2023-11-09T14:42:16-06:00 2022-12-31 450310328 BRADY MARTZ & ASSOCIATES PC PO BOX 14296 GRAND FORKS ND 582084296 990 2022-01-01 450443523 DAKOTA BUSINESS LENDING DAKO 7012938892 5630 36TH AVE S FARGO ND 58104 STEVE M DUSEK PRESIDENT & CEO 7012938892 2023-11-08 1 STEVE DUSEK 999009999 0 ASHLEY ENGEL P01220321 7017754685 2023-11-08 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z STEVE M DUSEK 5630 36TH AVE S FARGO ND 58104 2699017 0 X WWW.DAKOTABUSINESSLENDING.COM X 1996 ND DAKOTA BUSINESS LENDING IS A SMALL BUSINESS RESOURCE THAT DRIVES ECONOMIC GROWTH BY:1. PROVIDING UNIQUE FINANCING OPPORTUNITIES2. POSITIVELY IMPACTING THE COMMUNITIES WE SERVE3. EDUCATING AND GUIDING SMALL BUSINESSES4. BUILDING PARTNERSHIPS THAT ADD VALUE AND CREATING AN ENVIRONMENT WHERE OUR TEAM MEMBERS THRIVE. 9 9 15 0 0 0 0 229499 2164867 2298260 127461 165946 5264 5312 2297592 2699017 17280 8374 0 0 1129347 1507628 0 0 0 616106 625841 1762733 2141843 534859 557174 6874323 6832211 3324965 2725679 3549358 4106532 X DAKOTA BUSINESS LENDING IS A SMALL BUSINESS RESOURCE THAT DRIVES ECONOMIC GROWTH BY:1. PROVIDING UNIQUE FINANCING OPPORTUNITIES2. POSITIVELY IMPACTING THE COMMUNITIES WE SERVE3. EDUCATING AND GUIDING SMALL BUSINESSES4. BUILDING PARTNERSHIPS THAT ADD VALUE AND CREATING AN ENVIRONMENT WHERE OUR TEAM MEMBERS THRIVE. 0 0 1381212 8374 2376592 SBA 504 PROGRAM, 61 LOANS FUNDED IN 2022, 1,158 FUNDED PROGRAM TO DATE. DAKOTA BUSINESS LENDING IS THE NUMBER 1 SBA 504 LENDER IN THE STATE OF NORTH DAKOTA. THE SBA 504 PROGRAM PROVIDES LONG-TERM, FIXED RATE FINANCING TO AMERICA'S SMALL BUSINESSES. THE PURPOSE OF THE 504 LOAN PROGRAM IS TO CREATE AND RETAIN JOBS BY PROVIDING A STABLE, QUALITY SOURCE OF CAPITAL TO SMALL BUSINESSES WHICH OFTEN TIMES HAVE DIFFICULTY QUALIFYING FOR TRADITIONAL FINANCING. 6353 24809 INTERMEDIARY LENDING PROGRAM, 2 LOANS FUNDED IN 2022, THESE FIXED-RATE, 5-15 YEAR TERM LOANS UP TO $200,000 ARE INTENDED FOR SMALL BUSINESSES WHO MAY NOT BE ABLE TO OBTAIN CONVENTIONAL FUNDING, OR WHO NEED GAP FINANCING FOR A CONVENTIONAL LOAN. ILP LOANS MAY BE USED FOR WORKING CAPITAL, EQUIPMENT, AND INVENTORY OR REAL ESTATE. 3948 31475 INTERMEDIARY RELENDING PROGRAM 2 & 3, 4 LOANS FUNDED IN 2022, 66 LOANS FUNDED TO DATE. BORROWERS IN RURAL COMMUNITIES (POPULATION UNDER 50,000) MAY BENEFIT FROM A FIXED-RATE, 5-15-YEAR LOAN UP TO $250,000 TO FINANCE A NEW OR EXISTING BUSINESS, PURCHASE EQUIPMENT OR REAL ESTATE OR USE AS WORKING CAPITAL. HEALTH-RELATED IRP LOANS ARE ALSO AVAILABLE, AS DAKOTA BUSINESS LENDING HAS ESTABLISHED A PARTNERSHIP WITH AREAS LENDERS AND SMALL BUSINESSES AS WELL AS THE U.S. DEPARTMENT OF AGRICULTURE TO OFFER THE INTERMEDIARY RELENDING PROGRAM (IRP). 4924 31330 OTHER PROGRAM SERVICES INCLUDE INTERMEDIARY RELENDING PROGRAM 1, INTERMEDIARY RELENDING PROGRAM 4 THE MICROLOAN LENDING PROGRAM, THE RURAL BUSINESS ENTERPRISES PROGRAM, THE MAIN STREET LOAN PROGRAM, AND THE COMMUNITY ADVANTAGE LOAN PROGRAM. 4924 31330 1396437 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 1 1 0 0 0 1 28 0 1 15 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X STEVE M DUSEK 7012938892 5630 36TH AVE SOUTH FARGO ND 58104 DAN JACOBSON PAST CHAIRMAN 1.00 X X 1700 0 0 JIM HAMBRICK CHAIRMAN 1.00 X X 2550 0 0 STEVE GEHRTZ DIRECTOR 1.00 X 2050 0 0 JASON HOPFAUF DIRECTOR 1.00 X 2550 0 0 KIM KAUTZMAN DIRECTOR 1.00 X 2050 0 0 TONYA HOLMSTROM VICE-CHAIRMAN 1.00 X X 2550 0 0 JOHN PHILLIPS DIRECTOR 1.00 X 2550 0 0 MICHAEL CONNOR DIRECTOR 1.00 X 2550 0 0 COLE KENEY DIRECTOR 1.00 X 2550 0 0 HEATHER RANCK DIRECTOR 1.00 X 850 0 0 STEVE M DUSEK PRESIDENT & CEO 40.00 X 206642 0 35404 228592 0 35404 1 0 1 0 0 187199 42300 229499 LOAN