ED  Prairieland Economic Development Corporation


     Office Locations:

1 Prairie Drive
Slayton, MN 56172
Phone: 507-836-6656
Fax: 507-836-6309



  • Early
  • Seed



  • Business Services
  • Information Technology



    Prairieland EDC is a private, non-profit corporation organized in 1983 to deliver the U.S. SBA 504 program. Today, Prairieland EDC is a SBA 504 Premier Certified Lender. As a non-traditional lender for over twenty years in the region, Prairieland EDC has created a diverse portfolio of more than 350 loans for about $99 million. Prairieland provides loans to small businesses in the entire State of Minnesota, the Iowa counties of Dickinson, Lyon, and Osceola, and the South Dakota counties of Brookings, Lincoln, Minnehaha, Grant, Moody, and Deuel. The firm makes loans to assist business with stimulated growth, improving community services, expanding ownership opportunities, increasing employment opportunities, promoting the community welfare, and increasing the local tax base. In order to qualify for the 504 program, the tangible net worth of a small business must be less than $15 million and the after-tax net profit must be $5 million or less, on average, for the prior two years.

    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Growth Stage
    (also called Mid-stage)
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B

    Investment Team:

    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    Ann Peterson President/CEO
    Jason Gerdes Loan Officer
    Julie Dahlhoff Loan Processing/Closing Specialist
    Kelly Konechne Portfolio Manager


    Portfolio companies include:


    Recent News: