South Dakota Development Corpo
Sioux Falls, SD 57104
SBA Certified Development CompanyStates Served
Top Industries Financed
- Hotels (except Casino Hotels) and Motels
- Full-Service Restaurants
- All Other Personal Services
- Offices of Dentists
- Supermarkets and Other Grocery (except Convenience) Stores
Quick Summary
South Dakota Development Corpo is an SBA-certified Certified Development Company (CDC) headquartered in Sioux Falls, South Dakota. Since 2010, they have approved 161 SBA 504 loans totaling $114.5M, with an average loan size of $711K. They serve businesses across 5 states.
About South Dakota Development Corpo
South Dakota Development Corpo is an SBA-certified Certified Development Company (CDC) headquartered in Sioux Falls, South Dakota. Since 2010, they have approved 161 SBA 504 loans totaling $114.5M, with an average loan size of $711K. They serve businesses across 5 states.
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Frequently Asked Questions
What does South Dakota Development Corpo do?
South Dakota Development Corpo is an SBA-certified Certified Development Company (CDC) based in Sioux Falls, South Dakota. CDCs partner with banks to deliver SBA 504 loans — a long-term, fixed-rate financing program for commercial real estate and equipment. South Dakota Development Corpo handles the SBA-backed 40% portion of the financing structure.
How many SBA 504 loans has South Dakota Development Corpo approved?
According to SBA FOIA public records, South Dakota Development Corpo has approved 161 SBA 504 loans totaling $114.5M since 2010. Their average loan size is $711K.
What states does South Dakota Development Corpo serve?
South Dakota Development Corpo serves businesses in 5 states: Iowa, Minnesota, Nebraska, South Dakota, Wisconsin.
How do I apply for an SBA 504 loan through South Dakota Development Corpo?
To apply for an SBA 504 loan through South Dakota Development Corpo, contact them using the form on this page. You'll also need to work with a participating bank for the 50% bank portion. Before applying, prepare 3 years of business tax returns, personal financial statements, a business plan, and details about the property or equipment you're financing. Most 504 loans require 2+ years in business and a FICO SBSS score of 155+.
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