South Dakota Community Capital Fund
(SDCCF) offers economic development organizations serving greater South
Dakota the opportunity to participate in an innovative new development
financing resource. Click here to view the SDCCF informational brochure.
SDCCF is designed to leverage local capital into millions of dollars
through access to national capital markets. SDCCF participants have the
advantage of offering much larger loans than would be possible with
limited existing local resources, greater lending flexibility for
financing local development projects and significantly lower loan risk -
all with the support of a professional fund manager who packages the
Benefits of participation
With a primary goal of supporting business development in participating
communities, SDCCF offers flexibility in responding to your local
- Participants are able to originate loans up to
ten times the
amount they deposit in the Fund.
- There is no limit on the number of loans that a participant can
originate through SDCCF.
- The originating SDCCF participant significantly
loan loss risk.
- An experienced lending professional works closely with
participants, prospective borrowers and participating lenders.
- SDREI staff prepares all documents for loan closings and
negotiates the sale of participant-originated loans to the secondary
- SDREI staff handles all the paperwork and report filings that
may be required, which allows participants to focus time and energy
on their local development projects.
- Participants have access to the
technical assistance and
expertise available from SDREI to support local development
- SDCCF participants are part of a
statewide economic development
network that offers practicing professionals the opportunity to
share information and learn from the experience of their peers.
- Other innovative financing resources and programs are also being
explored for our participants, in keeping with the SDREI community
Participation is open to non-profit and for-profit economic development
organizations, development-oriented venture funds, public charity and
private foundations involved in economic development activities within
the state of South Dakota and other public and private organizations
with an interest in supporting the purposes of SDREI.
Choose your own participation level
SDCCF welcomes communities and development organizations of all sizes to
participate in the Fund. Simply choose the participation level (minimum
deposit of $25,000, maximum deposit of $100,000) that best fits your
organizational needs and enjoy the incredible 10-to-1 leveraging of
funds offered to participants at every participation level.
Every attempt is made to structure SDCCF loans to best meet the needs of
our participants, the borrowers, other participating lenders and the
community. One of the primary considerations for our participants as
loan terms and conditions are being negotiated is how the secondary
market will price the loan for purchase. Click here for more in-depth
information on the SDCCF loan structure.
Who pays the operating costs?
SDCCF's primary revenue sources are interest earnings on the escrowed
funds deposited by SDCCF participants and loan origination fees charged
to borrowers. Participants do not pay for the services provided by the
fund manager which pertain to the structuring of the SDCCF loans or for
any other fund operating costs.
Who manages the Fund?
SDCCF is a program of South Dakota Rural Enterprise, Inc. (SDREI). The
SDREI Credit Officer serves as administrative manager under the
direction of the SDREI Board of Directors.
Learn more about SDCCF
For more information about becoming a participant of this unique and
innovative new rural development financing resource, call and request a
copy of the Program Disclosure Statement at (605)978-2804.
for the full SDCCF informational brochure.