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GROW South Dakota's Frequently Asked Questions

How do I apply for a business loan?

An application is available here for download or call (605) 698-7654 to receive an application by mail.


How long does the process take?

Once GROW South Dakota has received a completed loan application and any additional information requested the process is quick and confidential.


Do I need to have a bank to qualify?

No, a bank is not required to qualify for a business loan. However, partnerships in which GROW South Dakota finances 50% of a project and a local bank finances the remaining 50% of the projects are common.


Who qualifies for a business loan?

Any new or existing business in the GROW South Dakota service area may qualify for a loan.  However, the business will need to provide collateral and show an ability to repay the loan.

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GROW South Dakota

GROW South Dakota
104 Ash Street East | Sisseton, SD  57262
Phone (605) 698-7654 | Fax (605) 698-3038 info@growsd.org