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 to deliver this award was Alan Haut, District Director of the North Dakota District Office for the SBA. “As district director, I have the pleasure of recognizing lenders that excel in helping small businesses achieve their dreams by providing the capital that businesses need to succeed,” notes Haut. “Dakota Business Lending’s extra effort puts additional capital in the hands of small business owners to expand, hire more employees and help grow the economy in our local communities and across the state of North Dakota.”
This award marks Dakota Business Lending’s ninth consecutive year receiving North Dakota’s #1 SBA Lender of the Year award. In 2018 alone, Dakota Business Lending provided 35 loans under the SBA’s 504 and Community Advantage loan, totaling over $14 million in capital to assist small businesses as they start or expand their ventures. “This level of financing provides a major boost to the economy, making Dakota Business Lending a major player in the State’s economic engine,” applauded Haut. The SBA 504 loan program is one of eight loan programs that Dakota Business Lending offers to start-up and existing small businesses.
From a company name change, to a new headquarter facility, to opening an office in rural Montana, 2018 was a year of milestones for Dakota Business Lending. The #1 SBA Lender of the Year award was another great way of looking back at the year and celebrating their accomplishments. “Receiving the SBA Director Award again this year as the #1 SBA lender in North Dakota is a testament to the experienced, hardworking team we have in place which provides SBA loans across North Dakota and western Minnesota,” expresses Steve Dusek, Dakota Business Lending’s President and CEO. “We cannot achieve this level of success year in and year out without the confidence of our small business customers and the support of our third-party lenders. We share this award with all of them and thank them for working with us to achieve yet another record year.”