<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><title></title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.sd75107b5-2fb4-43a0-9017-f617bbae5d2eP0 { margin-top: 0; margin-bottom: 0; margin-left: 0; margin-right: 0; text-indent: 0.00in; text-align: justify; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; } span.sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0-000001 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sd75107b5-2fb4-43a0-9017-f617bbae5d2e000002 { color: black; background: white; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0-000003 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eP0"><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">    </span><a href="https://sdlegislature.gov/Rules?Rule=68:02:01:35"><span class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0-000000">68:02:01:35</span></a><span class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0-000001">.  Application requirements -- Screening.</span><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0"> </span><span class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">GOED shall provide loan a</span><span class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">pplication forms</span><span class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">, which the applicant</span><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0"> shall </span><span class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">complete and sign before an application may be presented to the board</span><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">. GOED shall screen all applications for completeness and eligibility upon receipt. No incomplete </span><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">application </span><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">or ineligible </span><span class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">applicant</span><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0"> may be presented to the board.</span></p><p dir="ltr" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eP0"><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2e000002"> </span></p><p dir="ltr" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eP0"><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">    </span><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">Applications </span><span class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">must</span><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0"> include the following information:</span></p><p dir="ltr" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eP0"><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2e000002"> </span></p><p dir="ltr" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eP0"><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">    (1)  </span><span class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">The a</span><span class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">pplicant's name and address;</span></p><p dir="ltr" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eP0"><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2e000002"> </span></p><p dir="ltr" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eP0"><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">    (2)  </span><span class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">The name, address, resume, and references of any owner, investor, or management of the business</span><span class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">;</span></p><p dir="ltr" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eP0"><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2e000002"> </span></p><p dir="ltr" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eP0"><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">    (3)  </span><span class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">The a</span><span class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">rticles of incorporation and bylaws</span><span class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">,</span><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0"> or other agreements</span><span class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">,</span><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0"> that describe the legal operation or structure of the business;</span></p><p dir="ltr" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eP0"><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2e000002"> </span></p><p dir="ltr" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eP0"><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">    (4)  </span><span class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">The n</span><span class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">ame and address of the owner or operator of the business during the term of the loan;</span></p><p dir="ltr" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eP0"><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2e000002"> </span></p><p dir="ltr" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eP0"><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">    (5)  A business plan </span><span class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">that</span><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0"> contains</span><span class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">, as applicable:</span><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0"> </span></p><p dir="ltr" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eP0"><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2e000002"> </span></p><p dir="ltr" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eP0"><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">        (a)  I</span><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">nformation regarding the </span><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">housing, </span><span class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">products</span><span class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">,</span><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0"> or services to be offered by the applicant;</span></p><p dir="ltr" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eP0"><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">        (b)  J</span><span class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">ob descriptions with attendant salary or wage information by job category;</span></p><p dir="ltr" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eP0"><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">        (c)  Information regarding any </span><span class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">employee benefit package;</span></p><p dir="ltr" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eP0"><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">        (d)  E</span><span class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">ducational requirements by job category; and</span></p><p dir="ltr" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eP0"><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">        (e)  M</span><span class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">ethods of accounting, financing, marketing, sales, merchandising, and other disciplines proposed to be used for business growth and expansion;</span></p><p dir="ltr" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eP0"><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2e000002"> </span></p><p dir="ltr" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eP0"><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">    (6)  </span><span class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">A l</span><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">etter of commitment from </span><span class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">every</span><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0"> funding source;</span></p><p dir="ltr" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eP0"><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2e000002"> </span></p><p dir="ltr" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eP0"><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">    (7)  Up to three years of historical balance sheets, cash flow statements, and income statements or federal tax returns;</span></p><p dir="ltr" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eP0"><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2e000002"> </span></p><p dir="ltr" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eP0"><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">    (8)  Pro forma balance sheets, cash flow statements, and income statements for the greater of three years or the term of the loan;</span></p><p dir="ltr" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eP0"><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2e000002"> </span></p><p dir="ltr" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eP0"><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">    (9)  A statement of licensing requirements</span><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0"> applicable to the applicant's business operations and their status</span><span class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">;</span></p><p dir="ltr" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eP0"><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2e000002"> </span></p><p dir="ltr" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eP0"><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">    (10)  A statement that </span><span class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">describes</span><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0"> the effect of the business on the tax base of the area of the project and other positive and negative effects of the project on the area;</span></p><p dir="ltr" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eP0"><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2e000002"> </span></p><p dir="ltr" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eP0"><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">    (11)  </span><span class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">Evidence the project does or will comply</span><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0"> with local zoning laws and building codes and that the necessary public utilities are available or will be available when needed by the project;</span></p><p dir="ltr" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eP0"><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2e000002"> </span></p><p dir="ltr" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eP0"><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">    (12)  </span><span class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">A statement describing the a</span><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">pproximate construction date, construction completion date, and the date by which the project </span><span class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">is to</span><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0"> be fully operational;</span></p><p dir="ltr" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eP0"><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2e000002"> </span></p><p dir="ltr" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eP0"><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">    (13)  Documentation that the preliminary design stage has been completed; and</span></p><p dir="ltr" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eP0"><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2e000002"> </span></p><p dir="ltr" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eP0"><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">    (14)  Any other information</span><span class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">,</span><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0"> as requested by the board</span><span class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">,</span><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0"> in order to make a </span><span class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">decision on the application</span><span class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">.</span></p><p dir="ltr" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eP0"><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2e000002"> </span></p><p dir="ltr" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eP0"><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">    </span><span class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0-000001">Source:</span><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0"> 34 SDR 68, effective September 13, 2007</span><span class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">; 52 SDR 49, effective November 17, 2025</span><span class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">.</span></p><p dir="ltr" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eP0"><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">    </span><span class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0-000001">General Authority:</span><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=1-16G-5"><span class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0-000003">1-16G-5</span></a><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">, </span><a href="https://sdlegislature.gov/Statutes?Statute=1-16G-8"><span class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0-000003">1-16G-8</span></a><span class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">(7).</span></p><p dir="ltr" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eP0"><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">    </span><span class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0-000001">Law Implemented:</span><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=1-16G-5"><span class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0-000003">1-16G-5</span></a><span class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eC0">.</span></p><p dir="ltr" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2eP0"><span xml:space="preserve" class="sd75107b5-2fb4-43a0-9017-f617bbae5d2e000002"> </span></p></div></body></html>