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 off. He will also be working to respond to all servicing related requests and oversee all required compliance and credit needs.
A native of western Minnesota, Schake has spent a majority of his career in lending and economic development and brings with him over 18 years of experience at a 504 certified development company like Dakota Business Lending, 10 years in commercial banking, and eight years as a small business owner.
He has joined the Dakota Business Lending team to assist with managing their portfolio, offer his expertise, and help provide financing opportunities to small businesses across North Dakota, Montana, and western Minnesota. He was drawn to the organization due to their mission-driven mindset and close-knit team and looks forward to helping grow and expand their impact. In his free time, Schake enjoys spending time with his wife and two daughters at their lake cabin in Otter Tail County.