Foundation Business Loan Program

Foundation Business Loan Program is sponsored by Grow South Dakota. Provides business loans to support economic growth in South Dakota.

Building Stronger Communities Across South Dakota GROW South Dakota is a statewide non-profit organization that provides programs and loan products to advance housing, community, and economic development, as these are the foundation for stronger families and stronger communities.

GROW South Dakota helps you take the next step with homeownership, business start-up or expansion, financial guidance, and programs designed to make your dreams possible.

Housing, Community and Economic Development Through Housing, Small Business, and Community Development GROW South Dakota combines practical housing solutions, accessible small business support, and targeted community investments to strengthen rural areas across the state. We partner with residents, entrepreneurs, and local leaders to deliver real-world pathways to homeownership, business startup growth, and economic resilience.

Our approach emphasizes clear steps, measurable outcomes, and services that connect housing stability to business success and long-term opportunity. This is about practical progress you can see in your community—jobs, affordable housing, stronger neighborhoods that support families today and into the future.

Making an Impact Across South Dakota GROW South Dakota works alongside individuals, families, and communities to create real, measurable progress. From expanding housing access to supporting small businesses and strengthening local economies, these results reflect the impact happening every day across the state.

Through loans made to businesses throughout the state since inception Total Businesses Funded, $126M+ Helping entrepreneurs start, grow, and sustain operations statewide Funding to Improve Households Delivered through home repair and energy efficiency programs Loans made for Homeownership, $26.

4M+ Total loans made to support homeownership to individuals & families Individuals | 1000 hours + 2025 Digital Literacy training delivered across 22 communities in SD GROW SD 2025 Annual Report Program Satisfaction Rate Participants say GROW SD programs improve lives GROW SD 2025 Needs Assessment Can Your Business Benefit From Personalized Coaching and Financial Assistance?

For over four decades, GROW SD has been on a mission to support entrepreneurs across South Dakota in a variety of ways, including: Free and confidential financial coaching with our team of friendly, down to earth...

Akiptan & GROW South Dakota each receive a grant from Federal Home Loan Bank of Des Moines and Wells Fargo through the Member Impact Fund Grant program supports affordable housing and community development initiatives(Aberdeen, SD) (August 27, 2026)– Akiptan and GROW South Dakota are proud to announce that Wells Fargo and the Federal Home Loan Bank of Des Moines (FHLB...

A Fresh Start for Rebecca After hearing what a traditional lender would require for a down payment, Rebecca's brother suggested she contact GROW South Dakota to explore other options. For six years following a difficult divorce, Rebecca worked hard to rebuild... Business Loan Application Start the application process with the online application tool.

Watch our "How to Video" for creating your online account. Affordable business financing is available to both new and existing businesses to purchase inventory, equipment, or real estate. GROW...

Down Payment Assistance Down Payment Assistance is available for potential homeowners purchasing in a rural area of SD. Eligibility requirements and income guidelines apply. Contact us for more information, or apply online.

Emergency Furnace Repair Applicants in owner-occupied homes and that are eligible participants of the South Dakota Low Income Energy Assistance Program (energy assistance) may qualify to have their furnaces repaired or replaced if the furnace is not operating...

Emergency Assistance Options GROW SD's Emergency Assistance Program is for individuals and families to help with past-due rent, utilities, and other minor expenses, depending on the funding available. FUNDING IS LIMITED and may not always be available in all of our counties...

Home Mortgage Loans GROW South Dakota's direct loan program helps individuals and families make their dream of homeownership a reality with financing for a home purchase. Our experienced staff will be with you every step of the way. ...

Weatherization Application Click here to apply for the homeowner Weatherization Assistance Program. Click here to apply for the renter Weatherization Assistance Program. Weatherization is a service to assist individuals in providing energy-efficient measures in their homes.

A GROW South...