FARGO, ND
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)DAKOTA BUSINESS LENDING, founded in 1996, is a community nonprofit in the Community Improvement sector that reported $2.6M in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $3.3M exceeded revenue, resulting in a 25% operating deficit.
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.
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...
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.
INTERMEDIARY 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...
INTERMEDIARY 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).
INTERMEDIARY 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...
INTERMEDIARY 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).
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $2,624,392 | $3,485,431 | -0.2% |
| Expenses | $3,285,640 | $2,699,740 | +0.2% |
| Net Income | $-661,248 | $785,691 | -1.8% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MATT MARSHALL | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JIM HAMBRICK | DIRECTOR | 1.00 |
Director
|
$1,800 | $0 | $1,800 |
| STEVE GEHRTZ | DIRECTOR | 1.00 |
Director
|
$1,800 | $0 | $1,800 |
| JASON HOPFAUF | DIRECTOR | 1.00 |
Director
|
$1,550 | $0 | $1,550 |
| TONYA HOLMSTROM | CHAIR | 1.00 |
Officer
Director
|
$1,800 | $0 | $1,800 |
| JOHN PHILLIPS | DIRECTOR | 1.00 |
Director
|
$1,800 | $0 | $1,800 |
| COLE KENEY | VICE-CHAIR | 1.00 |
Officer
Director
|
$1,550 | $0 | $1,550 |
| HEATHER RANCK | DIRECTOR | 1.00 |
Director
|
$1,800 | $0 | $1,800 |
| STEVE M DUSEK | PRESIDENT & CEO | 40.00 |
Officer
|
$257,283 | $48,437 | $305,720 |
| ANN PETERSON | VP/LOAN OPERATIONS | 40.00 |
Highest
|
$138,316 | $34,622 | $172,938 |
| ANNJANETTE MARTINS | SR. CREDIT MANAGER | 40.00 |
Highest
|
$115,414 | $16,136 | $131,550 |
| JASON GERDES | BUSINESS DEVELOPMENT/COMME | 40.00 |
Highest
|
$104,311 | $21,085 | $125,396 |
| ROXANNE PFLIIGER | SENIOR BUSINESS DEVELOPMENT/COMME | 40.00 |
Highest
|
$116,082 | $20,494 | $136,576 |
| JO BACK | BUSINESS DEVELOPMENT/COMME | 40.00 |
Highest
|
$101,400 | $24,400 | $125,800 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $2,624,392 | $3,285,640 | $8,880,946 | $-661,248 |
| 2023 | $3,485,431 | $2,699,740 | $8,778,536 | $785,691 |
| 2022 | $2,699,017 | $2,141,843 | $6,832,211 | $557,174 |
| 2021 | $2,297,592 | $1,762,733 | $6,874,323 | $534,859 |
| 2020 | $1,480,924 | $1,551,455 | $6,151,963 | $-70,531 |
| 2019 | $1,367,205 | $1,666,028 | $6,425,468 | $-298,823 |
| 2018 | $1,300,188 | $1,433,404 | $6,927,757 | $-133,216 |
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