Areas Served: Western South Dakota
Initiated in 1999, this fund makes available up to $250,000 for a wide range of uses: feasibility studies, business start-up costs, purchase or development of land, infrastructure or the purchase of equipment.
The applicant must demonstrate repayment capability.
Loans are available in most western South Dakota counties, through the U.S. Department of Agriculture’s Rural Development funding.
Applicants must show at least 10 percent owner equity.
Collateral to secure the loan will be required in the form of land, buildings, equipment, or other assets.
The repayment period is generally no longer than 10 years.
Contact InformationWest River Business Service Center
Address: 525 University Loop
City: Rapid City
State: South Dakota
Website:
https://wrbsc.com/revolving-loan-fund/
Leave a Reply