605 Sires Receives Loan from Southeastern Electric’s REED Fund
605 Sires, LLC has expanded their family owned full-service bull collection and donor facility and was recently awarded financing when Southeastern Electric’s loan fund, the REED Fund assisted with the expansion.
605 Sires opened in 2017 and...
REED Fund Helps Lumber Company Thrive in Rural South Dakota
As experienced lumber industry professionals, Tim Doyle and Carl Serck saw an opportunity to invest in a local lumberyard, both as a business venture and a chance to save a community. But they knew they needed assistance.
“The...
The GuestHouse is a 20 unit motel-like structure connected to the Heart Hospital of South Dakota. The purpose of the non-profit project is to offer reasonably priced, to free, accommodations to patients and families of patients of the hospital and adjacent North Central Heart Clinic. The facility features comfortable common...
Sunset Manor received a 0% loan from Southeastern Electric using USDA’s REDL&G program to assist with construction of an assisted living facility and medical clinic in Irene, SD, population 420. The facility has eight (one and two bedroom) apartments and a common dining room. The Manor operates the facility. The...
Who We've Helped
Broadband-2023
1
Broadband Cooperative
Education-2023
25
Education
(schools, distance learning, technology; including 5 childcare centers)
Agronomy-2023
20
Grain Handling/Agronomy Firms
(17 are producer owned, $467 million capital Investment)
Ag Processing-2023
27
Ag Processing Businesses
(16 producer-owned, $331 million capital investment)
Ag retail-2023
13
Agriculture Retail/Service Businesses
Tourism-2023
22
Tourism Related Businesses
Retail and service-2023
58
Retail and Service Businesses
Manufacturing-2023
29
Manufacturing Firms
(plant and/or equipment)
Recreation-2023
18
Recreation and arts facilities, non-profit, including community centers
Local-2023
9
Partner Regional and Local Loan Funds
Infrastructure-2023
21
Community Infrastructure Projects
(water, wastewater, streets, emergency)
Industrial parks-2023
43
Industrial Parks
(Office facilities or industrial buildings for lease or sale, all non-profit owners)
Housing-2023
26
Housing projects
(4 site development, 12 elderly and assisted living, 6 multi-family rental properties, 2 housing loan funds, 3 single family homes)