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Economic Development Week: Empowering Growth with Business Lending and Coaching

Monday, May 06, 2024

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Economic Development Week (EDW) is an annual event celebrated between May 6 and May 10. Established by the International Economic Development Council, it serves as a reminder of economic development initiatives' impact on communities, businesses, and individuals, fostering growth and opportunity. In South Dakota, one organization stands out for its commitment to advancing housing, community, and economic development—GROW South Dakota.

Maureen Nelson, Senior Program Director, GROW South Dakota, says, “At GROW South Dakota, we believe economic development and growth are essential to building resilient, thriving communities. By investing in local businesses and providing support through lending and coaching, we empower entrepreneurs to create opportunities that benefit everyone in our state."

Business Lending: Fueling Entrepreneurship and Growth

One of the key services GROW SD offers is business lending. By providing confidential loan processing, the organization supports the growth and sustainability of businesses across the state. Whether you're a start-up or an established business, GROW SD offers financing options for real estate, equipment, inventory, and working capital.

Loan amounts typically range from $500 to $250,000, with terms based on collateral. GROW SD can also partner with banks to provide joint financing. Our flexible lending solutions cater to various business needs, empowering entrepreneurs to bring their visions to life. To inquire about current interest rates or to begin the loan application process, contact one of GROW SD's loan officers at (605) 698-7654.

Business Coaching: Guiding Entrepreneurs to Success

In addition to financial support, GROW SD offers comprehensive business coaching services. Whether you're just starting or looking to expand, the organization provides technical assistance to new and existing borrowers. From helping you develop a business plan to guiding you through financial projections, GROW SD's loan officers support you every step of the way.

If you want to start a business and need financing, speak with one of GROW SD's loan officers. They can help you gather the necessary documents and resources for your business idea. With their expertise and support, you can navigate the complexities of entrepreneurship and set your business on the path to success.

GROW South Dakota: Building a Brighter Future

During Economic Development Week and beyond, GROW South Dakota's dedication to housing, community, and economic development continues to impact the state significantly. GROW SD empowers entrepreneurs and business owners to reach their full potential through business lending and coaching, creating a brighter future for all South Dakotans. If you're ready to take the next step in your business journey, connect with GROW SD today.

Category: News

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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