South Dakota · Public charity
Dakota Business Finance
Dakota Business Finance provides financing for a wide range of businesses through the SBA 504 Loan Program. This program provides fixed rate financing for the purchase of long-term assets such as the purchase of land, purchase and construction of buildings, renovate or remodel existing facilities, and/or purchase of long-term machinery…
- $155k
- Granted FY2025(still arriving)
- 3
- Itemized grants FY2025
- 3
- Organizations funded FY2024
- 67%
- First-time grantees FY2024
- Itemized, FY2025
- $140k
- The rest is grants the schedule does not break out
- Median grant, FY2025
- $10,000
- Largest grant, FY2025
- $120,000
- Organizations funded a year
- 3 to 3
- FY2023 to FY2024
- States reached, FY2025
- 2
- Total assets, FY2025
- $2.1M
How open it is to new grantees
In FY2024, 67% of the organizations Dakota Business Finance funded were first-time grantees, receiving 15% of its grant dollars.
The numbers by year
| Fiscal year | Organizations funded | To those organizations | First-time grantees |
|---|---|---|---|
| FY2025still arriving | 3 | $140k | 67% |
| FY2024 | 3 | $130k | 67% |
| FY2023 | 3 | $163k | n/a |
What it funded, over time
Every grant placed by its stated purpose and the recipient’s mission, by year, FY2023 to 2025.
Top grantees
Largest recipients by total granted, FY2023 to FY2025, and the share of each one’s budget the grants supplied at peak.
| Grantee | Total granted | Years | Share of their budget |
|---|---|---|---|
| South Eastern Development Foundation | $270,000 | 3 | 3% |
| Sioux Falls Development Foundation Inc | $112,520 | 1 | 1% |
| Watertown Development Company | $10,000 | 1 | 0% |
| Iowa Lakes Corridor Initiative | $10,000 | 1 | n/a |
| City of Altoona | $10,000 | 1 | n/a |
| Brandon Development Foundation Inc | $10,000 | 1 | 1% |
Plus 1 recipient with no EIN on record ($10k), not named here.
About Dakota Business Finance
- How much does Dakota Business Finance give?
- Dakota Business Finance reported 3 itemized grants totaling $140,000, out of $155,125 in total grant expense reported on the return in its FY2025 IRS filing. It funded between 3 and 3 organizations a year over FY2023 to FY2024.
- What does Dakota Business Finance fund?
- By grant dollars over FY2023 to FY2025, its largest causes are Community Improvement (95%), Public Benefit (5%).
- Who are Dakota Business Finance's largest grantees?
- By total granted over FY2023 to FY2025: South Eastern Development Foundation ($270k), Sioux Falls Development Foundation Inc ($113k), Watertown Development Company ($10k).
- Does Dakota Business Finance fund new organizations?
- In FY2024, 67% of the organizations it funded were first-time grantees.
- Where is Dakota Business Finance based?
- Dakota Business Finance is based in SD.
Play a game based on Dakota Business Finance’s filings →