The South Dakota District of the Small Business Administration was busy this pandemic-stricken year.
The South Dakota District Office says it approved 261 loans in the 7(a), 504, and Microloan programs, providing $105.7 million to small businesses.
$1.7 billion PPP loans assisted 23,470 small businesses to weather the Covid-19 pandemic. An additional $469 million Economic Injury Disaster Loans were made to South Dakota firms.
Together with our resource partners over 11,000 clients received business counseling and training.
The South Dakota District Office participated in over 500 virtual webinars and continued in-person outreach to best serve small businesses throughout the state.