SBA 504 Loans

Black Hills Community Economic Development is a Certified Development Company (CDC) that serves South Dakota and portions of Nebraska and Wyoming through the United States Small Business Administration’s (SBA) 504 Loan Program.   We are a private, non-profit corporation established to foster economic development, create and preserve jobs opportunities, and stimulate growth and modernization of small businesses in our region.

The SBA 504 program helps businesses grow by acquiring and improving major fixed assets, like owner-occupied real estate or heavy equipment.  Through the SBA 504 program, Black Hills Community Economic Development has supported the growth of 1,773 jobs and $213 million of total investment in our region.

504 Loan Service Area Map

Service Area Map

504 Loan Eligibility

To be eligible for a 504 Loan, your business must be operated for profit and fall within the size standards set by the SBA. Under the 504 Program, a business qualifies if it has a tangible net worth not more than $15 million, and an average net income of $5 million or less after federal income taxes for the preceding two years prior to application.

Loans cannot be made to businesses engaged in nonprofit, passive or speculative activities. For additional information on eligibility criteria and loan application requirements, contact Black Hills Community Economic Development.