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SBA ILP Loan

We have several loan programs to fit almost any business need – but don’t worry about figuring out which program you need, we will do that for you.  Learn more below about what makes Dakota Business Lending a great choice as a small business financing partner for lenders and borrowers.

SBA ILP (Intermediary Lending Program) - Helping small businesses start and expand

Why choose an SBA ILP: These fixed-rate, 5-15 year term loans up to $200,000 are intended for small businesses who may not be able to obtain conventional funding, or who need gap financing for a conventional loan. ILP loans may be used for working capital, equipment and inventory or real estate.

Loan amounts: Up to $200,000

Down payment: Minimum 10%

Eligible projects:

  • Working capital, equipment and inventory and real estate

Eligible businesses:

  • Special emphasis on businesses in Fargo, Grand Forks, Bismarck and Minot
  • Special emphasis on businesses run by women entrepreneurs

Collateral and security: All loans shall be secured by the available assets of the borrower and its principals to the extent necessary to protect the interests of the lender as a secondary source of repayment. Lien on assets financed plus additional collateral as necessary.

Terms: 5-15 years

Rate: Fixed rate at the time the application is reviewed, depending on risk and length.

Other Questions? 

Contact us to discuss project feasibility and details of this and other loan programs.

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SBA ILP Loans in Action

SBA 504
Interest Rates

December 2019
10 Yr: 3.933%
20 Yr: 3.582%
25 Yr: 3.643%

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504 Loan Calculator