Fund Your Business With an SBA 504 Loan

Frequently Asked Questions

At the South Dakota Development Corporation, we work hard to provide an easy process to procure an SBA 504 loan. Below are some of the more common questions we get. If you have any additional questions about the loans or services we offer, please don’t hesitate to contact us today.

The SDDC provides low interest, fixed-rate small business loans called SBA 504 loans. We provide 10, 20 or 25 year terms, so you can apply for the loan best suited for you.

Borrowers can apply for loans ranging from $100,000 to $5 million. If your project meets national objectives, you may be eligible for up to $5.5 million.

Loans are available for owner occupied commercial real estate and other fixed assets. For-profit businesses, including retail operations and approved franchises are eligible for the loans.

Scroll to Top