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Small Loan Fund

September 01, 2017

Category: Applications

Small Loan Fund



GROW South Dakota has limited loan funds available, statewide, to refinance existing personal debt or assist with a car repair. These loans can be a minimum of $500 to a maximum of $2,500. This is a 12-month term with a fixed interest rate of 10%. The Annual Percentage Rate, APR, will not exceed 36%.


Eligible loan purposes include: paying off high interest debt, satisfying judgements, car repairs, and other items determined eligible on a case-by-case basis. The loan must clear up the existing debt, satisfy the judgement, or complete the car repair.




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A Half-Century of Serving South Dakotans

In 1978, NESDCAP created the Northeast South Dakota Economic Corporation (NESDEC) as a revolving loan fund to focus on small business lending and job creation in 22 counties. In 2007, Grow South Dakota, was formed to provide housing, community and economic development statewide. Through services to individuals, technical assistance to community and economic development agencies, and loans to small businesses and homebuyers, GROW South Dakota has had broad and lasting impact.

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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