Business Loans

REED Fund’s business loans support business growth and development and contribute to employment and business ownership opportunities. The loans benefit retail, service, tourism, manufacturing, and technology sectors. REED also finances nonprofit development organizations for activities such as industrial parks, leasehold facilities. Financing to nonprofit development corporations receive a reduced interest rate.

All borrowers are encouraged to integrate energy efficiency in facilities and construction. Purchase of electricity from a REED member cooperative is NOT required to receive financing. For more information, check out Eligibility and Application, for qualifications and to obtain an application.

Aberdeen Development Corp, East Industrial Park

Category: Northern, Business, Cooperatives

In 1994, the Aberdeen Development Corporation purchased 160 acres to expand its industrial park with assistance from Northern Electric, who provided access to a 0% loan from USDA’s REDL&G program. It was completed in 1995 and is currently home to four businesses including the offices of the Aberdeen Development Corporation,...
Aberdeen Development Corp, Molded Fiberglass

Category: Northern, Business, Cooperatives

The Aberdeen Development Corporation is a private non-profit corporation with the mission of primary job creation. Developing the industrial and back-office economic base of Aberdeen and the region is their business. REED provided financing to assist with construction of a 319,500 sq ft building to be leased to Molded Fiber...
Alliance Midstream

Category: Agralite, Business, Cooperatives

Alliance Midstream receives loan through Agralite Electric Cooperative BENSON, Minn. — A critical, longtime propane delivery terminal at Benson will continue to operate thanks to a loan secured through Agralite Electric Cooperative. Alliance Midstream LLC, which was developed to keep the terminal operational, has received a $500,000 loan through...
Armour Electric Motor Repair, Inc

Category: Douglas, Business, Cooperatives

A loan from Douglas Electric assisted a new owner to purchase an existing business. The company provides general electrical and wiring services and rewinds motors.

Category: Northern, Cooperatives, Business

REED Fund Turns ‘A Dream’ Into Reality AutoMaxx of Aberdeen Open For Business With room for more than 250 vehicles, the large car lot at AutoMaxx just east of Aberdeen is something co-owner Kelly Krausz has been dreaming about. “It was a dream,” Krausz said. “I thought...
Best Western PLUS Lakeview Hotel

Category: Business, Sioux Valley Energy, Success Stories, Cooperatives

Madison, S.D. – Sioux Valley Energy has provided a loan to the new Best Western PLUS Lakeview Hotel in Madison through its Rural Electric Economic Development (REED) loan fund.  “We are proud to partner with the owners of Madison’s...
C9 Enterprises

Category: West River Electric, Business

C9 Enterprises Receives Loan from West River Electric’s REED Fund   C9 Enterprises was recently awarded financing in February of 2019 when West River Electric Association issued a Rural Electric Economic Development, or REED, loan to C9 to purchase a local restaurant, Red Rock Restaurant, in Wall, SD. ...
Clear Lake Building Center

Category: H-D Electric, Business, Cooperatives

Clear Lake Building and Rental Center is going through some exciting changes in 2016. The previous owners operated the business for 43 years and the business has been in the community for 50 years. The company's new owners, Daron and Dustin Kreger, are brothers who have worked at the business...
Countryside Manufacturing

Category: Bon Homme, Business, Cooperatives

Countryside Manufacturing makes etched wood clocks and mirrors for nationwide distribution through an established sales network. The project assisted with construction of a 48 X 70 addition to an existing building and purchase of computerized equipment for laser etching.
Crosby Road Construction

Category: Agralite, Business

REED Fund Helps Crosby Road Construction Expand APPLETON, MN, SD – Crosby Road Construction will be expanding once again this spring with the help of a Rural Economic Electric Development (REED) loan through Agralite Electric Cooperative.  Agralite was one of two lenders to the business to purchase more land...
Dakota Butcher

Category: Codington Clark Electric, Business, Cooperatives

Dakota Butcher, LLC is a locally-owned family business since 2009, originally based in Clark, SD.  They have recently expanded their operations with two additional locations in Watertown.  Not only is Dakota Butcher, LLC a full service meat locker that offers custom processing on beef, pork, lamb, buffalo and wild game,...
Dakota Butcher Expands Your Dinner Choices

Category: Agriculture, Codington Clark Electric, Business, Featured

Local shop enhances quality and increases supply with new smokehouse. It’s amazing what can happen when a business is able to streamline all of its production under one roof. The work is more efficient, challenges that arise are resolved more quickly and it means a higher quality product...
Dakota Style, Inc.

Category: Codington Clark Electric, Business, Cooperatives

Dakota Style began as a family business making kettle-style chips on a farm near Clark, SD (population 1,051) 29 years ago. It has grown into a national supplier of high quality salty snack foods with a product line featuring sunflower seeds (in shell and kernels) with innovative flavors, healthful options...

