Dakotas America, LLC

Sioux Falls SD


Dakotas America, LLC will provide debt and equity capital to support emerging businesses in North Dakota and South Dakota in the energy, food/commodity processing, technology, retail service, health care and tourism sectors. Its service area includes regional Native American reservations, areas of extreme rural out-migration, EZ/EC communities, and low-income communities that exhibit some of the nation’s most adverse economic conditions. The NMTCs may be used to create loans that offer significantly lower rates, and other more favorable terms such as higher loan-to-value ratios, unsecured status, lower solvency requirements, extended maturity or reduced payments, and “quasi-equity” characteristics in support of gap financing.

CDFI Awards for Dakotas America, LLC


NMTC (2008) - $80,000,000

Dakotas America, LLC will make debt and equity investments in new commercial businesses and community infrastructure projects that can spawn significant subsequent commercial business development. The vast majority of Dakotas America"s projects will be aimed at the most distressed rural, low-income communities in its service area, including Native communities. The NMTC allocation will be used to create direct loans that exhibit significantly lower rates, and other more favorable lending terms such as higher Loan-to-Value ratios, unsecured status, lower solvency requirements, extended maturity or reduced payments, and a€œquasi-equitya€ characteristics in support of gap financing.



NMTC (2006) - $50,000,000

Dakotas America, LLC will provide debt and equity capital to support emerging businesses in North Dakota and South Dakota in the energy, food/commodity processing, technology, retail service, health care and tourism sectors. Its service area includes regional Native American reservations, areas of extreme rural out-migration, EZ/EC communities, and low-income communities that exhibit some of the nation’s most adverse economic conditions. The NMTCs may be used to create loans that offer significantly lower rates, and other more favorable terms such as higher loan-to-value ratios, unsecured status, lower solvency requirements, extended maturity or reduced payments, and “quasi-equity” characteristics in support of gap financing.



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