At a glance
From its website, read 2 Nov 2026Grow South Dakota is a loan fund based in Sisseton, South Dakota. Its website describes home mortgages and small-business loans. Where it lends: Statewide across South Dakota. You can start an application online.
Each point is backed by a quote further down this page. Terms change: confirm with the lender.
How to reach them and apply
| info@growsd.org source | |
| Apply online | Page with the application link |
| Website | www.growsd.org |
| Office (official list) | 104 Ash Street East, Sisseton, SD 57262 |
What their website says about applying
Apply online.Affordable business financing is available to both new and existing businesses to purchase inventory, equipment, or real estate.
sourceDown Payment Assistance is available for potential homeowners purchasing in a rural area of SD. Eligibility requirements and income guidelines apply. Contact us for more information, or apply online.
source
Phone numbers and addresses are the ones on the lender's own site and the CDFI Fund list. CDFI Atlas does not take applications.
Official record
CDFI Fund list, 21 Oct 2026| Institution type | Loan fund |
|---|---|
| Native CDFI | No |
| Date certified (as listed) | 19 Oct 2026 |
| RSSD ID | — (none listed) |
| Address | 104 Ash Street East, Sisseton, SD 57262 Directions (Google Maps) |
| Website | www.growsd.org |
Head officeBranch or officeApproximate (ZIP code area)
Map data © OpenStreetMap contributors, © OpenMapTiles, tiles OpenFreeMap. Head-office points: U.S. Census Bureau geocoder.
Loans and eligibility
Verified from lender site on 2 Nov 2026Read from 7 pages of the lender's website on 2 Nov 2026. Quotes are verbatim. Extracted with AI help from the pages listed below and checked automatically against them. Not reviewed by a person. Confidence: medium. No loan amounts are stated on the pages fetched, and the mortgage and business loan detail pages were not fetched. Terms change — confirm with the lender before applying.
| Product | Amount stated | Text on the lender's site (verbatim, incl. menu labels) | Page |
|---|---|---|---|
| Home mortgages | — | GROW South Dakota's direct loan program helps individuals and families make their dream of homeownership a reality with financing for a home purchase. | source |
| Small-business loans | — | Affordable business financing is available to both new and existing businesses to purchase inventory, equipment, or real estate. | source |
Loan sizes
No amounts stated on the pages we read.
Service area
Statewide across South Dakota
GROW South Dakota is a statewide non-profit organization that provides programs and loan products
source
Statewide: South Dakota
Borrower focus
- Not stated on the pages we read.
Languages
- No non-English service found on the pages we read.
Online application
Yes — the site links to an application. Apply online.
source
Pages read (7)
- https://www.growsd.org/
- https://www.growsd.org/business-lending/business-lending/p/item/1891/emergency-services
- https://www.growsd.org/business-lending/business-lending/p/item/1895/school-projects
- https://www.growsd.org/business-lending/business-lending/p/item/2674/digital-literacy
- https://www.growsd.org/business-lending/business-lending/p/item/1893/resourcesreferrals
- https://www.growsd.org/business-lending/business-lending/p/item/1886/governors-house-program
- https://www.growsd.org/business-lending/business-lending/p/item/2065/emergency-furnace-repair
Questions to ask when you contact them
Based on what their website said when we read it on 2 Nov 2026, and what it left out. Something missing here does not mean they don't offer it: ask.
- What are the smallest and the largest loans you make?
No loan amounts are stated on their website. - What is the APR, including fees, on your home mortgages?
Their website does not state an APR. The APR includes fees, so it is the number to compare. - What interest rate and fees should I expect on your small-business loans?
Their website does not state a rate for this. - Is there a minimum credit score, and do you consider borrowers with little or no credit history?
Their website does not say what credit history they accept. - Do you need collateral, a business plan or a minimum time in business?
Their website does not say what they require. - How long can I take to repay?
No repayment terms are stated on their website. - What documents will you need from me, and how long does a decision usually take?
Their website describes some application steps (above); ask for the full document list.
Write down the answers, who you spoke to and the date, and ask for the terms in writing before you sign.
