EDA Revolving Loan Fund (Lake Agassiz)
This program began as a grant from the Economic Development Administration in the aftermath of the 1997 flood disaster. The fund is currently available to all businesses in Cass, Ransom, Richland, Sargent, Steele and Traill Counties in North Dakota. Eligible entrepreneurs can access a maximum of $250,000 or one-third the total project cost, whichever amount is lower. These funds are usually subordinated to bank financing. This program is typically used to fund industrial or primary sector projects, however, retail and service sector projects are eligible.
Amount
Maximum: $250,000
Resource Provider
From government grants to small business loans, we connect leaders with the funds and financial resources they need to grow business and build strong communities.
Resource Type
Loan
Location
58002, 58004, 58005, 58006, 58007, 58011, 58012, 58021, 58029, 58036, 58038, 58042, 58047, 58048, 58051, 58052, 58059, 58064, 58071, 58078, 58079, 58102, 58103, 58104, 58105, 58106, 58107, 58108, 58109, 58121, 58122, 58124, 58125, 58126, 58027, 58033, 58054, 58068, 58001, 58008, 58015, 58018, 58030, 58041, 58053, 58057, 58058, 58061, 58074, 58075, 58076, 58077, 58081, 58013, 58017, 58032, 58040, 58043, 58060, 58067, 58069, 58046, 58056, 58230, 58277, 58009, 58016, 58035, 58045, 58218, 58219, 58223, 58240, 58257, 58274
Purpose
Business Acquisition, COVID-19, Debt Refinancing, Equipment, Hiring & Recruitment, Inventory, Leasehold Improvements, Other, Real Estate, Renovation to Real Estate, Research, Sales Tax, Startup, Working Capital
Industry
Manufacturing, Primary Sector, Professional Services, Retail
Business Stage
Existing Business, New Business
Deadline
–
Contact
Amber Metz
(701) 235-1197
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