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SDCCF - South Dakota Community Capital Fund

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A program of South Dakota Rural Enterprise, Inc.
Introducing an innovative new economic development financing resource designed to leverage local capital into millions of dollars. Participants are able to originate loans of up to 10 times the amount they deposit into the Fund. The interest rates are typically around 7.95% with terms based primarily on collateral (5-20 years).

Sample Loan:

SDCCF Participant:

Anytown Area Development Corporation (AADC)

Borrower

Superior Tables Inc

Project

 

Expanding Buildings
Adding Equipment
Additional Operating

($200,000)
($100,000)
($60,000)

Total:

$360,000

 

Financing:

Bank
SDCCF
AADC Loan Fund
Borrower

$200,000 / 1st REM, 1st Equip
$100,000 / 2nd REM, 2nd Equip
$24,000 / 3rd REM, 3rd Equip
$36,000 10% project equity

 

 

$360,000

Referring Party: Anytown Area Development Corporation

 

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