Loan Funds Committee
Tyler Marthaler - Barnes County
April Harring - Dickey County
Denise Schuchard - Foster County
Chad Aberle - Griggs County
Steven Gebhard - LaMoure County-Chairman
Terry Schwartzenberger - Logan County
Kent Lovell - McIntosh County
Scott Hare - Stutsman County
Jason Schneider - Wells Countyhere.
South Central Dakota Regional Council's loan program provides
gap-financing loans to strengthen the business economy of our
region. Gap-financing is made to fill the gap between the total
cost of the project and the amount that is available through owner
investment, bank financing, and other sources of private funding.
SCDRC’s offering of gap financing is to encourage traditional lenders to extend loans that create, strengthen, and/or assist businesses in the region, spurring economic growth and jobs.
We provide the following business services to our region:
Our Loan Funds
All programs require a matching private lender, equity of at least 10% of total project cost, first or second position on collateral and personal guaranty of principals.
In accordance with Federal law and the U.S. Department of Agriculture’s policy, this institution is prohibited from discriminating on the basis of race, color, national origin, sex, age, or disability. (Not all prohibited bases apply to all programs.) To file a complaint of discrimination, write to: USDA, Director, Office of Civil Rights, 1400 Independence Avenue, SW, Washington, DC 20250-9410 or call 800-795-3272 (voice) or 202-720-6381 (TDD).