Photo credit Source : siouxfalls.business
Celebrating Success: South Dakota Minority-Owned Small Business of the Year – Garza Insurance Agency
In a remarkable turn of events, Obed Garza, owner of Garza Insurance Agency, has been named the South Dakota Minority-Owned Small Business of the Year. Garza, who offers bilingual access to insurance services in Sioux Falls, expressed his shock and gratitude at receiving this prestigious award from the U.S. Small Business Administration.
Garza’s business has been thriving, catering to a diverse clientele that includes Hispanic, African, and Central American communities. His recent purchase of a building has allowed him to expand his services and accommodate the growing demand for insurance coverage.
With the support of Dakota Business Finance, Garza was able to secure an SBA 504 loan for the building purchase, enabling him to invest in his business and provide a one-stop shop for insurance and other professional services.
Similarly, Denise Cotter and Michelle Marino, owners of Houndstooth House, have seen significant growth in their home design and furnishings business after receiving the South Dakota Small Business Persons of the Year award in 2023. With the assistance of Dakota Business Finance, they were able to secure 504 loans for their building expansions, allowing them to enhance their services and attract more customers.
The SBA 504 program has been instrumental in supporting small businesses across South Dakota, providing access to capital and resources that have fueled growth and success. Dakota Business Finance, as the state’s top CDC, continues to play a crucial role in helping business owners navigate the loan process and achieve their goals.
As the economic landscape evolves, the SBA 504 program remains a valuable tool for businesses looking to expand and thrive. With competitive interest rates and flexible financing options, this program offers a pathway to success for entrepreneurs across the state.
To learn more about how Dakota Business Finance can support your business goals, visit their website and start your journey towards growth and prosperity.
