GROW SOUTH DAKOTA logo

Business Loan Program

GROW SOUTH DAKOTA

Foundation Rolling (Quarterly) Small Business GrantsGrants for Startups

Funding Amount

$500 - $400,000

Deadline

Rolling / Open

Grant Type

foundation

Overview

Business Loan Program

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

1. Start the application process with the online application tool 2. Watch the "How to Video" for creating your online account 3. Complete the Business Loan Application form 4. 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

Focus Areas & Funding Uses

Fields of Work

small-businessesstartups

Categories

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