Community Development Financial Institutions in South Dakota

Learn More about CDFI's and Small Business Resources in South Dakota see here

While the federal government does not provide grants for starting or growing small businesses, one of the mechanisms in place to promote small business growth and economic development is the Community Development Financial Institution Fund managed by the US Department of the Treasury.

Community Development Financial Institutions fall into four categories:

  • Community Development Loan Funds
  • Community Development Credit Unions
  • Community Development Banks - Including Thrifts and Holding Companies
  • Community Development Venture Capital Funds

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CDFI Map
blue icon Loan Fund | red icon Credit Union | green icon Bank or Thrift | purple icon Venture Capital Fund | white icon Depository Institution Holding Company
CDFI's in South Dakota





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Minority Business Enterprise Centers for Minority-Owned Businesses

The The Minority Business Development Agency has recently constituted the Minority Business Enterprise Centers (MBEC) Program wherein it aims to support minority-owned businesses by providing them with electronic and one-on-one business development services for a reasonably nominal fee.







Secondary Market Lending Authority Program

The Small Business Administration has constituted the Secondary Market Lending Authority program, one which aims to provide liquidity for the secondary market, thereby ultimately encouraging new lending opportunities from banks of Small Business Administration guaranteed loans.





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