Growth Capital Program

Through the Growth Capital Program the RRCF purchases up to 25% of a commercial loan originated by a lender and subordinates our interest to the participating lending institution, thereby increasing a borrower's lending capability. The participating bank will service the loan as they normally would. A typical loan will be for real estate, equipment or working capital up to $1 million.

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Amount

Maximum: $20,000,000

Resource Provider
The Red River Corridor Fund (RRCF) is a collaboration of 36 North Dakota Communities with the goal of supporting small businesses by increasing access to capital and enhancing credit programs across North Dakota.
Resource Type
Loan
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
Delore Zimmerman
(701) 775-3354

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