North Dakota · Nonprofit
DAKOTA BUSINESS LENDING
DAKOTA BUSINESS LENDING (North Dakota) receives grants from 2 organizations whose IRS filings report $351,575 to it, the largest being THE GOLDMAN SACHS FOUNDATION ($224,675). 2 of them have funded it in more than one year.
- Revenue FY2024
- $2.6M
- Funders on record
- 2
- Grants received
- $352k
- Net assets
- $4.2M
What Dakota Business Lending does
Mission
Dakota Business Lending is a small business resource that drives economic growth by:1. Providing unique financing opportunities2. Positively impacting the communities we serve3. Educating and guiding small businesses4. Building partnerships that add value and creating an environment where our team members thrive.
As stated on its FY2024 Form 990.
Programs
Sba 504 program, 27 loans funded in 2024, 1,228 funded program to date. Dakota Business Lending is the number 1 sba 504 lender in the state of north dakota. The sba 504 program provides long-term, fixed rate financing to america's small businesses. The purpose of the 504 loan program is to create and retain jobs by providing a stable, quality source of capital to small businesses which often times have difficulty qualifying for traditional financing.
$2,461,590 spent$1,998,861 earned by the program96% of program spendingIntermediary relending program 1, 0 loans funded in 2024, 66 loans funded to date. Borrowers in rural communities (population under 50,000) may benefit from a fixed-rate, 5-15-year loan up to $250,000 to finance a new or existing business, purchase equipment or real estate or use as working capital. Health-related irp loans are also available, as Dakota Business Lending has established a partnership with areas lenders and small businesses as well as the u.s. Department of agriculture to offer the intermediary relending program (irp).
$26,791 spent$31,001 earned by the program1% of program spendingIntermediary relending program 2&3, 0 loans funded in 2024, 66 loans funded to date. Borrowers in rural communities (population under 50,000) may benefit from a fixed-rate, 5-15-year loan up to $250,000 to finance a new or existing business, purchase equipment or real estate or use as working capital. Health-related irp loans are also available, as Dakota Business Lending has established a partnership with areas lenders and small businesses as well as the u.s. Department of agriculture to offer the intermediary relending program (irp).
$38,293 spent$48,555 earned by the program1% of program spendingOther program services include intermediary lending program, intermediary relending program 4 the microloan lending program, the rural business enterprises program, the main street loan program, 10k sb rural initative and the community advantage loan program.
$49,381 spent$119,083 earned by the program2% of program spending
The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $2,576,055.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $6.8M to $8.8M (+28%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2022 7% · 2023 2% · 2024 7%. Grants only. Government contracts and fees sit inside program revenue.
9% of DAKOTA BUSINESS LENDING’s revenue is contributions — about as donation-reliant as the typical peer (61% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 5 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Steve M Dusek
President & CEO
Board chair
Tonya Holmstrom
Chair
As listed on its FY2024 Form 990.
Who funds it, year by year
2022 → 2023: the base broadened from 1 funder to 2 funders, grant income rose $42k → $117k.
From the IRS filings of DAKOTA BUSINESS LENDING’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
DAKOTA BUSINESS LENDING leans on a few funders — its largest provides 64% of grant income and the top three 100%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
36% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund DAKOTA BUSINESS LENDING.
Largest funder’s share by year: 2022 100% · 2023 64% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
DAKOTA BUSINESS LENDING draws 64% of its grant income from funders outside North Dakota, across 2 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
DAKOTA BUSINESS LENDING holds deeper cash reserves than three-quarters of the 4,203 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 4,203 community improvement nonprofits $1M–$10M, FY2024
Government funding DAKOTA BUSINESS LENDING receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $125k on record.
- Department of the Treasury$125k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like DAKOTA BUSINESS LENDING
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In North Dakota
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
78% of spending goes to programs.
Governance
Public support
91%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Part of a family of 1 related entity
- Dbl Equity Partners · exempt
Screen this organization
A dated, signed PDF of the compliance screen for DAKOTA BUSINESS LENDING: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds DAKOTA BUSINESS LENDING?
- DAKOTA BUSINESS LENDING (North Dakota) receives grants from 2 organizations whose IRS filings report $351,575 to it, the largest being THE GOLDMAN SACHS FOUNDATION ($224,675). 2 of them have funded it in more than one year.
- How many funders does DAKOTA BUSINESS LENDING have?
- IRS filings report 2 organizations giving $351,575 in grants to DAKOTA BUSINESS LENDING, 2 of which have funded it in more than one year.
- Who is the largest funder of DAKOTA BUSINESS LENDING?
- THE GOLDMAN SACHS FOUNDATION is the largest funder on record, with $224,675 in grants. The full list of funders is on this page.
- How can an organization like DAKOTA BUSINESS LENDING find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in North Dakota. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 2 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing