South Eastern Development Foundation | South Eastern Council of Governments
500 N. Western Avenue, Suite 100, Sioux Falls, SD 57104
Eligibility
Hours
Application process
Call for information
Fees
Charged as a portion of the loan.
Service area
Clay County, SD
Lincoln County, SD
Mccook County, SD
Minnehaha County, SD
Turner County, SD
Union County, SD
Other Information
Age Group
Description
The South Eastern Development Foundation's Revolving Loan Fund has two components: the Housing Revolving Loan Fund and the Economic Development Revolving Loan Fund. The Housing Revolving Loan Fund provides construction financing to individuals, and for-profit and non-profit developers to construct a Governor's House. SEDF also partners with USDA Rural Development's on its 502 Home Loan Program. The purpose of this loan program is to provide financing at reasonable rates and terms with no down payment required, to low and very low income families that are unable to obtain conventional financing. This program is not available within the city limits of Sioux Falls. The Economic Development Revolving Loan Fund provides loans to individuals and businesses to start-up or expand a business. This program works in conjunction with local lending institutions.
Data provided by
HLC211 Helpline Center
Providing organization
South Eastern Council of Governments
Planning and development district that serves Clay, Lincoln, McCook, Minnehaha, Turner, and Union Counties as well as the municipalities within those counties.