North Dakota State Business Grants

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North Dakota presents many grant and mortgage promise financing possibilities to assist regional and nearby business growth. A number of of these financing possibilities are facilitated by the Lender of North Dakota, the only state-owned Lender in the nation.

The Speed Method and Ag Speed

The Partnership in Helping Local community Growth (Speed) Fund aims to offer new task advancement as a way to assistance communities in expanding their financial bases. Provided by BND, the System has 2 main components: operating with neighborhood loan companies to established Local community-primarily based loans and utilizing the Speed fund to decrease the borrower's curiosity charge. (A comparable Method, Ag Speed, presents farmers with curiosity purchase-downs on investments in nontraditional agriculture actions to supplemental farm earnings.

Lender of North Dakota

1200 Memorial Hwy.

P.O. Box 5509

Bismarck, ND 58506

701-328-5509

banknd.nd.gov

The MATCH Method

The objective of the MATCH Method is to draw in monetarily sturdy businesses to North Dakota. Underneath the Plan, the BND participates in loans that are awarded to relevant organizations, properly delivering curiosity charges between the lowest in the nation.

Lender of North Dakota

1200 Memorial Hwy.

P.O. Box 5509

Bismarck, ND 58506

701-328-5509

banknd.nd.gov

The Business Growth Mortgage Plan

The Business Growth Mortgage Plan aims to help business entrepreneurs in qualifying for loans that would in any other case be deemed also risky by lending establishments. Despite the fact that BND's participation proportion is negotiated on a mortgage by mortgage foundation, the Lender usually considers participation prices among 50 and 70 % of the mortgage.

Financial institution of North Dakota

1200 Memorial Hwy.

P.O. Box 5509

Bismarck, ND 58506

701-328-5509

banknd.nd.gov

The Starting Entrepreneur Mortgage System

The Starting Entrepreneur Mortgage System aims to give qualifying companies with start-up funding. Beneath the Plan BND can offer a Lender with an 85 % ensure on loans of $one hundred,000 or much less.

Financial institution of North Dakota

1200 Memorial Hwy .

P.O. Box 5509

Bismarck, ND 58506

701-328-5509

banknd.nd.gov

The North Dakota Growth Fund

Principal-sector organizations are qualified for funding Below the North Dakota Improvement Fund, main jobs involving appeal-extra agriculture, production, large-engineering providers and export providers are qualified. The fund is made to offer gap funding by way of loans and equity investments most typical loan companies do not provide. Manufacturing agriculture organizations do not qualify for the Plan.

North Dakota Section of Commerce

Financial Improvement & Finance Section

P.O. Box 2057

Bismarck, ND 58502

701-328-5300

business.nd.gov

Section of Tourism Grants

The North Dakota Division of Tourism delivers financing to owners who want to capitalize on the state's cultural and normal points of interest. The Division's Tourism Infrastructure and Enlargement Grants aim to help new or expanded tourism and recreation amenities.

North Dakota Tourism Department

Century Middle

1600 E. Century Ave., Suite 2

P.O. Box 2057

Bismarck, ND 58502

701-328-2525

ndtourism.com