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Northeast South Dakota Economic Corporation (NESDEC)
Northeast South Dakota Economic Corporation (NESDEC)
Amount
Varies
Deadline
Rolling
Odds
Not published
Effort
1 to 3 hrs
Can you get this?
✓Open to new and existing businesses
✓Funds inventory, equipment, or real estate purchases
✓Operates in South Dakota
✓Down payment assistance for rural SD homebuyers
Your real odds
GROW SD has funded 1,608 businesses totaling over $126M since inception, though no annual deal count is disclosed, so you cannot calculate a yearly acceptance rate.
Competition is regional rather than national, which works in your favor if you are based in rural South Dakota, and loan amounts and terms vary because GROW SD does not publish a standard schedule.
What it takes
Create account and complete application on portal1 to 3 hrs
Gather supporting documents1 to 2 days
Work with staff through review and coachingDays to week
Worth knowing
GROW SD pairs lending with free business coaching, and leaning into that resource before you apply gives you a better shot, particularly if your financial track record is short.
What else do you qualify for?
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