Regional Revolving Loans

GENERAL INFORMATION ON THE LOCAL LOAN FUNDS
There is a positive climate for entrepreneurs to obtain capital in Western South Dakota thanks to the loan programs administered by the West River Business Service Center. Loan programs are available for business start-ups or expansions at competitive rates. Eligibility for a loan is determined by the guidelines and requirements for each loan program. The West River Business Service Center staff can assist in determining which program is best suited for a project.

In addition to the loan programs, the West River Business Service Center offers free consulting for developing business plans, tapping into market research, and creating marketing strategies.

One loan program administered by the West River Business Service Center is described as follows:

WEST RIVER REVOLVING LOAN FUND
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.

West River Revolving Loan Application (PDF)
You will need the Adobe® Acrobat® Reader to view, navigate and print the loan application PDF files.

Or download the application as a Word document.

If you have any further questions or would like to know more about any of the loan programs contact us.