South Dakota’s Small Business Loan Partner
First District Development Company is a Certified Development Company originating SBA 504 loans and other funding options for small businesses across South Dakota. Committed to job growth in our state, we offer financing available at terms that benefit borrowers and lenders.
Current SBA 504 Rates
|10 Year||20 Year||25 Year|
|September 2020||October 2020||October 2020|
Historical Rates 10 year 20 year 25 year
Affordable Financing For Your Small Business
SBA 504 Loans are designed to fuel small businesses generating new jobs by making financing affordable. Loans are available at a low, fixed rate for terms of 10, 20 or 25 years and require down payments of just 10-20%.
Attractive Terms that Work for You and Your Customers
An SBA 504 Loan provides your customer with a long term, low fixed-rate funding option. With a loan-to-value of 50% or less, your collateral risk is reduced and your lending institution retains the first lien position.
Our Service Area & Programs
Revolving Loan Funds
Small Business Funding Options Versatile Enough
For Your Project
If your financing needs don’t fit the requirements of an SBA 504 loan we have additional options through our Revolving Loan Funds. Each program offers competitive rates to small businesses fueling economic development in South Dakota. While the SBA 504 loan is limited to fixed assets and construction costs, RLF programs can include inventory and working capital financing. Give us a call and we’ll be happy to discuss your goals to determine which small business financing option fits the bill.
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