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Rural Electric Economic Development, Inc.
Rural Electric Economic Development, Inc.
Amount
Varies
Deadline
Rolling
Odds
~15 loans/year
Effort
1 day
Can you get this?
✓Projects in rural South Dakota or Minnesota
✓Promotes growth, jobs, business, or wealth creation
✓Improves infrastructure, community facilities, or economic base
✓Co-financing with commercial or other lenders required
Your real odds
REED has originated $135M across roughly 417 loans since 1996, which works out to about 15 loans per year.
Recent loan sizes range from $135,000 to $900,000, and funding spans multiple sectors, so your real competition is whoever else is applying in your category.
What it takes
Confirm project is in REED's territory1 day
Request an application via website or phone1 to 2 days
Submit application with project and financing details1 to 2 wks
Worth knowing
REED typically co-lends alongside commercial banks and other economic development lenders, so walking in with a primary lender already engaged will strengthen your application.
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