FranchiseVerdict

SBA 504 certified development company

Dakota Business Finance

EXCELLENT risk
Total loans
86
Loan volume
$90.0M
Avg loan size
$1.0M
Default rate
0.0%
vs 13.3% national avg

Defaults

0

Franchises funded

57

Risk rating

EXCELLENT

Top franchise exposures

Lending volume by year

2
'09
4
'10
7
'11
6
'12
4
'14
4
'15
2
'16
9
'17
2
'18
1
'19
3
'20
8
'21
10
'22
6
'23
8
'24
8
'25
2
'26

Geographic coverage

Iowa
110.0%

Portfolio summary

Total funded$90.0M
Defaults0 of 86
Risk tierEXCELLENT

Source: SBA 504 FOIA loan-level data, aggregated by FranchiseVerdict

Default rate = charge-offs / (charge-offs + paid-in-full). Active, exempt, and cancelled loans are excluded. Risk ratings: Excellent (<5%), Good (5-10%), Average (10-15%), Elevated (15-20%), Critical (>20%).