Skip to main content
See every side of every news story
Get Started
SubscribeLogin
Published • loading... • Updated

State fund takes loss on Kadoka loan

Summary by Ground News
State board agrees to take a loss on a loan made to a Kadoka business. The authority in 2013 loaned $151,500 through its agricultural processing and export program. The company eventually went out of business and the owner filed for chapter 7 bankruptcy. The business still owed state government $106,575.30 on the loan.

1 Articles

KELOKELO
Center

State fund takes loss on Kadoka loan

PIERRE, S.D. (KELO) -- One of state government's business-loan programs is some $35,000 lighter in the pocket.Directors of the South Dakota Economic Development Finance Authority agreed Wednesday to take a loss on a loan made to a Kadoka business.The authority in 2013 loaned $151,500 through its agricultural processing and export program to Fromm's Hardware and Plumbing. SD justices clarify workers-comp standard The company eventually went o…

·Sioux Falls, United States
Read Full Article
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 100% of the sources are Center
100% Center

Factuality 

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

KELO broke the news in Sioux Falls, United States on Thursday, August 11, 2022.
Sources are mostly out of (0)
Stories disproportionately reported by the Left or the Right

Similar News Topics

Kadoka icon

Kadoka

News
For You
SearchBlindspotLocal