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GROW South Dakota Economic Development Programs

Business Lending

For more than 40 years, our mission has been to support business owners through loans and business technical assistance. We continue this tradition today with affordable business financing. Here are details of the loan program:

  • Statewide lender
  • Finance new and existing businesses
  • Real estate, equipment, inventory and working capital
  • Terms and conditions
    • Loan amounts typically range from $500-$250,000
    • The term is based on collateral
    • Inquire about current interest rates
  • Will partner with a bank to provide joint financing
  • Start the application process with the online application tool or view the Business Loan Application and sample cash flow statement.
  • Contact a loan officer for more information at (605) 698-7654 or view the frequently asked questions.

Business Technical Assistance

Free business assistance is available to GROW South Dakota business borrowers. Ongoing one-on-one consulting is offered for cash flow and sales analysis, pricing, marketing, and customer service regardless of the size or maturity of the business.

Small Business Development Center

The Small Business Development Center offers no cost confidential business management consulting services to support potential and existing businesses in South Dakota. The Center assists clients in developing their business plans, preparing financial projections, or addressing other issues the small business person may face. The Center also provides basic business training to help small businesses become more successful.

The SBDC is located at 416 Production Street North, Aberdeen, SD 57401.  Phone: (605) 626-2565; Fax: (605) 626-2667.  Visit their website, sdbusinesshelp.com, for more information.

Fast Fact Image

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