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Troy’s Wood Specialties Approved for MicroLOAN

Friday, March 14, 2014

PIERRE, S.D. – Troy’s Wood Specialties, a manufacturer of custom wood cabinets for residential and commercial use based out of Dell Rapids, S.D., was recently approved by the South Dakota Development Corporation for a MicroLOAN.

“The MicroLOAN program is ideal for small businesses because of its low interest rate,” said Commissioner Pat Costello. “More and more companies like Troy’s Wood Specialties are learning that there are a variety of beneficial financing programs tailored for small businesses. I encourage any company looking to expand to contact GOED to see what financing program may be available.”

Andrea Scherff, co-owner of the company, says the company has been looking to expand its capabilities for several years and after researching the various loan programs out there, she found the GOED to have the best options.

“Looking at everything the GOED has to offer, the one thing that stood out to me was the consistent interest rates,” Scherff said. “Most of the programs offer very reasonable interest rates, and that is important for small businesses like ours. Everyone we worked with was very knowledgeable and incredibly helpful.”

Troy’s Wood Specialties is looking to fill new positions created thanks to the MicroLOAN. For more information, please visit www.troyswoodspecialties.com.

For more information on the MicroLOAN and other GOED financing programs, please visit www.sdreadytowork.com/finance.

Media Contact

Members of the media requesting more information should contact Natalie Likness at Natalie.Likness@state.sd.us or (605) 773-3301.