Board of Economic Development Minutes 2026-05-15
Board Approves $550,000 SD Works Loan to Lemmon IGA
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Description
The Board of Economic Development approved a $550,000 SD Works loan to Lemmon IGA secured by a second lien on financed assets and personal guaranties from principal owners. Loan documentation will follow the commitment letter and be executed by the Commissioner or designee.
Contract Details
Contract Amount
$550,000
Vendor
LEMMON IGA
Agency
South Dakota Department of Agriculture, SD
Contract Type
FINANCIAL_SERVICES
Document Date
May 15, 2026
Renewal Info
Loan approved according to the terms and conditions of the commitment letter; execution authorized to the Commissioner or designee.
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