Board Members

Eligibility

Applicants must be legal entities, sole proprietors, and/or units of government
A minimum of 10% owner's equity in cash or assets of the project/business
Requests cannot exceed 50% of a project's total cost, accompanied by either bank commitment or denial, and must reasonably assist the project
Assurance of willingness and ability to repay the loan and adequate collateral
The proposed project must be located within REED's geographic area (see map below)
The proposed project must fall into REED's three target loan markets

Business, Industrial Development, and Infrastructure: Loans support business growth and development and contribute to employment and business ownership opportunities. The loans benefit retail, service, tourism, manufacturing and technology sectors.
Value-Added Agriculture: To recognize agriculture's impact on the region's economic base, REED makes loans to support projects that add value to local agriculture production through innovation, improved services, further processing or marketing. Loans are not made for traditional production agriculture.
Community Development: Community services and quality of life are necessary for sustainbale development. Loan recipients may include, but are not limited to, civic and philanthropic organizations, educational institutions, local governments and special purpose districts.

REED Service Territory

Rural Electric Economic Development | 121 SE First St. | Madison, SD | (605) 256-4536

Reed is an equal opportunity provider, employer and lender. To file a complaint of discrimination, write:
USDA, Director, Office of Civil Rights, 1400 Independence Avenue SW, Washington DC 20250-9410
or call 800.795.3272 (voice) or 202.720.6382