About this programme
The REDI Fund (Revolving Economic Development and Initiative Fund) is South Dakota's flagship financing tool, managed by the Governor's Office of Economic Development (GOED). It is a low-interest loan that can be structured around a project's total cost.
It is open to start-up companies, businesses expanding or relocating to South Dakota, and local economic development corporations, and it finances a wide range of business needs tied to a physical project.
How it works
The loan can cover land purchases, site improvements, construction, acquisition or renovation of buildings, and the purchase and installation of machinery and equipment.
The current base interest rate is 3%. Borrowers must contribute a minimum of 10% equity to the project, and GOED takes a shared first lien position on the financed assets alongside other lenders.
Who can apply
Start-up companies, businesses expanding or relocating to South Dakota, or local economic development corporations.
How to apply
- Complete the GOED Loan Application, available as a PDF or Word document from the program page.
- Submit the application to the South Dakota Governor's Office of Economic Development.
Documents you’ll typically need
- GOED Loan Application (PDF or Word)
Frequently asked
What is the interest rate on a REDI Fund loan?
The current base rate is 3%.
How much equity do I need to put in?
A minimum equity contribution of 10% of the project.
What can the loan be used for?
Land purchases, site improvements, building construction, acquisition or renovation, and machinery and equipment purchase and installation.
Who is eligible?
Start-up companies, businesses expanding or relocating to South Dakota, and local economic development corporations.
What position does GOED take on the financed assets?
A shared first lien position.
More funding in South Dakota
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Up to $25,000 to test whether an innovation is technically and economically feasible before commercializing it in South Dakota.
South Dakota Works
South Dakota Governor's Office of Economic Development (GOED) · South Dakota
A 3%-rate gap loan covering up to 20% of project costs for South Dakota businesses, matched by a participating lender.
Value Added Sub Fund (VASF)
South Dakota Governor's Office of Economic Development (GOED) · South Dakota
0%-interest loans for feasibility and marketing studies behind new agricultural development projects in South Dakota.
All 5 programmes in South Dakota →
Reviewed 2026-09-25. Programmes change, so check eligibility, amounts and deadlines on the official page before you apply. CapEasy is a private firm and is not part of any government body.