Agri-business
60
Agri-business
Community Loans
South Eastern Development Foundation
500 N. Western Avenue, Suite 100Sioux Falls, SD 57104USDetails
SEDF was created to stimulate economic development through the creation of a regional revolving loan (RLF) fund for residents of Clay, Lincoln, McCook, Minnehaha, Turner and Union counties. The RLF serves as a lending partner with banks and other financial institutions in the region. SEDF’s typical loans range from $20,000 - $150,000 with generally 3-5 jobs per loan. The loan from the REED Fund is for recapitalization of this loan fund.