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This is a loan program, not a grant: money must be repaid, and approval depends on the lender's and agency's credit review.
Ongoing program · Loan
South Dakota Works (business loans)
South Dakota Governor's Office of Economic Development, State of South Dakota
Key facts
Copied word-for-word from the official South Dakota state agency page. Last verified October 28, 2026.
Program name
South Dakota Works (business loans)
Issuing agency
South Dakota Governor's Office of Economic Development (State of South Dakota)
Funding type
Loan
Funding purpose
Business and Commerce
Status
Ongoing program
Application deadline
Ongoing program · no application deadline published
Published loan amount
Not stated on the official South Dakota state agency page
Eligible applicants (our reading of the official page)
Nonprofits having a 501(c)(3) status with the IRS, other than institutions of higher education
Nonprofits that do not have a 501(c)(3) status with the IRS, other than institutions of higher education
For profit organizations other than small businesses
Small businesses
Relevant to
Businesses and NonprofitsHow we determined this: Derived from the eligibility statement on the official page (business, small business, farm ranch, nonprofit).
Geographic restrictions
This is a South Dakota state program. Check the official page for location requirements.
For additional information and to learn more about this recently expanded program, contact a business development representative at (605) 773-4633 or [email protected].
Source
sdgoed.com/program/south-dakota-works/
Last verified
October 28, 2026 (against the official South Dakota state agency page)
Record confidence
highCurated from the official agency page; reviewed by an editor.
Description (from the official program page)
South Dakota Works is a flexible loan program that offers business and commercial loans to companies in need of working capital, fixed assets, and interim construction financing. The Works program is a true gap financing tool that target 20% of eligible costs on a project’s need for financing. The SD Works loan can be in a subordinated lien position to the lead lender’s financing.
