Our Office

  • Phone: (605) 882-5115
  • Fax: (605) 882-5049
  • Email:
  • Physical Address:
    418 18th Avenue NE, Watertown, SD
  • Mailing Address:
    PO Box 1207, Watertown, SD 57201
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Meet our Team

Amy Waite

Amy Waite

Executive Vice President
Amy has been with FDDC since September 2004. Before FDDC, Amy worked in accounting for small businesses. She has a Bachelor of Science degree in Business Administration from Mount Marty College, Watertown, SD.

Kate DeBoer

Loan Officer
Previously, Kate worked for FDDC from 2009 to 2018, and has rejoined the FDDC team! In addition to being a Loan Officer for FDDC, Kate’s professional background includes working as an executive administrative assistant and as a paralegal at a law office. Kate has a Bachelor of Science degree in International Business and a Master of Business Administration.

Michelle Redfield

Assistant Loan Officer
Michelle joined the FDDC team in November 2023. Prior to FDDC, Michelle’s professional background included working as a legal secretary and assistant in a law office, an office manager, and in the field of medical transcription. Michelle attended Alexandria Technical College and St. Cloud Technical College – earning certifications as an Office Assistant and Medical Secretary.

About FDDC

First District Development Company (FDDC) is a non-profit corporation promoting economic development and job creation in Eastern South Dakota. Established in 1983 as a Certified Development Company, First District Development Company is licensed by the Small Business Administration to offer the SBA 504 Loan. Under this program, FDDC provides long-term financing to small businesses for real estate acquisition, construction, and equipment purchases. FDDC originates, packages, processes, closes, and services the 504 loans.

Since 1983, First District Development Company has loaned over $150 million in SBA 504 financing to nearly 400 new or expanding businesses resulting in the creation of over 2,600 jobs. Types of SBA 504 projects previously financed through FDDC include: motels, convenience stores, assisted living centers, auto dealerships, restaurants, gymnastics studios, manufacturing concerns, dairy operations, veterinary clinics, photography studios, wholesale food concerns, and chiropractic clinics, among others.

First District Development Company also encourages economic growth and business development through Intermediary Relending Programs, Revolving Loan Funds and County Revolving Loan Funds in an eleven county area in Eastern South Dakota. This institution is an equal opportunity provider.