South Eastern Development Foundation

500 N Western Avenue, Suite 100
Sioux Falls SD, 57104-2017


The South Eastern Development Foundation (SEDF) was created to stimulate economic development in southeastern South Dakota by filling the financing niche between existing state and community loan program levels and banks. The Foundation will provide affordable but sustainable financial services to at-risk populations such as low-income, unemployed, underemployed and dislocated workers whom lack the initial capital required to create or expand a business. In doing so, the Foundation expects to contribute to regional job creation and retention. Along with its loans, the Foundation will partner with other entities to assure that potential clients receive training and technical assistance critical for their success.

CDFI Awards for South Eastern Development Foundation


FA (2005) - $300,000

South Eastern Development Foundation will utilize its $300,000 financial assistance award to capitalize the organization"s economic development and housing revolving loan funds, enabling individuals to obtain financing to start or expand a business or purchase a home.



TA (2003) - $40,500

With this award, SEDF will be able to purchase loan management software, develop marketing materials, obtain critical staff training, and conduct its first audit.



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