At a glance
From its website, read 2 Nov 2026Dakota Resources is a loan fund based in Renner, South Dakota. Its website describes microloans and nonprofit facility loans. Where it lends: Rural places nationwide. The business loan rate it states is 3%. You can start an application online.
Each point is backed by a quote further down this page. Terms change: confirm with the lender.
How to reach them and apply
| Main | (605) 978-2804 source |
|---|---|
| Apply online | Page with the application link |
| Website | dakotaresources.org |
| Office (official list) | 25795 475th Ave Suite 1, Renner, SD 57055 |
What their website says about applying
If you are eligible for a loan, download the form below and fill out the information. When the form is complete, email to
source
Phone numbers and addresses are the ones on the lender's own site and the CDFI Fund list. CDFI Atlas does not take applications.
Rates and terms they state
Read 2 Nov 2026| Loan | Stated | Text on the lender's site (verbatim) | Page |
|---|---|---|---|
| Loans (general) | Rate stated, not as an APR: see their wording | Variable rate: 5.35% (adjusts annually) | source |
| Loans (general) | Rate stated, not as an APR: see their wording | Fixed rate for 5 years: 5.65% | source |
| Loans (general) | Rate stated, not as an APR: see their wording | Fixed rate for 10 years: 5.9% | source |
| Nonprofit / community facility loans | Rate: from 3% | $100,000 minimum loan, with interest rates as low as 3%, based on qualifications and loan terms | source |
| Loans (general) | Term: see their wording | Up to 10-year terms. | source |
| Nonprofit / community facility loans | Term: up to 33 yr | Up to a 33-year term, with no pre-payment or early principal payment penalty | source |
As published on the lender's website on that date, not an offer or a quote. Your rate depends on the lender's review. A missing rate means the pages we read did not state one. For consumer loans we repeat a rate only when the lender states it as an APR (annual percentage rate, which includes fees); otherwise read the lender's own wording and ask for the APR.
Who qualifies, in their words
- Collateral required
Secured credit and collateral required; eligible applicants include qualified public bodies, nonprofits, and tribes
source - Collateral flexible or not always required
Unsecured credit with no collateral or project approval requirement.
source
Only rules the lender's own pages state. Other requirements may apply.
Official record
CDFI Fund list, 21 Oct 2026| Institution type | Loan fund |
|---|---|
| Native CDFI | No |
| Date certified (as listed) | 13 Jul 2025 |
| RSSD ID | — (none listed) |
| Address | 25795 475th Ave Suite 1, Renner, SD 57055 Directions (Google Maps) |
| Website | dakotaresources.org |
Head officeBranch or officeApproximate (ZIP code area)
Map data © OpenStreetMap contributors, © OpenMapTiles, tiles OpenFreeMap. Head-office points: U.S. Census Bureau geocoder.
Loans and eligibility
Verified from lender site on 2 Nov 2026Read from 7 pages of the lender's website on 2 Nov 2026. Quotes are verbatim. Extracted with AI help from the pages listed below and checked automatically against them. Not reviewed by a person. Confidence: medium. The main Capital Investment Fund loans for economic development organizations do not fit a listed product category, so they are not tagged; loan size range is inconsistent across pages and left blank. Terms change — confirm with the lender before applying.
| Product | Amount stated | Text on the lender's site (verbatim, incl. menu labels) | Page |
|---|---|---|---|
| Microloans | up to $25,000 | $25,000 maximum loan; available for small business needs. | source |
| Nonprofit / community facility loans | from $100,000 | $100,000 minimum loan, with interest rates as low as 3%, based on qualifications and loan terms | source |
Loan sizes
Service area
Rural places nationwide
Community Development Loans support economic development organizations, housing authorities, and Community Development Financial Institutions (CDFIs) in rural places nationwide by offering flexible, affordable loans.
source
Borrower focus
Languages
- No non-English service found on the pages we read.
Online application
Yes — the site links to an application. Apply for a Loan
source
Pages read (7)
- https://dakotaresources.org/
- https://dakotaresources.org/invest/
- https://dakotaresources.org/financing/
- https://dakotaresources.org/financing/capital-investment-fund-loan-application/
- https://dakotaresources.org/contact-us/
- https://dakotaresources.org/new-markets-tax-credits/
- https://dakotaresources.org/sponsor/
Questions to ask when you contact them
Based on what their website said when we read it on 2 Nov 2026, and what it left out. Something missing here does not mean they don't offer it: ask.
- What are the smallest and the largest loans you make?
No loan amounts are stated on their website. - Do you offer free coaching or help preparing my application?
CDFI certification requires development services, such as training or advice, alongside lending. - What documents will you need from me, and how long does a decision usually take?
Their website describes some application steps (above); ask for the full document list.
Write down the answers, who you spoke to and the date, and ask for the terms in writing before you sign.
