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Intermediary Re-lending Program (IRP) Loan Fund

Aberdeen Development Corporation

Foundation Rolling (Quarterly) Small Business Grants

Funding Amount

Varies

Deadline

Rolling / Open

Grant Type

foundation

Overview

Intermediary Re-lending Program (IRP) Loan Fund

Funder: Aberdeen Development Corporation (ADC)

Geographic Scope: Aberdeen, South Dakota, US

Program Description:
The ADC's Intermediary Re-lending Program (IRP) Loan Fund allows local businesses to work in partnership with the ADC and a local bank to obtain a low interest business loan.

Eligibility:

  • New and expanding businesses

  • Minimum loan amount required

  • Must work with a local bank partner

  • Application and approval required
  • Key Details:

  • Program established in 2009

  • Low interest rates

  • Requires partnership between business, ADC, and local bank
  • Contact Information:

  • Director: Rich Ward, Director of Business Retention and Recruitment

  • Phone: (605) 229-5335

  • Email: richward@adcsd.com

  • Address: 506 S Main St, Suite 2, Aberdeen, SD 57401
  • Accessibility:
    The ADC is an equal opportunity provider, lender, and employer. Persons requiring special accommodations under the Americans with Disability Act or translation services should contact Rich Ward at least two working days in advance.

    How to Apply

    Application Process

    1. Contact the ADC to request the application materials and more information
    2. Complete the IRP Loan Fund application
    3. Work with a local bank partner as part of the loan partnership
    4. Submit application for approval

    Required Elements:

  • Minimum loan amount (specific amount not specified in materials)

  • Bank partnership documentation

  • Standard business loan application materials
  • Contact for Application:

  • Rich Ward: (605) 229-5335 or richward@adcsd.com
  • Focus Areas & Funding Uses

    Fields of Work

    small-businesses

    Categories

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