U.S. Department of Agriculture (USDA) Rural Development (RD) and the Small Business Administration (SBA) are holding joint training sessions for lenders to learn about programs and products available to support business lending in South Dakota. 

USDA RD staff will explain the Business & Industry (B & I) and the Rural Energy for America Program (REAP) guaranteed programs and how lenders can use them to expand their portfolio, while maintaining the personal contacts through servicing.   Lenders will also learn about using Farmer Mac as a secondary market, using lender participation to extend your loan limits, and using these programs to meet your CRA goals.

U.S. Small Business Administration will present on the benefits of using the 7(a) Guaranty Loan.  This program will allow for a lender to finance new ventures or assist existing businesses in their community by providing extended terms to help small business owners with their business operations and reducing the lenders’ loan risk. 

Please make plans to attend one of the sessions below to get the latest information on these guaranteed loan products:

July 25, 2018:

Yankton: 9:30 am – USDA facility at 2914 Broadway, Yankton, SD.

Mitchell:  2:00 pm – USDA facility at 1820 North Kimball, Mitchell, SD.

 

August 15, 2018:

Sioux Falls: 9:00 am – Zeal Center of Entrepreneurship – Main Conference at 2329 N. Career Avenue, Southeast Technical Campus, Sioux Falls, SD

 

August 22, 2018:

Pierre: 9:00 am – USDA facility at 1717 North Lincoln Avenue, Pierre, SD.

 

September 20, 2018:

Rapid City: 9:00 am – USDA facility at 414 East Stumer Road, Rapid City, SD.

 

If you have questions, you can contact David Puls at 605-330-4243 ext. 13 or email at david.puls@sba.gov or Dana Kleinsasser at 605-352-1157 or email at dana.kleinsasser@sd.usda.gov.

 

USDA Rural Development and The Small Business Administartion Host Lending Event

Huron, South Dakota, July 30, 2018 -

U.S. Small Business Administration (SBA) and the U.S. Department of Agriculture (USDA) Rural Development (RD) will present a panel on rural small business lending and technical assistance.  The audience will learn about assistance and loans offered by the SBA, USDA RD, Federal Deposit Insurance Corporation (FDIC), U.S. Economic Development Administration (EDA), Governor’s Office Economic Development (GOED) and representatives of banking associations that can assist entrepreneurs start or grow a business. The session will also provide valuable information for lenders wanting to assist rural entrepreneurs.  This event is free and open to the public.

WHAT:               Rural Lending Event in Pierre

WHEN:               Wednesday, August 8, 2018 – 8:30am-12:00pm 

WHERE:             USDA facility at 1717 North Lincoln Avenue, Pierre, SD

WHO SHOULD ATTEND: Entrepreneurs, Agricultural-based businesses, Businesses in rural areas, Lenders and other organizations interested in learning about programs and services to assist rural businesses.           

HOW:                  Space is limited.  Pre-register for this event by contacting Jennifer Kelly, Public Affairs Specialist  at jennifer.kelly@sba.gov

Agenda

8:30 – 9:00           Registration/Networking/Refreshments

9:00 – 9:15           Welcoming Remarks: USDA Rural Development Director Julie Gross

9:15 – 9:30          Special Guest Remarks by The Office of Senator Rounds

9:30- 9:45            Speaker: Small Business Owners TBD

9:45 – 9:55           Break

9:55 – 11:00         Rural Lending Roundtable Panel Discussions

(SBA Dave Puls, Lead Lender Specialist, USDA Dana Kleinsasser, Business & Cooperative Programs Director, FDIC Tracie Greenway Morris, Senior Community Affairs Specialist , EDA Alex Smith Economic Development Representative (North Dakota l South Dakota l Western Iowa), ICBSD Representative, GOED Cassie Stoeser, Director of Finance )

11:05-11:25          Resource Partner Mingle 

USDA is an equal opportunity provider, employer and lender.