News
Dakota Business Lending Allocates $7.1 Million in NMTC Financing for NuTek Natural Ingredients Manufacturing Expansion
Dakota Business Lending Allocates $7.1 Million in NMTC Financing for NuTek Natural Ingredients Manufacturing Expansion Nov 21, 2022 Dakota Business Lending recently closed an allocation of $7,100,000 in New Markets Tax Credits (NMTC) to support NuTek Natural Ingredients and the expansion of their manufacturing facility in Fargo. NuTek is a global supplier of clean label…
Read MoreNew Space for Entrepreneurs Looking to Transform their Business
New Space for Entrepreneurs Looking to Transform their Business Nov 8, 2022 Dakota Business Lending is excited to launch the Entrepreneur District, a transformative space located on the second floor of their headquarter office in Fargo. The Entrepreneur District will bring together ten entrepreneurs from various industries and give them access to both the office…
Read MoreDakota Business Lending Receives a Second $30 Million New Markets Tax Credits Award
Dakota Business Lending Receives a Second $30 Million New Markets Tax Credits Award Nov 7, 2022 Dakota Business Lending has 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 their second NMTC allocation. They were awarded $30 million…
Read MoreMontana Banks and Businesses to Benefit from New MT SSBCI 2.0 LPP Partner
Montana Banks and Businesses to Benefit from New MT SSBCI 2.0 LPP Partner Nov 1, 2022 Dakota Business Lending is now an approved participating lender for the Montana State Small Business Credit Initiative 2.0 Loan Participation Program (MT SSBCI 2.0 LPP). The federal program is administered by the U.S. Department of Treasury. The American Rescue…
Read MoreDakota Business Lending Expands their $1,000 – $5.5M Loan Programs into Entire Service Area
Dakota Business Lending Expands their $1,000 – $5.5M Loan Programs into Entire Service Area Sep 7, 2022 For over 40 years, Dakota Business Lending has been working to create custom financing packages for businesses in North Dakota and five counties in western Minnesota through various unique and creative loan programs. In 2019, the organization became…
Read MoreRanck Elected to Board
Ranck Elected to Board Aug 30, 2022 Dakota Business Lending is pleased to welcome Heather Ranck to their Board of Directors. Ranck was elected at the board meeting on August 3, 2022 and will attend her first meeting as an official director in September. Ranck is an International Trade Specialist for the U.S. Department of…
Read MoreDakota Business Lending Allocates Full $30M New Markets Tax Credit Allocation Award
Dakota Business Lending Allocates Full $30M New Markets Tax Credit Allocation Award Aug 24, 2022 In September of 2021, Dakota Business Lending was selected by the U.S. Department of Treasury’s Community Development Financial Institution (CDFI) Fund as the first North Dakota based entity to receive a $30 million New Markets Tax Credit (NMTC) allocation. Today,…
Read MoreDakota Business Lending Welcomes Michaela Schell
Dakota Business Lending Welcomes Michaela Schell Aug 5, 2022 Dakota Business Lending is pleased to welcome Michaela Schell to their team as its Entrepreneurial Development Director. Based out of the Fargo office, Schell will be working to develop, manage, and deliver new and innovative small business lending programs and resources for Dakota Business Lending’s entire…
Read MoreDakota 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 More
