Overview
What is Dakota Business Finance?
Dakota Business Finance is a financial institution situated in Sioux Falls, South Dakota, specifically at 500 N Western Avenue 100, 57104. Their primary mission is to support various businesses by providing financing options through the SBA 504 Loan Program. This program offers fixed-rate financing for the procurement of long-term assets, including the purchase of land, construction or renovation of buildings, and acquisition of long-term machinery and equipment. By providing these financial solutions, Dakota Business Finance aims to assist businesses in expanding their operations and reaching their goals.
Is Dakota Business Finance legitimate?
Dakota Business Finance is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dakota Business Finance submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Dakota Business Finance?
Dakota Business Finance's mission is centered around providing financial aid to a variety of businesses. They achieve this through the SBA 504 Loan Program, which offers fixed-rate financing for the acquisition of essential long-term assets. These assets include the purchase of land, construction or renovation of buildings, upgrading existing facilities, and acquiring long-term machinery and equipment. The primary goal is to support businesses in their growth and development by offering affordable and reliable financing solutions.
Who is the CEO of Dakota Business Finance?
Brian Gilbert is the President of Dakota Business Finance.
What is the revenue of Dakota Business Finance?
Dakota Business Finance's revenue in 2022 was $1,543,251.
Who are the executives of Dakota Business Finance and what are their salaries?
- Jessica Harry (Director)
- Nick Gustafson (Secretary/Treas) [Trustee/Director]
- Steve Ruda (Director)
- James Grotenhuis (Director)
- Gregg Brown (Director)
- Tom Frieberg (Director)
- Mike Gray (Secretary/Treas)
- Brian Gilbert (President)
- Will Haugen (Vice President)
Where can I find the form 990 for Dakota Business Finance?
The Dakota Business Finance’s most recent form 990 was submitted in 2022 and can be accessed here
Mission Statement of Dakota Business Finance
Dakota Business Finance, as a financial organization, is committed to supporting a diverse array of businesses by offering financing options through the SBA 504 Loan Program. This program allows Dakota Business Finance to provide fixed-rate financing for the acquisition of long-term assets, such as purchasing land, constructing or renovating buildings, and procuring long-term machinery and equipment. By offering these financing solutions, Dakota Business Finance plays a crucial role in facilitating business growth and expansion, ultimately contributing to the overall economic development of the business community.
Impact
This information is meant to be a general summary of Dakota Business Finance. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Dakota Business Finance's impact lies in providing essential financing opportunities for a diverse range of businesses through the SBA 504 Loan Program. By offering fixed-rate financing for the acquisition of long-term assets such as land, buildings, machinery, and equipment, Dakota Business Finance plays a crucial role in facilitating business growth and development. Through this program, businesses can access the necessary capital to expand, renovate, or invest in their operations, ultimately contributing to the economic vitality of the communities they serve. Dakota Business Finance's support not only helps businesses thrive but also fosters community improvement by creating opportunities for sustainable growth and job creation.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Loan Closing Fees
Revenue
$664,011
Servicing Fees
Revenue
$657,219
Organization Details
Founding Year
2005
Phone
(605) 367-5390
Principal Officer
Brian Gilbert
Main Address
500 N Western Avenue 100, Sioux Falls, SD, 57104
NTEE Category
Code: S990 - Community improvement
If you are a representative of Dakota Business Finance and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.