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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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The GROW South Dakota Organizations Have had a Remarkable Few Years!

Grow South Dakota deployed 172 down payment and closing cost loans for a total of $1.17 million, paired with $25.2 million in partner first mortgages.

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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