Business Loan Program
Funding Amount
$500 - $400,000
Deadline
Rolling (quarterly review)
Grant Type
Foundation
Deadline history & next window
- Cycle
- Rolling — applications accepted year-round
- Tracked since
- April 2026
Source: the cycle recorded on this listing. Confirm dates with the funder.
Can we apply?
Check your organization against each line. Taken from the listing; confirm with the funder's guidelines.
Other requirements
- New businesses
- Existing businesses
- Small business owners
Overview
GROW South Dakota provides financing for both new and existing businesses across South Dakota.
Program Details
- Geographic Scope: South Dakota
- Eligible Businesses: New and existing businesses
- Loan Amount Range: $500 to $400,000 (typical range)
- Loan Uses:
- Purchase inventory
- Acquire equipment
- Purchase real estate
- Boost working capital
- Partnership Option: GROW South Dakota will partner with area banks to finance business projects
- Lender Network: Over 90 area banks partner with GROW South Dakota in lending to small business owners
Eligibility
- New businesses
- Existing businesses
- Small business owners
Contact Information
GROW South Dakota
- Address: 104 Ash Street East, Sisseton, SD 57262
- Phone: (605) 698-7654
- Fax: (605) 698-3038
- Email: info@growsd.org
How to Apply
How to Apply
- Start the application process with the online application tool
- Watch the "How to Video" for creating your online account
- Complete the Business Loan Application form
- Submit through the online portal
Support Available
- Small Business Development Center (SBDC) offers no-cost, confidential business management consulting services
- Assistance with developing business plans
- Help with preparing financial projections
- Support addressing other business challenges
What Grow South Dakota actually gave
Source: IRS Form 990, 2025
- Grants in 2025
- 3
- Total given
- $42K
- Median grant
- $12K
- Range
- $7,821–$21K
- By dollars: Wyoming 51%, North Dakota 30%, South Dakota 19%. Top recipient cities: Buffalo, WY; Mandan, ND; Kyle, SD.
Example grants
Blue STEM Consulting · Buffalo, WY
Support programs
$21K
Community Works North Dakota · Mandan, ND
Support programs
$12K
The Lakota Funds · Kyle, SD
Support programs
$7,821
Focus Areas & Funding Uses
Fields of Work
- Small businesses
- Startups
Categories
Browse similar grants by category
Related Grants
Open grants from this funder and similar programs
South Dakota State Trade Expansion Program (STEP) Grant
South Dakota Trade Association
Amount
Up to 75% reimbursement of eligible expenses
Deadline
Rolling (quarterly review)
NSF Small Business Innovation Research / Small Business Technology Transfer Phase I, Phase II, Fast-Track Programs: A Pilot Emphasis on Scientific Instrumentation
U.S. National Science Foundation
Amount
$40,000,000 total
Deadline
November 4, 2026
NIH Small Business Technology Transfer Grant (Parent STTR [R41/R42] Clinical Trial Optional)
National Institutes of Health
Amount
Varies
Deadline
April 5, 2027
NIH Small Business Innovation Research (SBIR) Phase IIB Strategic Breakthrough Award (Parent [R44] Clinical Trial Optional)
National Institutes of Health
Amount
Varies
Deadline
April 5, 2029
Financial Coaching/Homebuyer Education
Grow South Dakota
Amount
Varies
Deadline
Rolling (quarterly review)
Down Payment Assistance
Grow South Dakota
Amount
Varies
Deadline
Rolling (quarterly review)
Ready to apply for Business Loan Program?
Grantable helps you assess fit, draft narratives, and track deadlines — so you can submit stronger applications, faster.
You found Business Loan Program. Now let's win it.