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SD
REED Fund Business Loans through Elevate Rapid City
Rural Electric Economic Development loan capital for business, job, and infrastructure growth in western South Dakota.
About this program
Elevate Rapid City lists Rural Electric Economic Development loan funding among its incentive resources. REED financing assists projects that promote growth and contribute to job, business, and infrastructure improvements in rural electric cooperative service areas.
Eligibility
Eligible businesses and community projects in qualifying electric cooperative service areas with job, business, or infrastructure improvement impact.
Requirements
- Coordinate with Elevate Rapid City or the relevant electric cooperative
- Provide project budget, borrower financials, community impact, collateral, and use-of-funds information
- Meet REED underwriting, repayment, and eligible project requirements