Category: Agralite, Business, Cooperatives

REED member Agralite Electric Cooperative, is proud to be a part of the financing package to construct a new home for Do Mats Family Food. The grocery store has been a family business in Benson, Minnesota, population 3,240, for nearly 45 years. Do Mats’ CEO is Matthew Mattheisen, son of...
First District Development Company Receives Loan from Codington-Clark Electric Cooperative’s REED Fund

Category: Codington Clark Electric, Business, Cooperatives

Watertown – First District Development Company (FDDC) received a loan from Codington-Clark Electric Cooperative’s loan fund, the REED Fund, to finance the construction of a new office building. FDDC is a private, non-profit organization that fosters growth in South Dakota by providing economic development financing options to small businesses...
Franklin Industries

Category: Renville-Sibley, Business, Cooperatives

The Cougar Cub Child Care and Franklin Community Center are opening their doors in Franklin, Minnesota with the help of a Rural Economic Electric Development (REED) loan through Renville-Sibley Cooperative Power Association.  Renville-Sibley Cooperative was one of three lenders to the daycare and community center. The project is the result...
Frederick Development Corporation Refueling Station

Category: Northern, Business, Community

Frederick Development Corp. receives $300,000 loan through Northern Electric Cooperative and the REED FundFREDERICK — The Frederick Development Corporation has constructed a unmanned refueling station in the northern Brown County community of Frederick thanks in part to loans from Northern Electric Cooperative’s Rural Electric Economic Development (REED) Fund, Northeast South...
Kieffer Repair & Sales

Category: Central, Business

Kieffer Repair & Sales Receives Funding WHITE LAKE, SD, October 1, 2020 – Kieffer Repair & Sales has a new building for their diesel repair and body shop business with the help of a Rural Economic Electric Development (REED) loan through Central Electric Cooperative.    Kieffer Repair & Sales, owned by Todd...
Lake Area Improvement Corp

Category: Sioux Valley Energy, Business, Cooperatives

Financing was used to construct the Heartland Technology Center in the Hueners Technology Park, Madison SD population 6,474. The Center has office space designed to meet the needs of business needing a high-tech setting and near nationally recognized Dakota State University to provide immediate access to some of the best...
Little Motel on the Prairie

Category: Kingsbury, Community, Business

“It’s salt of the earth people that come to visit De Smet. They can’t believe how it keeps its prairie ambiance,” says Cheney. “They think of it as a different world but people still come into town and can feel that friendliness as they walk up and down the street.”In...
Medgene Labs

Category: Sioux Valley Energy, Business

Sioux Valley Energy’s REED fund loans money to Medgene LabsColman, S.D. – Sioux Valley Energy provided a loan to Medgene Labs through its Rural Electric Economic Development (REED) loan fund to finance facility and equipment. Based in Brookings, South Dakota, Medgene Labs is an Immunological Services ProviderTM to leading livestock integrators. ...
Miss Becky's

Category: Renville-Sibley, Business, Cooperatives

A loan from the REED funds assisted the owner of the Smokey Hollow restaurant in Farifax, MN (population 1,235) to purchase a facility in Fairfax to expand her catering business and hold larger events. Longer range plans include food processing for resale at the same location.
MNY Group/Life Floor

Category: Sioux Valley Energy, Business, Cooperatives

Life Floor expands production Aquatic tile manufacturer increases output, creates jobs at Madison plant   MADISON, S.D. - When you think of South Dakota, you may not immediately think of swimming pools. But for the manufacturer of a slip-resistant tile installed largely around pools, South Dakota...
Northern Geo, LLC

Category: Agralite, Business, Cooperatives

Northern Geo was awarded financing when Agralite Electric issued a Rural Electric Economic Development, or REED, loan to Northern Geo for expansion of their heatpump manufacturing plant located in Appleton, MN.  Working closely with local banks, other loan funds, state and federal agencies to finance community and economic development...
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...
Northern Star Subways, Inc.

Category: Codington Clark Electric, Business, Cooperatives

REED financing assisted with remodeling existing Subway restaurants in Milbank, population 3,353, and Watertown, population 21,482. Upgraded equipment and new décor packages added to the customer friendly atmosphere in the restaurants. The firm also added two additional locations in Watertown.
Northside Properties, LLC

Category: Business, Lake Region

Northside Properties LLC Receives Loan from Lake Region Electric’s REED Fund   Northside Properties LLC was recently awarded financing when Lake Region Electric issued a Rural Electric Economic Development, or REED, loan to Northside Properties LLC for a building for retail businesses in Roslyn, SD.  Working closely...
Plagman's Grocery

Category: Kingsbury, Business, Cooperatives

Plagman’s Food Center and Hardware are separate storefronts in a single building. Both business were in aging buildings on the town’s Main Street and were relocated to a new facility on the intersection of US Highways 81 and 14 in Arlington, SD (population 915) for better visibility. The new building...
Riverfront Broadcasting

Category: Central, Business, Cooperatives

MITCHELL, SD, January 25, 2016 - Mitchell, S.D. – Central Electric Cooperative’s Rural Electric Economic Development (REED) Fund will help to spur economic development over the airwaves thanks to a recent economic development loan. The REED Fund recently closed a loan to Riverfront Broadcasting, LLC which has purchased two radio...
Rocky Ridge Hunting, Inc.

