The Community Development Financial Institution (CDFI) program works to promote economic revitalization and community development in low-income, disadvantaged, and underserved communities. Dakota Business Lending became a certified CDFI in 2022 and is dedicated to further supporting small businesses in this capacity.

What is a CDFI?

Community Development Financial Institutions (CDFIs) work to promote economic revitalization and community development in low-income, disadvantaged, and underserved communities.

Dakota Business Lending became a certified CDFI in 2022 and uses this program to support underserved businesses and individuals by providing additional access to capital and business support services.

Our CDFI Mission:

The goal of Dakota Business Lending’s CDFI program is to:

help business owners create what they want, in the place they want,
within the means they have
This means filling the gap through specialized lending and business education programs for businesses who lack access to capital or needed resources due to low-income challenges, lack of knowledge, and lack of loan support. This includes, but is not limited to:

Low credit score
Lack of necessary down payment
Insufficient collateral
Lower financial literacy
Lack of support/business network
Needed improvement in business acumen
Have been turned down by other lending programs or agencies
Many more!