• Home
  • Community Development
  • Loan Programs
  • Resources
  • Staff
  • Contact Us
  • More
    • Home
    • Community Development
    • Loan Programs
    • Resources
    • Staff
    • Contact Us
  • Home
  • Community Development
  • Loan Programs
  • Resources
  • Staff
  • Contact Us

South Central Dakota Regional Council

South Central Dakota Regional CouncilSouth Central Dakota Regional CouncilSouth Central Dakota Regional Council

Serving Region VI

Serving Region VIServing Region VIServing Region VI

Loan Funds Programs

South Central Dakota Regional Council administers three economic development loan programs to assist in gap financing to start and grow businesses in the nine counties of Region VI. The application process includes submitting a loan appplication, cover letter, business plan and financials to the Regional Council for review by the staff and presentation to the Regional Council's Loan Review Committee. Business owners, entrepreneurs, economic developers, and/or bankers may contact SCDRC staff to obtain an application.


All three of our loan programs require: Location in the 9 county region; Matching lead lender; equity of 10% of total project cost including equity; first or second position on collateral and personal guarantee.

Community Development Loan Fund

Provides gap financing and equity investment for projects that will create or retain jobs for low to moderate income persons. 


  • Borrower: Primary, Retail, Service Sector Business
  • Minimum of $50,000
  • Maximum of $300,000
  • Up to 50% of the project
  • 1:1 Match
  • Job Development, 1 job per $35,000
  • Infrastructure Projects, 1 job per $10,000

EDA Revolving Loan Fund - New Microloan

Are your customers raving about you on social media? Share their great stories to help turn potential customers into loyal ones.


  • Borrower: Primary, Service, or Retail Sector Business
  • Maximum of $130,000
  • Up to 33% of the project
  • 2:1 Match
  • Job Development, 1 job per $10,000
  • Includes filing fees, legal fees, and 1% closing costs
  • Microloan does not need primary lender

USDA Internediary Relending Program

 

  • Borrower: Primary, Service or Retail Sector Business
  • Maximum of $150,000
  • Up to 50% of the project
  • 1:1 Match
  • Job Development
  • Includes 2% closing costs

Downloads

2019 Loan Application (pdf)

Download

Copyright © 2022 South Central Dakota Regional Council - All Rights Reserved.


Powered by GoDaddy