For over 16 years, we’ve been helping our neighbors in Beadle and Spink counties open the door to their dreams. And now, we’d like to hear about yours. Whether you dream of home ownership, a cattle herd of your very own, or starting a business where you can be your own boss, BASEC wants to help. We offer loans, technical assistance, and a one on one style that will help guide you through the process.
It’s time to turn those dreams of yours into reality.
BASEC currently offers business loans for startups, expansions, and purchases. Funds from BASEC can be utilized for a variety of business-related opportunities, such as:
- Purchase of buildings
- Purchase of commercial lots
- Purchase of equipment
- Working capital
- Construction costs
- Technical assistance
For more information about qualifications BASEC’s business programs, please contact the BASEC office at (605) 635-6165.
Community development efforts has been the lynchpin of BASEC’s mission. BASEC will provide technical assistance for the purposes of enhancing community development. Activities include:
- Community Development Assistance
- Business Development
- Business Succession Planning
- Entrepreneurship Development
- Workforce Development
- Housing (single and multi-family) Development
- Leadership Development
- Community Planning
- Grant Writing
- Meeting Facilitation
- Community Giving Strategies
- Fundraising and Event Planning
- Facilities development
- Infrastructure development
BASEC has a large network of economic development partners including local, state, and federal economic, housing, and community development agencies.
For more information about qualifications BASEC’s community development programs, please contact the BASEC office at (605) 635-6165.
Home Mortgage Loans:
Homeownership is one of the best ways to build equity and wealth for your family. BASEC provides home mortgage loans to qualified applicants for the purchase, construction, or rehabilitation of homes in the BASEC service area. No down payment is necessary to obtain a home mortgage loan.
Home Improvement Loans:
Our home improvement loans provide homeowners with affordable, low interest loans for home additions, improvements or repairs in the BASEC service area. Loan amounts of up to $15,000 may be approved at an interest rate of 5% for 5 years.
Do you have a dream of owning a home, not just a house but somewhere you can raise a family, retire to, or have family gatherings, all for an affordable price. A place you can call your very own.
Income guidelines have increased and more people are now eligible to receive governor’s homes. The floor plans have changed as well.
With BASEC’s grant/loan program, we will match every dollar you borrow up to $10,000. The purpose of this program is to provide affordable financing for the repair and rehabilitation of owner occupied homes. All projects must be focused on structural improvements, energy performance, and/or health or safety issues (i.e.: siding, roofing, foundation repair, etc.). Income restrictions apply; contact BASEC for more information on qualifications.
For more information about qualifications for BASEC’s housing programs, please contact BASEC at (605) 635-6165.
For more information about qualifications BASEC’s youth livestock program, please contact the BASEC office at (605) 635-6165.