Small Business Loan Program

When small businesses need a loan for working capital, equipment, real estate or other fixed-asset project costs, the MicroLOAN South Dakota program is a great fit. This low-interest loan is available to South Dakota companies and residents and can finance amounts as little as $1,000 and as large as $100,000.

How it Works

Loans must be done in conjunction with lead lenders – which can be banks, credit unions or other approved lenders – but the MicroLOAN is in a shared first collateral position when the lead lender is not a bank or credit union. The MicroLOAN may take a second collateral position behind lead lender if they are a bank or credit union.


The MicroLOAN offers a 2% fixed-interest rate on up to a 10-year term. Loan amounts vary from $1,000 to $100,000 on projects sized up to $750,000.


South Dakota Governor’s Office of Economic Development

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