Flexible Lending Programs Fuel Business Growth Across South Dakota

For over 40 years, GROW South Dakota has been a key player in promoting economic development throughout the state.

As a statewide lender, the organization is dedicated to supporting new and existing businesses through a range of financial services and technical assistance.

The goal? Equip entrepreneurs with the resources needed to succeed in today’s competitive market.

Comprehensive Financing Solutions

Available financing solutions include a wide variety of loan options tailormade to meet a diverse range of needs, from acquiring real estate and purchasing equipment to securing working capital.

Loan amounts vary, with terms based on the collateral provided, and flexibility that’s key to ensuring businesses of all sizes can access the funds needed for their projects.

Especially small business owners.

As an approved intermediary for the U.S. Small Business Administration's (SBA) Microloan Program, GROW offers specialized support to small businesses, particularly those in underserved communities. 

The SBA Microloan Program plays a crucial role in helping entrepreneurs establish and grow their businesses, contributing to the overall economic vitality of the region.

GROW South Dakota also collaborates with local banks to offer joint financing opportunities. By combining resources, they can provide larger funding packages that enable businesses to undertake more extensive projects and expansions.

Free Expert Business Consulting

In addition to financial assistance, GROW South Dakota is closely affiliated with the Small Business Development Center. Did you know that SBDC services are provided at no cost? Or that they offer confidential business management consulting services for free?

Entrepreneurs can benefit from expert guidance in developing business plans, preparing financial projections, and addressing various operational challenges.

This comprehensive support system is designed to ensure that business owners are well-equipped to make informed decisions and achieve long-term success, creating a win-win for the communities they serve.

For more information on GROW South Dakota's business lending programs or to discuss specific financing needs, contact a loan officer at (605) 698-7654 or click here.