Current Borrowers
Current Borrowers
Thank you for choosing Dakota Business Lending! As your trusted small business friend and ally, we want you to know that our partnership doesn’t end when your loan funds.
Our Servicing Team
Meet our Loan Servicing team, who will be assisting you throughout the life of your loan.
Abby Brost
Loan Servicing Specialist
Rochelle Anderson
Portfolio Manager
Please feel free to contact Abby or Rochelle at any time. They will be available to answer any questions you have regarding your loan, repayment plan, etc. at the email below.
Update Contact Information
It is important that our Loan Servicing team is aware of any changes to you or your business’ contact information.
To make any updates, please email [email protected] and include the following information:
- Your Name
- Business Name
- Loan Number
- Phone Number (in case we need to reach you)
- New information/updates to be made
Change ACH Accounts
If you would like to change the account that your monthly payment is being debited, you will need to submit a new ACH (Automated Clearing House) Form and send a canceled check to our office.
Please note that we must receive the form prior to the 13th of the month for the change to take effect the following week. If the 13th of the month falls on a weekend, it must be received on the Friday before the 13th.
Please email [email protected] to request an ACH form.
Check My Loan Balance
Your loan balance is listed on the amortization schedule that was provided to you after your loan was originally funded. As long as a payment has not been missed, the amortization schedule will be accurate.
If you need further assistance with your loan balance or need a new copy of your amortization schedule, email [email protected]. Please be sure to include your name, business name, loan number, and phone number.
Request Interest Statement
Annual Interest Statements containing interest and principal payments for the year will be mailed out from our Loan Servicing team. You can expect to receive them annually, sometime in February.
If for some reason you do not receive your statement and would like to request a copy, please email [email protected] and include your name, business name, loan number, and phone number. Note: we do not have access to this information until after January 31st.
Submit Documents
As you begin repaying your loan, our team will need to periodically collect current financials and other information from you.
Annual Financials
The SBA requires that Dakota Business Lending collect tax returns on an annual basis for your business(es). You can send them to our Loan Servicing team at the email below.
Submit Insurance Changes or Renewals
Our team is also required to have a current copy of each borrower’s hazard insurance on the building and/or business personal property such as equipment. Other types of insurance may also apply to your specific loan. We ask that your insurance agent include the following information on the proof-of-insurance certificate:
- Borrower’s name, loan number, property address, policy number, and expiration date.
- The following verbiage must appear on the ACORD: “Full Replacement Cost” and “10-day written notice of cancellation.”
- CDC and SBA named as 2nd Mortgagee and/or Lender Loss Payable as follows:
2nd Mortgage and Lender Loss Payable
Dakota Business Lending
5630 36th Ave S
Fargo, ND 58104
Please submit your proof of insurance via the following email: [email protected]
Other Questions?
For any other questions about your loan, contact [email protected]. Please be sure to include your name, business name, loan number, and phone number in the email.
Business Advising
Dakota Business Lending offers free, 1:1 business advising from our business and financing experts for current borrowers. Certain limitations apply. Contact your loan officer for more information.