SERVICING & PROCE 525990 1642530 1642530 MANAGEMENT FEES 541610 655730 655730 2298260 165946 165946 MISCELLANEOUS 900099 5312 5312 5312 2699017 2464206 0 5312 8374 8374 270934 62246 208688 986125 777081 209044 57715 45480 12235 101008 79596 21412 91846 72376 19470 52712 52712 30900 30900 65703 52641 13062 47505 41064 6441 58139 58139 51349 39863 11486 63380 15137 48243 70721 56577 14144 23301 7606 15695 ADMINISTRATIVE EXPENSES 77051 26608 50443 MISCELLANEOUS EXPENSES 45680 16899 28781 BAD DEBT 23262 23262 DUES AND SUBSCRIPTIONS 12823 12823 3315 665 2650 2141843 1396437 745406 0 213765 140703 3209429 1969707 1389216 1842709 32111 27733 2119774 420009 1718531 1699765 117036 112253 194235 1039341 6874323 6832211 455585 110319 30000 0 2839380 2615360 3324965 2725679 X 3455420 4012594 93938 93938 3549358 4106532 6874323 6832211 557174 0 X X 0 1 X 1 1 1 X 229499 229499 1047220 1094554 1259347 2164867 2298260 7864248 1047220 1094554 1259347 2164867 2527759 8093747 0 0 0 8093747 220276 253074 175883 127461 165946 942640 220276 253074 175883 127461 165946 942640 33679 19577 45694 5264 5312 109526 1301175 1367205 1480924 2297592 2699017 9145913 0.88500 0.85460 0.10310 0.12580 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 197640 197640 1616797 212301 1404496 305337 207708 97629 1699765 ACCRUED INTEREST RECEIVABLE 15594 RESTRICTED DEPOSITS 148841 OTHER RECEIVABLE 233329 SECURITY DEPOSITS RECEIVABLE 1200 DUE FROM SUBSIDIARY 640377 1039341 X PART X, LINE 2: THE ORGANIZATION'S POLICY IS TO EVALUATE THE LIKELIHOOD THAT ITS UNCERTAIN TAX POSITIONS WILL PREVAIL UPON EXAMINATION BASED ON THE EXTENT TO WHICH THOSE POSITIONS HAVE SUBSTANTIAL SUPPORT WITHIN THE INTERNAL REVENUE CODE AND REGULATIONS, REVENUE RULINGS, COURT DECISIONS, AND OTHER EVIDENCE. IT IS THE OPINION OF MANAGEMENT THAT THE ORGANIZATION HAS NO SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD BE SUBJECT TO CHANGE UPON EXAMINATION. THE FEDERAL INCOME TAX RETURNS OF THE ORGANIZATION ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY THREE YEARS AFTER THEY WERE FILED, ALL FILINGS ARE CURRENT. X X 0 0 0 0 0 0 0 0 0 STEVE M DUSEK PRESIDENT & CEO 191792 0 0 0 14850 0 13625 0 28717 0 248984 0 0 0 ABIGAIL BROST FAMILY MEMBER OF STEVE DUSEK 18513 COMPENSATION 0 FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS HAD PREVIOUSLY STATED THAT ONCE ANY DIRECTOR HAS SERVED TWO (2) CONSECUTIVE TERMS ON THE BOARD OF DIRECTORS, THEN THAT DIRECTOR SHALL ROTATE OFF THE BOARD FOR AT LEAST ONE (1) YEAR. THE BYLAWS WERE RESTATED TO ADD, "WITH THE EXCEPTION OF THE CHAIR AND VICE CHAIR, WHO MAY SERVE ADDITIONAL TERMS TO SATISFY HIS OR HER TERM IN OFFICE AND, IN THE CASE OF THE VICE CHAIR, TO SERVE AS CHAIR IF ELECTED TO SUCH OFFICE AND/OR UNTIL SUCH A REPLACEMENT IS FOUND." FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS DISTRIBUTED TO THE GOVERNING BODY AT A BOARD MEETING TO GIVE THEM THE OPPORTUNITY TO MAKE ANY NECESSARY CHANGES AND APPROVE THE 990. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL FILINGS OF ORGANIZATIONS AFFILIATED BY EACH OFFICER, DIRECTOR OR TRUSTEE, AND KEY EMPLOYEE. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS DETERMINED BY BOARD OF DIRECTORS USING THEIR KNOWLEDGE FROM RUNNING THEIR OWN BUSINESSES AS WELL AS EVALUATING THE EXPERIENCE LEVEL OF THE EMPLOYEE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: PROCESS HAS NOT CHANGED FROM PRIOR YEAR. DBL EQUITY PARTNERS 5630 36TH AVE SOUTH FARGO ND 58104 831825710 HELP & ASSIST BUSINESSES THROUGH NEW MARKET TAX CREDIT PROGRAM ND 501(C)(3) 7 DAKOTA BUSINESS LENDING 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 DBL EQUITY PARTNERS L 639888 MANAGEMENT FEE