There are three categories of loans administered by the South Dakota Department of Transportation (SDDOT):
1. State Infrastructure Bank (SIB) Loan/Federal Loan Program
2. Surface Transportation Block Grant Program (STBGP) Advance
3. State Highway Fund Loan
Loans are subject to approval by the South Dakota Transportation Commission. Applicants are required to demonstrate their ability and commitment to repay the loan. The Commission may impose such terms and conditions as the Commission, in its discretion, determines are appropriate. The Commission regards loans as funding of last resort and may reject any application. This informational sheet is intended to give applicants guidance on how loans have been administered in the past, but applicants are cautioned that the Commission is not bound by this guidance and has ultimate authority over the approval, terms, and conditions relating to any loan. Applicants who are approved for a loan will be required to execute a loan agreement with SDDOT.