"The Mission of The Siouxland Economic Development Corporation is to further the economic development of Siouxland."

Siouxland’s Small Business Loan Headquarters

Welcome to the Siouxland Economic Development Corporation’s (SEDC’s) home page designed to help you get easy access to SEDC’s loan programs. Our easy, one-page application will work for any of our three loan programs.

SEDC was formed in 1979 to help businesses start up or expand in a ten-county area of Iowa, Nebraska, and South Dakota. Our SBA 504 program is now available in the entire state of Iowa. We are a non-profit organization governed by a volunteer board of directors and staffed by seasoned loan professionals. We have loans of every size to fit your small business needs. Contact us anytime if you have questions or need assistance.

We look forward to working with you!

Dusty Small

Dusty Small, SEDC Chairman

Plymouth Block Building
We are now located in the Williges Building, a beautifully restored, William Steele designed, historic prairie school building in downtown Sioux City.

SBA Presents Awards to Top Lenders

The U.S. Small Business Administration's Iowa District Office in Des Moines, IA, presented two of its Top Lender awards for fiscal year 2015 at a December 17 reception hosted by American State Bank in Sioux Center.

American State Bank in Sioux Center was recognized as the Iowa SBA Top 504 Third Party Lender for fiscal year 2015. American State Bank was a third party lender on three 504 loan projects in Iowa, contributing $3.9 million towards nearly $8 million in total 504 project dollars.

Siouxland Economic Development Corporation (SEDC) in Sioux City was recognized as the Iowa SBA Top Lender - Rural Markets for fiscal year 2015. Of the SEDC 504 loans approved, 14 were made to rural small businesses in Iowa totaling $6.05 million that helped support over $15 million in total project dollars.

The SBA approved 444 guaranteed loans in Iowa totaling $134.9 million in FY 2015. This included 57 loans for $27.8 mi.! lion under the SBA's 504 loan program, which provides long-term fixed asset financing to new and existing small businesses. Fiscal year 2015 also saw the district office revamp its top lender awards to better recognize lender activity in key demographic areas.

"It is important that the SBA and Iowa lenders work together to help Iowan's start, build and grow their businesses with a special focus on our most under served markets - women, minorities, veterans, exporters and rural markets," said Jayne Armstrong, director of the SBA's Iowa District office. "In re-organizing our annual awards program, we want to highlight SBA lenders such as American State Bank and SEDC that have gone the extra mile to support small businesses."

In addition to being recognized as the SBA's Top 504 Third Party Lender, American State Bank in Sioux Center was also recognized by SEDC as its Lender of the Year for 2015.

This annual award is given by SEDC to commercial lenders in the Siouxland area who have demonstrated a high regard for customer service and have successfully, consistently, and creatively utilized the SBA 504 Loan Program to further economic development.
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(L-R): Rachel Moerman, Assistant Vice President, American State Bank; Mike Roetman, Assistant Vice President/Ag Loan Officer, American State Bank; Troy Broers, Vice President, American State Bank; Eric Vande Hoef, Assistant Vice President/Retail and Commercial Lending, American State Bank; Stan Speer, President, American State Bank; Jackie Nohr, Loan Manager, Siouxland Economic Development Corporation; Jayne Armstrong, District Director, U.S. Small Business Administration; Mark Kreun, Market President, American State Bank; Chuck Mulder, Market President, American State Bank; Joeli Doktor, 2nd Vice President, American State Bank

Loan Programs

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Microloan

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Revolving Loan Fund

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SBA Section 504 Loan

Current Interest Rates - June 2016

Interest rates are subject to change
4.232%*
On 20-YEAR Fixed-rate Loans
*approved after Oct. 1, 2015
4.194%*
On 10-YEAR Fixed-rate Loans
*approved after Oct. 1, 2015
4.261%**
On 20-YEAR Fixed-rate Loans
**approved between Oct. 1, 2011 and Sept. 30, 2015
4.229%**
On 10-YEAR Fixed-rate Loans
**approved between Oct. 1, 2011 and Sept. 30, 2015
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