← Back to the funding database

CDFI, Loan

CDFI, Loan

North America

North America

OPEN

OPEN

GRANT · HOW TO WIN THIS

Rural Electric Economic Development, Inc.

Rural Electric Economic Development, Inc.

Varies; recent loans range from ~$135,000 to $900,000.

·

Rolling — no set deadline, apply anytime.

AMOUNT

Varies; recent loans range from ~$135,000 to $900,000.

AMOUNT

Varies; recent loans range from ~$135,000 to $900,000.

DEADLINE

Rolling — no set deadline, apply anytime.

DEADLINE

Rolling — no set deadline, apply anytime.

FUNDING TYPE

CDFI, Loan

CAN YOU GET THIS?

You need to be a business or community project in rural South Dakota or Minnesota.

You need to be a business or community project in rural South Dakota or Minnesota.

REED serves businesses, agri-businesses, healthcare, and community projects in their defined rural territory. They partner with commercial and other economic development lenders, so they often co-finance rather than fund alone.

REED serves businesses, agri-businesses, healthcare, and community projects in their defined rural territory. They partner with commercial and other economic development lenders, so they often co-finance rather than fund alone.

YOUR REAL ODDS

REED has originated $135M across roughly 417 loans since 1996, averaging around 15 loans per year.

Loan sizes in recent examples range from $135,000 to $900,000. They fund across multiple sectors, so competition depends on what category you fall into.

WHAT IT TAKES

  1. Confirm your project is in REED's territory (rural SD or MN) — 1 day

  2. Request an application via their website or by calling 605-256-4536 — 1-2 days

  3. Submit application with project and financing details — 1-2 weeks

WORTH KNOWING

REED typically co-lends alongside commercial banks and other economic development lenders, so having a primary lender already engaged may strengthen your application.

Apply on the funder’s site →

MORE LIKE THIS

Community 1st Credit Union

Varies; loan terms depend on business type and credit profile.

Iowa-based small businesses and startups can apply for business loans through this CDFI credit union on a rolling basis.

Afena Federal Credit Union

Varies; personal and business loans from $200 up to undisclosed amounts depending on product.

Small businesses and startups in Indiana can access loans through this CDFI credit union, with no stated identity restrictions.

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.

This is 1 of 1,600+ open opportunities.

This is 1 of 1,600+ open opportunities.

$50B+ in available capital across grants, VC funds, CDFIs, and accelerators. Filter by your industry, stage, and region, and see everything you qualify for.

Explore the funding database →

$19/month · cancel anytime