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Bottom line: Dakota Community Bank serves its community with a dedicated agriculture program and lots of personal financing options. But branches are closed on Saturdays.
SBA loans, FSA loans, business lines of credit, equipment financing, commercial real estate loans, personal loans, auto loans, boat and RV loans, home equity loans and lines of credit, mortgages
Types of loans available
Southwestern North Dakota
Area serviced
No
Online applications
Types of loans available | SBA loans, FSA loans, business lines of credit, equipment financing, commercial real estate loans, personal loans, auto loans, boat and RV loans, home equity loans and lines of credit, mortgages |
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Area serviced | Southwestern North Dakota |
Online applications | No |
Number of branches | 11 |
Branch hours | Varies by branch; usually 8 a.m. to 5 p.m. weekdays |
Customer service hours | Not stated |
Customer service options | Contact your branch |
Mobile app | Yes |
Routing number | 91303664 |
Review by
Anna Serio is a trusted lending expert and certified Commercial Loan Officer who's published more than 1,000 articles on Finder to help Americans strengthen their financial literacy. A former editor of a newspaper in Beirut, Anna writes about personal, student, business and car loans. Today, digital publications like Business Insider, CNBC and the Simple Dollar feature her professional commentary, and she earned an Expert Contributor in Finance badge from review site Best Company in 2020.
Dakota Community Bank can be a great option for farmers and ranchers. Its team of loan officers are experts in the agriculture industry and offer a range of farmer-friendly loan programs, including FSA, USDA and Farmer Mac financing. Other local business owners can also apply for SBA loans and your standard personal business lending options — including a robust vehicle financing program.
But there are no online reviews so you’ll have to ask around to get an idea of what to expect as a customer. It also isn’t open on Saturdays so you might have to meet during business hours.
Dakota Community Bank & Trust is a local bank with branches across the Southwest area of North Dakota. It's a locally owned bank with customer satisfaction at the forefront of its mission. It aims to combine old-fashioned service with modern banking technology.
You can find the following types of loans through Dakota Community Bank:
Dakota Community Bank has several lending programs specifically for agriculture businesses, including USDA loan programs and Farmer Mac financing. It also offers a special loan for future farmers called the Foundation Female Program, which awards applicants 0% interest loans to seventh or eighth graders to buy five bred heifers that they can use to start a cattle herd. Currently the Foundation Female Program is on hold.
You have to set up an appointment with a loan officer to get started on the application. But before you go in, you can download a copy of the paper application and a financial statement worksheet on the Dakota Community Bank website.
Typically, you'll go over your finances with the loan officer and discuss what you're looking for, and what they think would suit your business best. The application can take several weeks the first time around. But ideally your loan officer will get to know your business well enough to anticipate your financing needs ahead of time.
You can get started by contacting a member of Dakota Community Bank's loan officers at a branch in your area.
Compare Dakota Community Bank against a selection of online lenders tailored to your business's needs.
BBB accredited | No |
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BBB rating | A+ |
Indeed | 3 out of 5 stars, based on 2 customer reviews |
Customer reviews verified as of | 26 November 2020 |
Dakota Community Bank doesn't have any online reviews and complaints — common for a bank of this size. Talk to farmers, ranchers and other business owners in your area to learn what their experiences with this bank have been like.
This bank only has a couple of employee reviews online. Both talk about high quality customer service, but it's not enough to make a solid judgment. You can assess whether this is a bank you want to work with by speaking to a loan officer and members of your business community.
Having multiple accounts with your bank can make it easier to manage your funds and qualify for financing. Also consider signing up for these products for yourself and your business.
Dakota Community Bank also offers $800 scholarships to 11 local college students who demonstrate strong community involvement each year.
Dakota Community Bank got its start as Security Bank of Hebron in 1940. After a series of mergers, it eventually became Dakota Community Bank in 1997, after which it opened the majority of its branches. It earned a national charter in 2005 and trust powers in 2011.
Compare our picks for the best business loans to help you find the right lender for your business. Also read about your farm financing options.