GRANT · HOW TO WIN THIS
Varies; no stated minimum or maximum per loan.
Rolling applications — apply any time.
FUNDING TYPE
CDFI, Loan
CAN YOU GET THIS?
YOUR REAL ODDS
They have funded over 1,600 businesses totaling $126M+ since inception, suggesting consistent, active lending.
As a CDFI nonprofit focused on rural South Dakota, they are mission-driven to deploy capital rather than restrict it — but specific approval rates are not published.
WHAT IT TAKES
Review eligibility and loan uses on the Grow SD website — 1-2 hours
Create an online account and complete the business loan application — 2-4 hours
Work with Grow SD staff through review and approval — Varies
WORTH KNOWING
Grow SD pairs business lending with free business coaching, which may improve your application quality and loan outcome — worth engaging before or during the application process.
MORE LIKE THIS
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Afena Federal Credit Union
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The Bridgeway Federal Credit Union
Varies; specific loan amounts not published.
Small businesses and startups in Alabama can apply for loans on a rolling basis through this CDFI credit union.
$50B+ in available capital across grants, VC funds, CDFIs, and accelerators. Filter by your industry, stage, and region, and see everything you qualify for.
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