2024 Governor's Conference on Economic Development
South Dakota Works is a flexible loan program that offers business and commercial loans to companies in need of working capital, fixed assets, and interim construction financing. The Works program typically targets loans less than $1 million of a project in a subordinated lien position and requires a lead lender to participate. Eligible uses include building construction, equipment purchases, real estate financing, and working capital.
For additional information and to learn more about this recently expanded program, contact a business development representative at (605) 773-4633 or email@example.com.
The borrower works with a participating lender to secure matching funds to be used in conjunction with a South Dakota Works loan.
South Dakota Works may be used for business purposes, including start-up costs, working capital, inventory, and interim construction loans.
Ineligible uses of funds include: