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SBA 504

Category: Business Incentives

The SBA 504 loan program offers subordinated, fixed rate financing to healthy and expanding small businesses. Long-term, fixed rate financing (10-20 years) and reasonable rates (near long-term U.S. Treasury bond rates), make the SBA 504 an attractive and effective economic development financing tool.

SBA 504:

  • Long-term, fixed-rate financing
  • Available to all for-profit businesses, including retail operations
  • As a Certified Development Corporation (CDC), the GOED offers 504 loans statewide
  • Loan amounts: $2 million; up to $5 million under public policy; or, $5.5 million for manufacturing or enery-related borrowers
  • Subordinate lien position to bank
  • Fixed asset purchases are eligible

Program requires interim/construction financing


LaJena Gruis
South Dakota Governor's Office of Economic Development
Loan Officer
Phone: (605) 773-GOED