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
Resource Type
Location
Purpose
Industry
Business Stage
Deadline
Contact
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Lisbon STAR Fund
The Star Fund is intended to provide financing incentives to business activities that desire to expand or locate in the greater Lisbon trade area. The primary purpose of this fund is to expand the financial base of the community by creating new jobs, saving existing jobs, expanding the local tax base, increasing capital investment, improving the entrepreneurial climate and attracting people to the Lisbon Area. Generally, Star Funds will be used to develop private enterprise.
Pembina County JDA Loan & Grants
The Pembina County Job Development Authority can offer direct loans in the form of gap financing and can also assist with interest rate buy downs through the Bank of North Dakota’s PACE and Flex PACE programs. Pembina County JDA also offers a Storefront Improvement Grant for businesses improving the facades of their businesses (application needs to be submitted before the work begins).
