Latest News

BHCLF offers a one-day Saturday course, or 2 evening course using the Building Native Communities curriculum, designed to help Native Americans adapt traditional skills of resource management to the wise management of financial resources. The course covers:


Developing a spending plan. 

Setting up checking and savings accounts. 

Understanding credit and credit reports. 

Monitoring your credit. 


If you, a friend, or refer someone you to know to complete this free course and begin your financial wellness journey!

What an honor!

BHCLF has won the one of the 2020 Native CDFI awards! 

Participate in our fundraiser for youth financial literacy!


As we all know now that we are adults... financial literacy is just one issue at the forefront of helping our communities thrive. The more we are able to help prepare our youth for adulthood in terms of their financial wellness, the more their household stress decreases and the less it impacts their future livelihood.


“Rapid City, Take a Hike! … towards health & wealth”


Our goal is to help “Cash the Pheasant" reach 500 miles.


Donors and sponsors pay $20 per mile walked/ $30 per "cheat" mile not walked.


You may sponsor miles to give away to anyone, any youth, or give them to our team to walk! 




October 1, 2020 - December 1, 2020 


The Challenge: Invite colleagues, office to office, friends challenge miles to walk.


Prizes: Weekly prizes to be given away, with a chance for larger prizes for those who walk 10 miles or more!


This is congruent with South Dakota Day of Giving and will be taking place through October 1, 2020 - December 1, 2020. Please use #bhcashwins #givingtuesday #forsouthdakota, go LIVE, and tag us to help us raise funds for youth financial empowerment classes and scholarship funds! 



November Newsletter


Please read our current updates and please feel free to sign up for our monthly newsletters! 

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BHCLF has a new address 

We have moved... down the hall! 

We aren't moving far, just down the hall to be exact. You can find BHCLF offices in Suite 113.


Due to COVID19, office procedures are still being honored, and we will be doing our best to service your needs. 

New Address: 

607 1/2 Mt. Rushmore Rd. 

Suite 113

Rapid City, SD 57701 

First Nations OWEESTA Corp grows partnership with BHCLF 


Rapid City, SD (June 18, 2020) — BHCLF is excited to announce our partnership with First Nations OWEESTA Corporation is growing. This partnership helps BHCLF provide a range of asset-building products and services, including financial education and financial products. These asset-building tools stimulate our local economy by providing members the opportunity to acquire financial management skills, build and accumulate assets through small business creation, homeownership, education, and much more. BHCLF is a Native Certified Community Development Financial Institution (CDFI) located in Rapid City, South Dakota and committed to helping individuals and families in the Black Hills to achieve their highest financial goals. 

BHCLF has new office procedures 

Office Access Restrictions

In response to COVID-19 and to safely serve our community, we are modifying our operations.

Effective until further notice, Black Hills Community Loan Fund Inc. will have limited office access. Necessary precautions and PPE’s utilization will be observed, face masks will be required and provided. Temperature will be taken at the door and please sign in. 


Our lending, education and technical assistance can also be accessed through technology. Please visit our website or call the office at 605-519-5124 for more information.


Request for Services

The loan application can be accessed online. You can download, complete, and return via email or


Pending Applications or Paperwork:

If you do not have an appointment or cannot submit paperwork electronically, please seal in a Ziplock bag and deposit in the appropriate depository a the BHCLF offices. A staff member at BHCLF will follow up upon receipt.


Small Business Loan Clients:

If you are a current loan client, please contact us immediately if you are experiencing a financial hardship due to impacts of COVID-19. We are here to support you and will do our best to work with you through these difficult times.

To All of Our Clients:

If you are finding yourself in a financial hardship due to COVID-19 lease do not hesitate to call or email us at BHCLF and we will assist you to the best of our abilities.

BHCLF Official Partners with Rapid City Area Schools

We are now an official partner with Rapid City Area Schools in the Financial Industry Sector. We look forward to all the wonderful collaborations in building a stronger community.

"Financial Literacy Month"  is in April 2020

April is recognized each year as National Financial Literacy Month. This month is dedicated to improving the financial health of Americans through promotion of financial literacy and education. 


Originally designated Financial Literacy For Youth Month in 2003, the U.S. Senate passed Resolution 316 in March, 2004 officially recognizing April as National Financial Literacy Month.


BHCLF is preparing our schedule of events for April, 2020 to celebrate this month dedicated to financial education through youth programming in Rapid City. We are excited to bring these much needed events to our community! Stay tuned!

The $pending Frenzy 

On February 11, 2020, BHCLF, through a grant provided by South Dakota Community Foundation, was finally able to fulfill a 2-year-long dream of bringing The $pending Frenzy to Native American youth. Organized by our Business Development Specialist, Shannon Ahhaitty, The $pending Frenzy Game Night brought this exciting game of life to 31 students living in North Rapid City. 


We would like to thank the staff of North Middle School and the many volunteers who made this event possible, including Rapid City Council Members, President Laura Armstrong and Lance Lehman (Ward 4), CEO/President of the Rapid City Chamber of Commerce Linda Rabe, Lifeways Counselor Michele Brink-Gluhosky, BHCLF Board Member Richard Abourezk, OLC AIBL Chapter members Sunny Red Bear and Nikkole Bostnar, and Synchrony Financial employees Vince Graves Amber Eagleboy, Duane Curley, Devon Dupris Fire Thunder, and Kevin Popp.

If you would like to bring The $pending Frenzy Game Night to your school, please call our office at 605-519-5124.

Who is Black Hills Community Loan Fund, Inc?

BHCLF is a 501 (C) 3 not-for-profit organization created by a group of individuals who wanted to give the people who have financial challenges an opportunity to obtain a home mortgage. BHCLF strives to provide those financial opportunities to those who are unable to access commercial loans from a commercial lender. BHCLF is a fully grant funded organization, funded by the Department of Treasury Native CDFI (Community Development Financial Institution) Program and private foundations who support their mission.


BHCLF is here to coach individuals and families along their journey towards financial independence through goal setting, financial education and credit building. BHCLF is not a pay-day loan provider, BHCLF is not a quick fix to a temporary problem, they are here, committed to their clients who are all dedicated to their own mission of obtaining a brighter future through their individual financial growth and development.

Our Mission Statement

BHCLF is dedicated to creating financial opportunities for economically disadvantaged families who aim to strengthen their financial future in the Black Hills Region.


607 1/2 Mt. Rushmore Rd. Suite 113

Rapid City, South Dakota 57701

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