day-to-day operations of Dakota Business…

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Important Information Regarding the 2021 Consolidated Appropriations Act

By kfuglseth@dakotabusinesslending.com / December 23, 2020 /

The recently approved Consolidated Appropriations Act is a very new and complex bill that will have a huge impact on our current small business and lending partners. Dakota Business Lending would like to share some information we have received from our national association and give you the most recent update. We will be sure to…

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Dakota Business Lending Welcomes Anjie Martins

By kfuglseth@dakotabusinesslending.com / October 28, 2020 /

Dakota Business Lending is pleased to welcome Anjie Martins to the team as a Credit and Assistant Loan Officer in Montana, working to develop and foster relationships with lenders, small businesses, and economic professionals, promote loan programs, assemble loan information, and assist in the preparation, underwriting, and submission of loan packages. Overall, she will support…

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Gehrtz Elected to Board

By kfuglseth@dakotabusinesslending.com / August 7, 2020 /

Dakota Business Lending is pleased to welcome Steve Gehrtz to their Board of Directors. Gehrtz was elected at the board meeting on August 5, 2020 and will attend his first meeting as an official director on September 2, 2020. Gehrtz currently serves as the President of Gehrtz Construction Services, where he helps develop, design, and…

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Hopfauf Elected to Board

By kfuglseth@dakotabusinesslending.com / June 9, 2020 /

Dakota Business Lending is pleased to welcome Jason Hopfauf to their Board of Directors. Hopfauf elected at the board meeting on March 4, 2020 and attended his first meeting as an official director on April 1, 2020. Hopfauf serves as President of two Dakota Community Bank & Trust branches in the Dickinson market, where he…

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RECENT UPDATES Regarding the 2020 CARES Act

By kfuglseth@dakotabusinesslending.com / April 1, 2020 /

Below are a few updates regarding the “Coronavirus Aid, Relief, & Economic Security”(CARES) Act Key Components of the Act pertaining to funding & financing of businesses include: UPDATED: Debt Relief for SBA borrowers. On Friday, Congress passed & Trump signed the CARES Act which has numerous provisions for helping businesses through this challenging time. One of…

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Important Information Regarding the 2020 CARES Act

By kfuglseth@dakotabusinesslending.com / March 30, 2020 /

On Friday, March 27, Congress passed & Trump signed the historic $2 Trillion economic stimulus package called the “Coronavirus Aid, Relief, and Economic Security (CARES)” Act, which has numerous provisions for helping businesses impacted by the COVID-19 pandemic. We would like to share some preliminary information and a summary of the Act to help keep your…

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SBA Disaster Loans Available to Businesses Impacted by COVID-19 by Friday

By kfuglseth@dakotabusinesslending.com / March 18, 2020 /

As many of you are aware, Dakota Business Lending is a non-profit Certified Development Company authorized by SBA, serving businesses and banks throughout North Dakota, Montana, and western Minnesota by offering SBA 504 loans. The SBA Economic Injury Disaster Loan provides up to $2 million in assistance to help overcome the temporary loss of revenues…

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Financial Solutions Available to Small Businesses Impacted by Weather-Related Disasters

By kfuglseth@dakotabusinesslending.com / December 23, 2019 /

The U.S. Small Business Administration (SBA) has recently announced that they will be offering Economic Injury Disaster Loans for small businesses. This program will be available to small non-farm businesses in North Dakota, South Dakota, and Montana who have been negatively affected by weather related incidences such as excessive rain, snow, or flooding. Established as…

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