The Dakota Business Lending is a business loan from Dakota Business Lending. The ongoing APR is Fixed rate determined at the time the 504 loan is funded, 6-8 weeks after project completion; posted SBA 504 rates October 2026: 10 Yr 6.614%, 20 Yr 6.980%, 25 Yr 6.984% (rates may vary). Approval typically requires a credit score of Credit score requirements vary by program; a credit score below 650 generally requires additional discussion during the application process or higher. Typical credit limit: $25,000 - $5 million (up to $5.5 million in certain cases). Loan terms: 10, 20 and 25 year terms for real estate and long term fixed assets, determined by use of proceeds.