Back to Grants
SD
Revolving Economic Development and Initiative (REDI) Fund (Professional Services)
Low-interest loan up to 45% of project costs for South Dakota professional services firms acquiring real estate, equipment, or constructing office facilities.
About this program
Visit the program website for full details.
Eligibility
Start-up and expanding professional services businesses in South Dakota. Requires 10% equity and shared first lien. Eligible for land, building construction/acquisition/renovation, and equipment.
Requirements
- Must be a South Dakota business or relocating to South Dakota
- Minimum 10% equity contribution required
- Shared first lien position on financed assets required