COVID-19: Small Business Administration's Economic Injury Disaster Loan funds now available in South Dakota. Learn More
The Loan Participation Program is intended to supplement existing credit, not supplant it. Thus, loans will be administered and serviced through local lenders. Participation loans are eligible costs; including land needed for the project; buildings and improvements; and machinery/equipment.
The program participates with banks and borrowers to assist financing capital expenses associated with value-added production, or processing projects. The program can lend up to 80% of the total loan up to $500,000.
Facility, equipment in facility and land needed for the project
4.5% fixed (3.5% fixed for small/beginning farmers); Up to 10 year term based on collateral
Sign up for our newsletter and stay up-to-date on the latest news, rankings, and information on economic development in South Dakota.