ND Small Business Lending: The SBA 504 Program & More
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 getting a small business loan in ND, contact Ashley Hruby at 701.667.7607 or at email@example.com.
SBA 504 10 Year Rate
SBA 504 20 Year Rate
SBA 504 25 Year Rate
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 firstname.lastname@example.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 email@example.com.
Meat and Poultry Intermediary Lending Program (MPILP)
The Meat and Poultry Intermediary Lending Program (MPILP) is provided through a USDA Rural
Development grant to Lewis & Clark Development Group to provide loans to expand existing meat
processing businesses and build new operations throughout North Dakota – one of America’s top ten
beef producing states.
For more information about MPILP, contact Chris Masse at 701.667.7602 or at firstname.lastname@example.org.
LCD Group Success Stories
"It was a good year." That's the assessment Lewis & Clark Development Group Commercial Lending Director Matt Burthold offers when he looks back on the projects financed through the...
Late last year, USDA Rural Development awarded a $10 million grant to Lewis & Clark Development Group to create a new Revolving Loan Fund (RLF) for North Dakota's meat and poultry industry. The...
Twenty-three years ago, Shane Scott was fresh out of college when he started working in the lumber industry. At the time, like so many college graduates, Shane took the job because he needed one....