Your Financing Toolbox

EDND 2015 Summer ConferenceJune 25, 2015

About Dakota CDC

• Provide opportunities for entrepreneurs and small business owners achieve their dreams through unique & creative financing packages

• Collaborate with lenders, borrowers, economic development professionals and other partners throughout ND & western MN

• Since 1983, have delivered over $450 million in small business loans with total project financing impact of over $1 billion!

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What’s in your FinancingToolbox?

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Our loan programs

The Heavy Hitter• SBA 504• Generally well known• Owner occupied real estate, real estate improvements and

equipment• Lower down payment (starting at 10%)• Below market, fixed interest rate for 10 or 20 year term

(June = 4.37% & 5.06% respectively)• Works in conjunction with primary lender• Up to ~$5,000,000 loan (~$12,000,000 total project)• General eligibility = job creation, rural development, &

several other public policy objectives

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Our loan programs

Multipurpose• Revolving loan funds

• SBA ILP (Bismarck, Fargo, Grand Forks, Minot)• USDA Rural Development IRP (Pop. < 50,000)• USDA Rural Development RBEG (Billings, Dunn, Slope, Hettinger,

Sioux, McHenry, Rolette, Pierce & Benson)• Real estate, equipment, inventory, working capital, some debt

re-fi & other general business purposes• Min 10% down• Competitive, fixed interest rate for terms up to 15 years

depending on program & use• Can work with primary lender, as gap financing or

independently• Up to $250,000 loan

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Our loan programs

Special Purpose• Dakota Medical Foundation & Impact Foundation IRP’s• Health & safety projects in rural communities (pop.<50,000)• For-profit & non-profit entities• Real estate, equipment, leasehold improvements, working

capital• Min 10% down• Competitive, fixed interest rate for terms up to 15 years

depending on program & use• Can work with primary lender, as gap financing or

independently• Up to $150,000 DMF / $250,000 Impact loans

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Our loan programs

Small jobs• Main Street

• Working capital, equipment/machinery• Min 10% down• Competitive, fixed interest rate for up to 5 year term• Can work with primary lender, as gap financing or independently• Up to $35,000 loan

• Kiva Zip• Crowd funding, online platform• 0% interest, no fees, 2 year term• Up to $5,000 loan• Support network

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Putting it all together

• Eligibility criteria & plenty of details for all programs• It usually takes multiple tools to come up with the

best answer

• Have an idea of the programs available& then….

• Call us to work through the details

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Putting it all together

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Why we do what we do!

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For more information

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Roxi Pfliiger701.364.0197roxi@dakotacdc.com

Christie Williams 701.364.1912christie@dakotacdc.com

Steve Dusek 701.364.1911steve@dakotacdc.com

Phone: 701-293-8890Toll Free: 1-800-611-8997www.dakotacdc.com

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