Contact Info


For Small Businesses

The MicroLOAN South Dakota Loan Program is a program of the Governor's Office of Economic Development. These loans are made available to small businesses within the borders of South Dakota and South Dakota residents, including main street and retail operations, for working capital, equipment, real estate or other fixed asset project costs.
Some features of the program are:
  • 3% fixed rate interest.
  • Up to a 10 year term depending on loan size.
  • Takes a second collateral position behind lead lender if they are a bank or credit union.
  • Lead lenders can be banks, credit unions or other approved lenders, but the MicroLOAN is in a shared first collateral position when the lead lender is not a bank or credit union.
  • Loan amount from $1,000 to $100,000.
  • Project size up to $750,000.

MicroLOAN Express

The MicroLOAN Express operates in almost the same fashion as the MicroLOAN, but takes a shared first collateral position with the lead lender. Call for more details.


You may view and print the application as a PDF file using Adobe Reader. Please note that while you may type your information onto this application and then print it, once you leave the site the information will not be saved. If you do not currently have Adobe Reader, click on the Get Adobe Reader button below to download the program for free.

MicroLoan South Dakota Policy and Application (PDF)

More Information

For more information contact the GOED's Senior Loan Officer/Grant Administrator:
LaJena Gruis

Or contact the Business Development Representative in your area.