Business Details
43 Years
experience
Your Trusted Partner for SBA 504 Loan Solutions
Established in 1983, our organization has dedicated over four decades to empowering South Dakota businesses through accessible financing solutions. We specialize in the SBA 504 Loan Program, providing low-interest, fixed-rate loans that enable companies to expand operations, acquire equipment, and achieve long-term growth. Our team combines deep local market knowledge with specialized expertise in small business finance, ensuring tailored guidance throughout the loan application process. As a trusted economic development partner, we maintain strong relationships with local lenders and the U.S. Small Business Administration to streamline access to capital.Our commitment to client success is reflected in our personalized support, transparent communication, and ongoing educational resources about loan options. With decades of collective experience in commercial lending and economic development, we bring both technical proficiency and practical insight to every business we serve. Our reputation for reliability and ethical lending practices has made us a cornerstone of South Dakota's business community. We continuously adapt our services to meet evolving market needs while maintaining our founding mission of fostering regional economic growth.
Services
SBA 504 Loan Program
Loan Application Assistance
Business Expansion Financing
Commercial Real Estate Loans
Equipment Financing
Details
- Year established: 1983
Highlights and features
- We have over 40 years of experience supporting South Dakota businesses through SBA 504 loans
- Our fixed-rate loans offer predictable repayment terms for long-term financial planning
- We specialize in connecting local businesses with tailored financing solutions
- Our streamlined application process reduces administrative burdens for business owners
- We maintain direct partnerships with the U.S. Small Business Administration and local lenders
Services
SBA 504 Loan Program
Our SBA 504 Loan Program provides long-term, fixed-rate financing for major business assets. This specialized program supports commercial real estate purchases, construction projects, and equipment acquisitions. Businesses can access up to $5.5 million in combined financing through a unique partnership structure involving the business owner, a conventional lender, and our organization.
Questions
What is an SBA 504 Loan?
An SBA 504 Loan is a long-term financing option for major business assets, combining funds from a business owner, conventional lender, and certified development company like ours.
How do I apply for a 504 Loan?
Start by contacting our team for initial eligibility assessment, then work with approved lenders to complete the application process through our online portal.
What are current 504 loan rates?
Current rates range from 5.77% for 10-year terms to 6.42% for 25-year refinance options, with fixed rates ensuring payment stability.
Which businesses qualify for 504 loans?
For-profit businesses operating in South Dakota with a net worth under $15 million and average annual earnings under $5 million typically qualify for our 504 loan program.
How does the 504 loan process work?
The process involves three partners: your business contributes 10-20%, a conventional lender provides 50%, and we finance 40-45% through our SBA-backed debentures.
What can 504 loan funds be used for?
Funds finance fixed assets like commercial real estate, land, construction, and heavy equipment with useful lives exceeding 10 years.