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| Why Choose Dakotaland? |
| Personalized Service |
| Fast & Easy Application Process |
| Competitive Interest Rates & Low Costs |
| Federal Regulations-Allow us to loan up to 80% of the value of the collateral. |
| SBA Loans-We are an approved SBA Lender |
Dakotaland Federal Credit Union offers a variety of products and services to help your business grow. Whether you are in need of new equipment, operating capital, a new building or land purchase, your credit union can help you with all of your needs.
Your Business Deserves More Value - We want to help our business-owning members get the value and service they deserve. Dakotaland Federal Credit Union can provide, DFCU Business Checking, DFCU Savings Accounts, DFCU ATM/Check Cards, and Business Loans! We provide the same friendly service and competitive rates you enjoy with your personal accounts, while helping you meet the financing requirements of your business.
The Dakotaland Federal Credit Union Business Program Offers:
- Business Line Of Credit or Operating Loan
Do you need temporary working capital for seasonal needs, bulk purchases, or other short-term cash needs? Our low rate Business Line Of Credit/Operating Loan is the product for you.
- Term Loans
Do you need money for expansion, new equipment, leasehold improvements, permanent working capital, or other long-term needs? Our flexible term loans will answer your needs. We have loans up to 15 years (depending on security offered) to help you with seasonal cash flow needs, floating or fixed rates, and many more flexible options to tailor the right loan for your company.
- Commercial Mortgages
Are you buying or constructing a new building? Do you need to refinance your current mortgage? Are you looking to consolidate some loans, or are you simply looking to cash out on some of your commercial real estate holdings? We provide mortgages for just about all types of properties which include manufacturing buildings, warehouses, medical buildings, offices, retail centers, apartment complexes, duplexes, up to 8 units, and commercial condominiums. We also finance owner-occupied or investment properties. We have loans with up to 15-year amortization, low floating or fixed (up to 5 years) rates, up to 80% loan to value (in certain cases), an many more flexible options to tailor the right mortgage for your property.
Applying For Loans
Applying for a DFCU Business Loan is easy.
- Use the reference chart below to quickly assess your loan application package requirements.
- Next, print the appropriate forms and applications and fill these out completely.
- Gather the other necessary documents required in the chart below.
- Submit your package to Dakotaland Federal Credit Union by:
- Mailing to:
Dakotaland Federal Credit Union
1371 Dakota Avenue S.
Huron, SD 57350
- Or, Faxing to: Commercial Loan Department (605)352-5918
- Or, dropping the application off at any of our DFCU Locations.
| DFCU Business Loan Checklist |
Completed |
| Dakotaland Personal Financial Statement/Application* |
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| Personal Tax Returns ( 3 Years)* |
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| Business Plan |
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| Financial Projections |
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| Equipment Description (If Equipment Loan) |
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*For each person owning 20% or more of the business or property. Please note that we may require additional information in order to make the final decision.
If you have questions regarding DFCU's Business Accounts or any of our other products and services, please call us at (800) 440-6573 or (605) 352-2845.
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