Intermediary Re-lending Program (IRP) Loan Fund
Funding Amount
Not stated
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 and expanding businesses
- Minimum loan amount required
- Must work with a local bank partner
- Application and approval required
Overview
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:
- 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
- Contact the ADC to request the application materials and more information
- Complete the IRP Loan Fund application
- Work with a local bank partner as part of the loan partnership
- 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
What Aberdeen Development Corporation actually gave
Source: IRS Form 990 filing, 2024
- Grants in 2024
- 1
- Total given
- $10K
- Median grant
- $10K
- By dollars: South Dakota 100%. Top recipient cities: Aberdeen, SD.
Example grants
Minds Matter PLLC · Aberdeen, SD
Economic development
$10K
Focus Areas & Funding Uses
Fields of Work
- Small businesses
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