South Dakota WORKS is the newest financing program in the Governor’s Office of Economic Development (GOED). The federally funded program, launched in October of 2011, provides South Dakota small businesses with working capital funds.
South Dakota WORKS funding can only be used for business and commercial loans. The program requires a minimum loan amount of $20,000 that must be used as new financing. The program offers a fixed interest rate based on a maximum term of five years. For additional information on South Dakota WORKS, click here or contact your local lending agency.