CDFI Fund awards
CDFI Fund database, 3 Nov 2026$11.1 million in 12 awards from the U.S. Treasury's CDFI Fund, 2009–2024 (4 programs).
| Round year | Program | Amount |
|---|---|---|
| 2024 | CDFI Program, Financial Assistance | $900,000 |
| 2022 | CDFI Program, Financial Assistance | $660,000 |
| 2021 | CDFI Rapid Response Program | $1,826,265 |
| 2021 | Capital Magnet Fund | $1,000,000 |
| 2020 | Capital Magnet Fund | $750,000 |
| 2019 | CDFI Program, Financial Assistance | $714,000 |
| 2018 | CDFI Program, Financial Assistance | $950,000 |
| 2018 | Capital Magnet Fund | $2,000,000 |
| 2016 | CDFI Program, Financial Assistance | $1,000,000 |
| 2016 | Capital Magnet Fund | $500,000 |
| 2014 | CDFI Program, Financial Assistance | $700,000 |
| 2009 | CDFI Program, Technical Assistance | $95,932 |
These are awards and investments made to the institution itself to build its capital and capacity. They are not loans to borrowers, and an award does not mean the lender has money available for a particular loan today.
Source: CDFI Fund Searchable Awards Database, all 12,628 award records (1996–2025), read 3 Nov 2026. Years are the award round as the database lists it. Matched to the official CDFI list by exact name and state; see the method on the About page.
Size of the fund (IRS Form 990)
Fiscal year ending Jun 2024| Total assets | $81.6M |
|---|---|
| Total liabilities | $74M |
| Net assets | $7.7M |
| Total revenue | $10M |
| Notes and loans receivable, net (Part X line 7) | $23.9M |
End-of-year figures from the Form 990 this organisation filed with the IRS for the fiscal year ending June 2024 (tax year 2023; EIN 56-2667948, filed as “GROW SOUTH DAKOTA”), taken from the IRS Annual Extract of Tax-Exempt Organization Financial Data (returns processed in 2024). Figures are self-reported to the IRS, not audited by us, and lag one to two years behind today. The lender’s own annual report may show newer numbers. This organisation’s filings on ProPublica Nonprofit Explorer
Filings over time
| Fiscal year ending | Total assets | Net assets | Revenue | Notes and loans receivable |
|---|---|---|---|---|
| Jun 2022 (990) | $70.2M | $14.5M | $6.2M | $13.9M |
| Jun 2023 (990) | $56.9M | $569,632 | $3.1M | $15.6M |
| Jun 2024 (990) | $81.6M | $7.7M | $10M | $23.9M |
Total assets grew 16% from Jun 2022 to Jun 2024; notes and loans receivable rose 71%. One row per fiscal year in the IRS extracts of returns processed in 2022, 2023, 2024; “—” = the line was empty or zero on that return (a fund can book its loans on other lines).
How it compares
Computed from public data| Measure | This lender | Compared with |
|---|---|---|
| Total assets, latest IRS Form 990 | $81.6M | Larger than 100% of the 7 other certified loan funds and venture funds in South Dakota with a matched Form 990 (median $26.9M). |
How these comparisons were worked out
| Measure | Peer group (this lender left out) | Peers | Where this lender sits |
|---|---|---|---|
| Form 990 total assets | certified loan and venture funds with a Form 990, in South Dakota | 7 | larger than 100% |
“Larger than X%” = the share of the peer group with a smaller value. Ranks count from the largest. Peer groups use the lender's home state when it has at least 5 peers, otherwise the whole country. Full definitions: methodology.
For comparison, not an offer and not a rating. Past records show what this lender did, not what you would be offered. Peer groups and sources: methodology. Form 990 figures: IRS annual extracts (see the Form 990 section).
Other certified CDFIs in Sisseton and South Dakota
- Coteau Valley Federal Credit UnionCredit union · Sisseton, SDAuto / vehicle loans, Home mortgages, Personal / consumer loansVerified
- Akiptan, Inc.Loan fund · Eagle Butte, SD · Native CDFIAgriculture / farm loansVerified
- Dakota ResourcesLoan fund · Renner, SDMicroloans, Nonprofit / community facility loansVerified
- Fort Randall Federal Credit UnionCredit union · Wagner, SDAgriculture / farm loans, Auto / vehicle loans, Credit-builder loans, Equipment loans…Verified
- Four Bands Community Fund, IncorporatedLoan fund · Eagle Butte, SD · Native CDFIAgriculture / farm loans, Credit-builder loans, Home repair / improvement loans, Microloans…Verified
- Lakota Fund, Inc., TheLoan fund · Kyle, SD · Native CDFIAgriculture / farm loans, Microloans, Small-business loansVerified
Work at Grow South Dakota? Link to this page
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CDFI Atlas is not a lender and does not give financial advice. Inclusion is not an endorsement, and lenders have not reviewed or approved these pages. Disclaimer.