News
Dakota Business Lending Launches the Vault – A Digital Library of Small Business Programs and Financing Sources in North Dakota
Dakota Business Lending Launches the Vault – A Digital Library of Small Business Programs and Financing Sources in North Dakota Jun 13, 2022 Every day across North Dakota, creative and daring individuals are taking the leap to start or own a business and live out their dream. These same small businesses often find themselves “stuck”…
Read MoreDakota Business Lending Allocates $7.5 Million in NMTC Financing for Tecton Products Expansion
Dakota Business Lending Allocates $7.5 Million in NMTC Financing for Tecton Products Expansion Apr 7, 2022 Dakota Business Lending is excited to announce that they have closed an allocation of $7,500,000 in New Markets Tax Credit (NMTC) allocation to support Tecton Products, LLC and the expansion of their manufacturing facility in Fargo. The new 150,000 square…
Read MoreDakota Business Lending Welcomes Scott Schake
Dakota Business Lending Welcomes Scott Schake Mar 3, 2022 Dakota Business Lending is pleased to welcome Scott Schake to their team as a Portfolio Manager. Based out of the Fargo office, Schake will be responsible for ensuring compliance with all agency rules and regulations and managing the organization’s overall loan portfolio from closed/funded to pay…
Read MoreDakota Business Lending Welcomes Rochelle Cross
Dakota Business Lending Welcomes Rochelle Cross Oct 18, 2021 Dakota Business Lending is pleased to welcome Rochelle Cross to the team as a Loan Specialist, working to assist with loan processing, interact with internal and external customers to develop and submit quality loan applications, and manage the process for ultimate loan approval. Overall, she will…
Read MoreDakota Business Lending Welcomes Jason Gerdes
Dakota Business Lending Welcomes Jason Gerdes Oct 7, 2021 Dakota Business Lending is pleased to welcome Jason Gerdes to the team as a Business Development and Commercial Loan Officer, working to develop and foster relationships with lenders, small businesses, economic development professionals, and other partners. He will be working to serve Dakota Business Lending’s market,…
Read MoreDakota Business Lending Welcomes Ann Peterson
Dakota Business Lending Welcomes Ann Peterson Oct 4, 2021 Dakota Business Lending is pleased to welcome Ann Peterson to their team. Based out of the Fargo office, Peterson will be assisting the organization with all areas of SBA lending and working to support many roles within the organization including business development, processing, loan structuring, compliance,…
Read More$30 Million Awarded to Dakota Business Lending through the New Markets Tax Credits Program
$30 Million Awarded to Dakota Business Lending through the New Markets Tax Credits Program Sep 20, 2021 Dakota Business Lending is excited to announce that they have been selected by the U.S. Treasury Department’s Community Development Financial Institution (CDFI) Fund to receive $30 million in New Markets Tax Credit (NMTC) allocation. This is a landmark…
Read MoreKeney Elected to Board
Keney Elected to Board Jun 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…
Read MoreDakota Business Lending Welcomes Lexi Hendricks
Dakota Business Lending Welcomes Lexi Hendricks 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…
Read MoreImportant Information Regarding the 2021 Consolidated Appropriations Act
Important Information Regarding the 2021 Consolidated Appropriations Act Dec 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…
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