• USDA Intermediary Relending Program

    This program supports and encourages business development in rural North Dakota communities. Eligible entrepreneurs can access as much as $250,000 for purchase of real estate, fixed assets, working capital and inventory.

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  • Rural Microentrepreneur Assistance Program

    Lake Agassiz Development Group administers the Rural Microentrepreneur Assistance Program throughout the state of North Dakota. This program provides funds to boost small business development, create new jobs and strengthen economies in rural communities.

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  • Rural Growth Incentive Program

    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.

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  • Divide County Revolving Loan Fund

    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.

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  • North Dakota Development Fund

    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.

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  • Regional Rural Development Revolving Loan Fund

    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.

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  • Childcare Loan Program

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

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  • SBA 504 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.

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  • SBA Guaranteed Loan Purchase Program

    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.

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  • Sales Tax Exemption

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

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  • Resiliency Fund

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

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  • Impact Fund

    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.

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