Fostering entrepreneurship is one of Governor Rounds’ most critical objectives. That’s why helping turn ideas into reality is a priority of the South Dakota Department of Tourism and State Development.
The South Dakota Entrepreneur Support Program was established to provide financial assistance to people who have an idea for a new business, but lack all the capital necessary to breathe life into their idea. If you are approved for a loan, you may be entitled to a 3-year debt service holiday (no interest or principal payments for the first three years.
By working with a loan officer at the South Dakota Department of Tourism and State Development, a qualifying small business will be able to secure a loan that can be used to take its idea to that all important next step.