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Loans Available to New & Existing Businesses

Thursday, July 18, 2019

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GROW South Dakota, (GROW SD) finances business development across the state of South Dakota. Business loans can be financed directly or in partnership with other local lenders. Partnerships with other lenders have proven to be a useful tool for economic development in the region.

Lori Finnesand, GROW SD CEO, states, “GROW SD has funds available to lend to start-up or existing businesses. We can make smaller loans to individual businesses or partner with local banks on larger projects.”  Loan funds may be used to purchase real estate, equipment, inventory, and/or working capital.  Loan amounts typically range from $500 - $250,000.  The amount and term depend on the collateral.  

In conjunction with GROW SD, the Small Business Development Center (SBDC) provides free and confidential business consulting services. SBDC staff have an in depth background in business, providing the skills needed to assist entrepreneurs in business planning.

Category: GROW SD

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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