Category: Oahe, Business, Tourism, Cooperatives

Rocky Ridge Hunting, Inc. used financing to construct a new sporting clay course and a steakhouse located one mile off of Highway 14 near Harrold, SD. During the off-season, Rocky Ridge facilities can be used for family reunions, corporate retreats and meetings.
Ron's Equipment Painting

Category: Whetstone Valley, Business, Manufacturing, Manufacturing, Cooperatives

Ron’s Equipment Painting, based in Milbank SD population 3,536, constructed a larger facility to accommodate business expansion using REED financing. The company paints heavy equipment manufactured in Watertown, SD and also paints farm and other equipment. In addition to new paint booths and expanded work facilities, the business has a...
SDSU Growth Partnership: Fueling Economic Development

Category: Sioux Valley Energy, Business, Featured

Universities are unique environments. They serve as fertile ground to test innovative ideas. They cultivate creativity and talent. With the right resources and collaborations, academia can provide fuel for economic growth. Community, business and university leaders in Brookings, South Dakota formed a collaboration in 2004 to help harness...
Sunset Adventures, Inc

Category: Kingsbury, Business, Cooperatives

REED financing assisted construction of a 37-unit motel, including meeting rooms, indoor pool and exercise facilities. It provides accommodations in DeSmet SD, population 1,129, the town that claims Laura Ingalls Wilder as its favorite daughter.
The Bird's Nest, Inc.

Category: Sioux Valley Energy, Business, Cooperatives

The Bird's Nest, Inc. is a hunting lodge and pheasant guide business located near Winfred, SD, population 52. The Bird's Nest offers a unique private get-away less than an hour away from Sioux Falls, SD. With over 1300 acres of hunting ground ranging from milo to sorghum to CRP, shelterbelts,...
The Infrastructure to Attract Industry

Category: FEM Electric, Business

Industrial parks are a valuable recruitment tool. But acquiring a large property and establishing the requisite infrastructure to attract companies is a major undertaking, particularly for a rural area.   The people of Faulkton, South Dakota have long prioritized economic development. According to Trevor Cramer, economic development...
Tractors and Trucks, LLC

Category: Lake Region, Cooperatives, Business, Agriculture

WEBSTER, SD, September, 2016 – Lake Region Electric Association’s Rural Electric Economic Development (REED) Fund was recently utilized to help support local agriculture. It is exciting when a need exists in a community and a local business owner can raise the capital and meet the need. That ability is what...
Trav's Outfitter

Category: Codington Clark Electric, Business

Trav’s Outfitters Receives Loan from Codington-Clark Electric Cooperative’s REED Fund Watertown – Trav’s Outfitters, a locally-owned family business started in 2003, has recently expanded their operations to a new 28,000 square foot building on the NE side of Watertown on Highway 212. The REED Fund partnered with a local...

Category: Lake Region, Business, Manufacturing, Cooperatives

In business since 1978, Truss Pro’s, a wholesale manufacturer of roof and floor trusses for sale to lumber yard dealers in a five-state area, has grown from a small three person shop into a major rural success story in Britton, SD, population 1,241. REED financing assisted with expansion including a...
Tulare Country Meats

Category: Northern, Business, cooperatives

Tulare Country Meats is a retail and processing facility in Tulare, SD, population 207, that has done custom processing of domestic livestock and wild game and distributes its products through two retail locations, in Tulare and Huron, SD, employing 14 people. The owners recently sold the business to long time...
Vos/Pluto Legal

Category: Lyon-Lincoln, Business, Cooperatives

A REED loan assisted Pluto Legal’s move from a home base into an office facility. The company specializes in Estate Planning, Elder Law Planning, Wills, POS, HCD and Probate.
Watertown Development Company

Category: Codington Clark Electric, Business, Cooperatives

The Watertown Development Company was the recipient of a zero-interest $300,000 loan awarded by Codington Clark Electric to apply towards the spec building that has been constructed at Pheasant Ridge Industrial Park. The WDC Board was presented with the check during their regular board meeting held on Wednesday. This...
Webster Home Center

Category: Lake Region, Business, Cooperatives

The Webster Lumber & Home Center opened in August, 2008.  This business is a full scale lumber and home building supplies business for Webster and the surrounding area.  The REED Fund assisted with financing the construction of the building and purchasing inventory and fixtures to bring this needed business to...
Werkmeister Welding, LLC

Category: Douglas, Business, Cooperatives

Werkmeister Welding is a family owned business in its third generation of family leadership located near Armour, SD population 699. It was founded in 1982 and is a leading manufacturer of high quality cattle feeding equipment. REED financing assisted in the construction of a new building. The company also purchased...
Whetstone Creek Golf Course

Category: Whetstone Valley, Business

Whetstone Creek Golf Course Receives REED Fund Loan   The Whetstone Creek Golf Course was recently awarded financing on 7/29/2020 when Whetstone Valley Electric issued a Rural Electric Economic Development, or REED, loan to the golf course to install an irrigation system and make other improvements to the...