The North Dakota Development Fund (NDDF) manages the Rural Growth Incentive (RGI) Program which provides loans to RGI cities for a qualifying business. RGI cities must have a population less than 2,500 and be certified as a RGI city by the Dept. of Commerce. The city must raise dollar-for-dollar matching funds. A qualifying business must provide an essential service to the city which is determined by the city’s governing body and the Dept. of Commerce.

Grant dollars of up to $10,000 are available to RGI cities for a feasibility study related to an essential business.

The Divide County Job Development Authority has a Revolving Loan Fund, offering loans of up to $25,000, 3% interest for a term length not to exceed 60 months.

The North Dakota Development Fund (NDDF) provides flexible gap financing to new or expanding primary sector businesses in North Dakota. Funds are available through direct loans, participation loans, subordinated debt and equity investments.

The North Dakota Development Fund (NDDF) administers the Regional Rural Development Revolving Loan Fund, which provides flexible gap financing to primary sector businesses located in a community of less than 8,000 in population or located more than five miles outside of city limits. Funds are available through direct loans, participation loans, subordinated debt and equity investments.

The North Dakota Development Fund (NDDF) provides financial assistance to new and expanding childcare providers through the Childcare Loan Program.

The goal of the SBA 504 program is to create and retain jobs through long-term financing of real estate and equipment at a fixed, below-market interest rate.

The SBA Guaranteed Loan Purchase Program provides low interest rate loans to North Dakota businesses with bank financing which includes a loan guarantee from the US Small Business Administration. BND can participate in a SBA guaranteed loan by purchasing the guaranteed portion of the promissory note. The purchase is conditioned upon the borrower receiving the benefit of the lower interest rate on the purchased portion of the note.

Certain industries in North Dakota may qualify for a sales tax exemption.

A low-interest, flexible financing tool for businesses recovering from and responding to the COVID-19 global pandemic.

The Impact Fund is utilized when other capital resources are not available for entrepreneurs. This funding may help borrowers meet the requirements of private lenders for additional equity, or serve as a micro-loan for start-up or equipment needs.

The Envest Loan is to purchase shares in an ag processing plant intended to process North Dakota products or for the purchase of equity shares in a North Dakota feedlot or dairy operation that feeds a byproduct of an ethanol or biodiesel facility.

Any structure that has been identified as unlivable, unsafe, and dangerous and located within the city limits or extraterritorial area of Carrington is eligible for the Demolition Cost Share Program. Funds can be used for demolition of building/structures, removal of material, costs for updating a real estate abstract, current title opinion, legal costs to ensure marketable title, and payment of current/past due real estate taxes and specials.