Areas Served: Deuel, Hamlin, and Kingsbury Counties
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.
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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