Dakotaland FCU
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Dakotaland FCU · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 336212 | Truck Trailer Manufacturing | 1 | $70K | $70K | 14.3% |
| 812320 | Drycleaning and Laundry Services (except Coin-Operated) | 1 | $150K | $150K | 14.3% |
| 238910 | Site Preparation Contractors | 1 | $842K | $842K | 14.3% |
Geographic Distribution
SBA lending activity for Dakotaland FCU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| South Dakota (SD) | 7 | $2.2M | 100.0% |
Why Choose Dakotaland FCU?
Based on SBA 7(a) lending track record from 2003-2008
- ✓Proven Track Record: 7 SBA loans approved, totaling $2.2M in financing
- ✓Industry Expertise: Specialized focus on Truck Trailer Manufacturing, Drycleaning and Laundry Services (except Coin-Operated), Site Preparation Contractors
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 120 months
- ✓Loan Range: Loan sizes from $30K to $883K, with an average of $319K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in SD
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about Dakotaland FCU SBA lending
What types of businesses does Dakotaland FCU typically finance?
Dakotaland FCU specializes in SBA 7(a) lending to specific industries including truck trailer manufacturing, drycleaning and laundry services (except coin-operated), site preparation contractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Dakotaland FCU's typical SBA loan terms?
Dakotaland FCU's SBA 7(a) loans typically feature an average interest rate of — and average term length of 120 months (approximately 10 years). Loan sizes range from $30K to $883K, with an average loan size of $319K.
Do I need a business valuation for a Dakotaland FCU SBA loan?
Yes, Dakotaland FCU typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does Dakotaland FCU compare to other SBA lenders?
Dakotaland FCU has originated 7 SBA loans totaling $2.2M since 2003. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does Dakotaland FCU lend in?
Dakotaland FCU provides SBA 7(a) financing with particularly strong presence in SD. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
Explore Industry Reports →Need a Business Valuation?
Certified valuations are often required for SBA loans over $250,000.
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