Revolving Economic Development & Initiative (REDI) Fund: This discretionary program offers low-interest loans of up to 45% of total project costs to assist business attraction and expansion projects. The REDI Fund provides permanent financing for the purchase of land and associated site improvements, construction, acquisition, renovations of buildings and equipment. In addition, the fund can be used to offset fees, services and other costs associated with construction.  Interest rates are 2%, and loans are amortized for up to 20 years on a building and 10 years on equipment, with a balloon payment due after 5 years. Companies should secure matching funds and be able to provide a 10% minimum equity contribution before applying.

South Dakota WORKS: Offers business/commercial loans to companies in need of working capital. Loans can be used to cover start-up costs, payroll, and construction. Loans are for 1-5 years, with a maximum loan of $1 million.

MicroLOAN: This discretionary program assists small businesses with their projects of less than $750,000. Loans can be used for permanent working capital, equipment or real estate financing .The maximum loan amount under this program is $100,000 for a period of up to 10 years, and carry a 3% interest rate.

Proof of Concept Fund:  Loan program providing up to $25,000 in advances for qualified applicants. Applicants must submit research highlighting the technical and economic likelihood of an innovation prior to commercialization. Three avenues within POC fund include research funding, market analysis funding and patent funding. Funds may not be used to pay salaries of researchers or project leaders, legal fees for incorporation and general business operating expenses. A 10% matching contribution is required.