CDFI Fund awards
CDFI Fund database, 3 Nov 2026$10.3 million in 13 awards from the U.S. Treasury's CDFI Fund, 1998–2024 (4 programs).
| Round year | Program | Amount |
|---|---|---|
| 2024 | CDFI Program, Financial Assistance | $1,110,000 |
| 2022 | CDFI Equitable Recovery Program | $549,475 |
| 2021 | CDFI Rapid Response Program | $1,826,265 |
| 2020 | CDFI Program, Financial Assistance | $750,000 |
| 2019 | CDFI Program, Financial Assistance | $674,000 |
| 2016 | CDFI Program, Financial Assistance | $1,500,000 |
| 2012 | CDFI Program, Financial Assistance | $703,806 |
| 2011 | CDFI Program, Financial Assistance | $1,000,000 |
| 2010 | CDFI Program, Financial Assistance | $750,000 |
| 2009 | CDFI Program, Financial Assistance | $1,000,000 |
| 2007 | CDFI Program, Financial Assistance | $386,984 |
| 2001 | CDFI Program, Technical Assistance | $44,000 |
| 1998 | CDFI Program, Technical Assistance | $50,000 |
These are awards and investments made to the institution itself to build its capital and capacity. They are not loans to borrowers, and an award does not mean the lender has money available for a particular loan today.
Source: CDFI Fund Searchable Awards Database, all 12,628 award records (1996–2025), read 3 Nov 2026. Years are the award round as the database lists it. Matched to the official CDFI list by exact name and state; see the method on the About page.
Size of the fund (IRS Form 990)
Fiscal year ending Dec 2023| Total assets | $37.8M |
|---|---|
| Total liabilities | $22.8M |
| Net assets | $15M |
| Total revenue | $3.9M |
| Notes and loans receivable, net (Part X line 7) | $30.6M |
| Program-related investments (Part X line 13) | $862,555 |
End-of-year figures from the Form 990 this organisation filed with the IRS for the fiscal year ending December 2023 (tax year 2023; EIN 46-0442430, filed as “DAKOTA RESOURCES”), taken from the IRS Annual Extract of Tax-Exempt Organization Financial Data (returns processed in 2024). Figures are self-reported to the IRS, not audited by us, and lag one to two years behind today. The lender’s own annual report may show newer numbers. This organisation’s filings on ProPublica Nonprofit Explorer
Filings over time
| Fiscal year ending | Total assets | Net assets | Revenue | Notes and loans receivable |
|---|---|---|---|---|
| Dec 2021 (990) | $30.2M | $14.2M | $4.2M | $21.1M |
| Dec 2022 (990) | $32.7M | $14.1M | $2.4M | $28.3M |
| Dec 2023 (990) | $37.8M | $15M | $3.9M | $30.6M |
Total assets grew 25% from Dec 2021 to Dec 2023; notes and loans receivable rose 45%. One row per fiscal year in the IRS extracts of returns processed in 2022, 2023, 2024; “—” = the line was empty or zero on that return (a fund can book its loans on other lines).
How it compares
Computed from public data| Measure | This lender | Compared with |
|---|---|---|
| Total assets, latest IRS Form 990 | $37.8M | Larger than 71% of the 7 other certified loan funds and venture funds in South Dakota with a matched Form 990 (median $26.9M). |
| Business loan rate its website stated (2 Nov 2026) | 3.00% | Prime rate that day: 7.00% (FRED DPRIME), so the lowest stated rate is 4 pts below prime. For an SBA 7(a) variable-rate loan the legal maximum is prime plus 3 to 6.5 points, by loan size. |
How these comparisons were worked out
| Measure | Peer group (this lender left out) | Peers | Where this lender sits |
|---|---|---|---|
| Form 990 total assets | certified loan and venture funds with a Form 990, in South Dakota | 7 | larger than 71% |
“Larger than X%” = the share of the peer group with a smaller value. Ranks count from the largest. Peer groups use the lender's home state when it has at least 5 peers, otherwise the whole country. Full definitions: methodology.
For comparison, not an offer and not a rating. Past records show what this lender did, not what you would be offered; your rate depends on the loan and on the lender's review. Peer groups and sources: methodology. Form 990 figures: IRS annual extracts (see the Form 990 section). Prime rate: FRED DPRIME.
Other certified CDFIs in Renner and South Dakota
- Akiptan, Inc.Loan fund · Eagle Butte, SD · Native CDFIAgriculture / farm loansVerified
- Coteau Valley Federal Credit UnionCredit union · Sisseton, SDAuto / vehicle loans, Home mortgages, Personal / consumer loansVerified
- Fort Randall Federal Credit UnionCredit union · Wagner, SDAgriculture / farm loans, Auto / vehicle loans, Credit-builder loans, Equipment loans…Verified
- Four Bands Community Fund, IncorporatedLoan fund · Eagle Butte, SD · Native CDFIAgriculture / farm loans, Credit-builder loans, Home repair / improvement loans, Microloans…Verified
- Grow South DakotaLoan fund · Sisseton, SDHome mortgages, Small-business loansVerified
- Lakota Fund, Inc., TheLoan fund · Kyle, SD · Native CDFIAgriculture / farm loans, Microloans, Small-business loansVerified
Work at Dakota Resources? Link to this page
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