Flex PACE
Provides financing with interest buydown through a participation loan between a lead bank, Bank of ND, and a community fund. The community in which the business is located will determine if the objectives of the business meet the needs of the community and to what extent they will provide the required matching portion of the buydown funds.
Amount
Maximum: $300,000
Resource Provider
A state-owned, state-run financial institution based in Bismarck, North Dakota.
Resource Type
Grant
Location
All
Purpose
Equipment, Real Estate, Working Capital
Industry
Agriculture, Childcare, Communications, Communities, Construction, Energy, Ethanol, Exporting, Finance, Food Service, Healthcare, High Growth, Hospitality, Information Technology, Manufacturing, Other, Primary Sector, Professional Services, Real Estate, Retail, Tourism, Transportation, Utilities, Value-Added
Business Stage
Existing Business, New Business
Deadline
–
Contact
Craig Hanson
(701) 328-5795
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Red River Corridor Fund
The RRCF identifies and invests in promising early-stage companies with innovative ideas and strong growth potential, providing them with the resources and mentorship needed to scale. We are focused on company in the unscrewed aerial systems (UAS), advanced air mobility (AAM), and AgTech industries.
