Skip to main content.
Add to Report View Custom Report

As your local U.S. Small Business Administration (SBA) Certified Development Company, Dakota BUSINESS Finance works with local lenders to provide loans to small businesses to construct, purchase, or renovate a building, install leasehold improvements or long-term machinery and equipment. Typically, the lender will provide 50 percent of the financing; SBA/Dakota BUSINESS Finance will provide 40 percent of the financing; and the small business owner will contribute the remaining 10 percent.

SBA/Dakota BUSINESS Finance's portion of the project is a direct loan from SBA, which sells the loans as bonds (or debentures) to investors on a monthly basis.  Loan participants must be for-profit businesses and meet standards set by SBA.

Fast Fact Image

A Half-Century of Serving South Dakotans

For more than half a century, the three nonprofit organizations comprising GROW South Dakota have fulfilled a vision of “GROWing sustainable communities through housing, community and economic development.” In 1966 the Northeast South Dakota Community Action Program (NESDCAP) was established as a Community Action Agency in the War on Poverty and has served thousands in 17 counties with emergency services as well as various housing programs.

Footer Logo

GROW South Dakota

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