Spring is when we see a lot of projects get underway across South Dakota—construction starts, expansions begin, and timelines move quickly. In many cases, lenders step in with short-term or bridge financing to help their clients get projects moving. What’s important to keep in mind is that this doesn’t close the door on SBA 504. […]

If you bring up the SBA 504 loan – you’re far more likely to win the deal. We see it all the time, our borrower had visited multiple lenders in their market. The feedback was consistent: they would need to inject 20-25% (or more) to move forward. The challenge? They didn’t have the level of […]

FUNDED AND IT FEELS SO GOOD – Congratulations to Dairy Queen Grill & Chill in Hartford, SD! Ally Dakota Development partnered with First National Bank (Pierre, SD) to finance the purchase of land, construction of the building, and new FF&E for this exciting new Dairy Queen location. This Dairy Queen brings a beloved brand to […]

42nd Annual Celebration – East River Last week, we gathered at Schade Vineyard & Winery in Volga to celebrate 42 years of impact in South Dakota – and what a beautiful afternoon it was! Highlights of the event include: Lender of the Year – Congratulations to Mike Kluck with Dacotah Bank (Watertown, SD)! Guest speakers […]

FUNDED AND IT FEELS SO GOOD – Congratulations to Run Wild! Ally Dakota Development partnered with Black Hills Community Bank (Rapid City, SD) to finance Run Wild’s purchase of the building in Summerset, SD, which they’ve been renting since 2019. Run Wild is a high-quality recreation center serving Summerset, Rapid City, and surrounding communities with […]

From breakout sessions to beachside bonding, our team had an incredible week last week in Ft. Lauderdale attending the National Association of Development Companies – NADCO Annual Conference! NADCO always puts on an excellent event, and this year was no exception. The breakout sessions and specialty training workshops were chock-full of great, applicable information – […]