Page 45 - September 26, Bulletin

remain the first and only North Dakota-based financing entity to
aSSoCiaTe organizations recognized this year.
be chosen and one of the country’s top 100 community-focused
DBL uses the NMTC program as a unique financing mechanism

HAPPENINGS that provides gap financing with interest only payments for seven
years and then converts to equity in the business – principal
payment is not required. DBL has several projects in the pipeline
for consideration and is also working on the application for the next
Fargo round of funding. Please contact one of the DBL loan officers with
any potential projects and visit www.dakotabusinesslending.com/
Dakota Business Lending (DBL) is pleased loans/new-markets-tax-credit for more information.
to welcome Shelby Kraemer to their team
as an underwriter. Kraemer has a bachelor’s Fargo
degree in finance and brings with her over nine
years of experience in SBA and other business Dakota Carrier Network (DCN) has hired
financing programs, five of which were spent Adam Simmonds as its new chief financial
at a 504 certified development company like Shelby Kraemer officer (CFO). For more than a decade, he has
Dakota Business Lending. served in finance-related leadership roles at
construction companies in North Dakota and
Illinois, and most recently as client accounting
Fargo and advisory services office leader/controller Adam Simmonds

Dakota Business Lending (DBL) has been selected by the U.S. at CliftonLarsonAllen, the eighth-largest
Treasury Department's Community Development Financial accountancy firm in the United States. Simmonds earned a bachelor’s
Institution (CDFI) Fund to receive a $50 million New Markets degree in accounting and finance from Minnesota State University
Tax Credit (NMTC) award. This is their third NMTC allocation, Moorhead and has CPA licenses in North Dakota, Illinois, and
following two $30M awards received in 2021 and 2022. They Utah. He is a member of the American Institute of CPAs®.

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