The North Dakota Development Fund is offering a Flood Relief Loan Program for primary sector businesses impacted by flood related events Loan options include working capital, building renovation and equipment purchases.
A “primary sector” business is one that through the employment of knowledge or labor, adds value to a product, process or service that results in the creation of new wealth.
The initial loan amount is up to $150,000 for any primary sector business that has experienced a physical loss of property or had an economic injury-loss of revenues, increased operating expenses, etc. due to flooding.
You must own a primary sector business that has been impacted due to a flood-related disaster. What are the loan terms?
Review the North Dakota Development Fund Flood Relief Loan Fact Sheet for more information regarding loan terms.
A local financial institution is generally required, and Bank of North Dakota participation is encouraged as part of the financing package.
How do I apply?Phone: Contact the North Dakota Department of Commerce at 701-328-5300.
Online: Learn more about the ND Development Fund.
Email: Contact ND Development Fund CEO Dean Reese.
