Contact Fran White about these loans that benefit both businesses and local lending institutions. Black Hills Community Economic Development has put this financing to work since 1982, closing loans for more than 100 businesses. Our loan territory is all of South Dakota, plus five counties in northwestern Nebraska and three counties in northeastern Wyoming.
These are fixed-asset, fixed-interest loans. Typically a borrower comes up with just 10 to 20 percent of project costs, and repayment is spread across 20 years. Fran is committed to getting business people through the application process without feeling they are buried in paper work. She works with the Small Business Development Center to help applicants prepare strong business plans. In 2006, Black Hills Community Economic Development earned credentials for the Accredited Lender’s Program, meaning faster loan approval and closing for applicants.