GRANT · HOW TO WIN THIS
Varies; no stated minimum or maximum.
Rolling applications — no set deadline.
FUNDING TYPE
CDFI, Loan
CAN YOU GET THIS?
YOUR REAL ODDS
GROW SD has funded 1,608 businesses totaling over $126M since inception, suggesting consistent volume but no annual count is disclosed.
As a CDFI focused on rural South Dakota, competition is regional and likely less intense than national programs, but loan amounts and terms vary and are not publicly specified.
WHAT IT TAKES
Create an online account and complete the Business Loan Application on the GROW SD portal — 1-3 hours
Gather supporting documents (financials, business plan, intended use of funds) — 1-2 days
Work with GROW SD staff through their review and coaching process — Days to weeks depending on complexity
WORTH KNOWING
GROW SD pairs business lending with free business coaching, which may strengthen your application and improve approval odds — especially for startups without a long financial track record.
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