SBA 504 Program

The SBA 504 Loan provides businesses with fixed-rate financing for the purchase of long-term assets. Proceeds can be used for the purchase of land, building, and equipment as well as to finance eligible closing costs. The 504 loan is made in conjunction with the borrowers’ local financial institution, which provides a first mortgage for up to 50% of the project cost.

For more information on the SBA 504 Program, contact Tracy Whitney at 701.667.7602 or at tracy@lcdgroup.org.

North Dakota Opportunity Fund

The North Dakota Opportunity Fund leverages private financing to help small businesses and manufacturers attain the loans and investments need to expand and create jobs. A consortium of 38 municipalities across North Dakota has received funding for operating the loan participation program.

North Dakota Opportunity Fund Communities

For more information on the North Dakota Opportunity Fund contact Matt Burthold at 701.667.7601 or at matt@lcdgroup.org.

Regional Loan Programs

The Lewis & Clark Regional Development Council has a variety of loan programs to fit the needs of businesses in a ten-county region. Businesses located in Burleigh, Emmons, Grant, Kidder, McLean, Mercer, Morton, Oliver, Sheridan, and Sioux counties are eligible for a variety of loan programs.

For more information on the Regional Loan Programs Fund, contact Matt Burthold at 701.667.7601 or at matt@lcdgroup.org.

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SBA 504 10 Year Rate

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SBA 504 20 Year Rate

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