GROW South Dakota Programs

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 Small Business Development Center is a resource partner of the Small Business Administration (SBA) but does not administer any of SBA’s financial programs. Follow the SBA program link(s) below for funding program information

More Business

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 Contact a loan officer for more information at (605) 698-7654 Learn More

Business Newsletter

Stay up to date on all the new programs and information available to small businesses. Learn More

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.