Areas Served: Deuel, Hamlin and Kingsbury County
These revolving loan funds were established in the mid 1990’s by Community Development Block Grants, which were loaned to a business in each of the respective counties.
As these loans were paid back, each county established a revolving loan fund, which the FDDC now manages.
The original loan amounts were $60,000 in Deuel County, $250,000 in Hamlin County, and $100,000 in Kingsbury County in South Dakota.
The criteria and terms for these loan funds are very similar to those of the First District’s RLF.
Contact InformationFirst District Association of Local Governments
Address: 124 1st Avenue NW
City: Watertown
State: South Dakota
Website:
http://www.1stdistrict.org
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