Southeastern Electric Loans

605 Sires, LLC

Category: Agriculture, Southeastern

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...
Northern Plains Lumber

Category: Southeastern, Business

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...
Prairie Heart Guest House, Inc.

Category: Southeastern, Healthcare, Cooperatives

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/Sunset Villas

Category: Southeastern, Healthcare, Cooperatives

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...