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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. Start the application process with the online application tool or view the PDF application above.
