JL3L SD Works loan financing
South Dakota Department of AgricultureSouth Dakota- Detected
- Jul 8, 2026
- 121 days ago
- Sector
- Administration & Finance
- Est. value
- Free account
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THE 30-SECOND BRIEF
The Board plans to approve a SD Works loan to JL3L, LLC for $309,000, secured by financed assets and personal and corporate guarantees. The loan will be executed under a commitment letter by the GOED Commissioner or designee.
While the financing is already structured, this indicates JL3L has a funded project or business expansion, creating potential needs for professional, construction, equipment, or IT vendors depending on their operations.
Loan is second position on financed assets; board relies on GOED Commissioner to execute documents.
From the meeting
- Meeting date
- July 8, 2026
- Agency
- South Dakota Department of Agriculture
Questions about this project
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When will South Dakota Department of Agriculture issue an RFP for this project?
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