The South Dakota Development Corporation was created for you and South Dakota. Former Governor Bill Janklow saw enormous potential for both small businesses and primary lenders in South Dakota through the Small Business Administration 504 program. Recognizing the federal program was underused, he worked with the private sector to help form the SDDC.
From there, we became certified under the Small Business Administration as a Certified Development Company. Today our Board of Directors works with dedicated staff to give small businesses the tools and funding they need to be successful. Eligible businesses may borrow anywhere from $100,000 to $5.5 million through the SDDC. With low interest, fixed-rate loans, the SBA 504 program is exactly what you need to reach your business goals.