SBA 504 Interest Rates | May 2024 | 10 Yr:  6.908%, 20 Yr: 6.656%, 25 Yr: 6.555% *rates may vary Learn More »


We have several loan programs to fit almost any business need – but don’t worry about figuring out which program you need, we will do that for you.  Learn more below about what makes Dakota Business Lending a great choice as a small business financing partner for lenders and borrowers.


SBA ILP (Intermediary Lending Program) – Helping small businesses start and expand

Why choose an SBA ILP: These fixed-rate, 5-15 year term loans up to $200,000 are intended for small businesses who may not be able to obtain conventional funding, or who need gap financing for a conventional loan. ILP loans may be used for working capital, equipment and inventory or real estate.

Loan amounts: Up to $200,000

Down payment: Minimum 10%

Eligible projects:

  • Working capital, equipment and inventory and real estate

Eligible businesses:

  • Special emphasis on businesses in communities with populations 50,000+
  • Special emphasis on businesses run by women entrepreneurs

Collateral and security: All loans shall be secured by the available assets of the borrower and its principals to the extent necessary to protect the interests of the lender as a secondary source of repayment. Lien on assets financed plus additional collateral as necessary.

Terms: 5-15 years

Rate: Fixed rate at the time the application is reviewed, depending on risk and length.

Other Questions? 

Contact us to discuss project feasibility and details of this and other loan programs.


Download our ILP Application & Application Checklist below, or better yet! Contact a loan officer in your area to jumpstart the process and have your application prefilled.