At Ally Dakota Development, “Your Ally in 504” is more than a tagline—it’s how we approach every SBA 504 project. From the initial financing discussion through SBA approval, closing, funding, and servicing, our team works alongside lenders, applicants, and the SBA to help move projects from concept to completion. PARTNER with Lenders Every successful SBA […]

Effective July 4, 2026, SBA is implementing a policy clarification that expands how the SBA 7(a) and SBA 504 loan programs can work together to support growing small businesses. While the update may sound technical, the practical impact could be significant for borrowers needing both operational financing and long-term fixed asset financing. What Changed? Under […]

A common misconception about the SBA 504 loan program is that it only works for startup businesses — or only for long-established businesses. In reality, SBA 504 can be a powerful financing tool for both. Existing Businesses For existing businesses, SBA 504 financing can allow the borrower to get into a project with as little […]

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 before an SBA 504 application is in place. What’s important to keep in mind is that […]

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 […]