by LCD Staff | Sep 9, 2019 | Business Loans, Economic Development, Lewis & Clark CDC, SBA 504 Loan
(Sources & Credits: Fundera and Small Business Administration) — There are 28 million small businesses in the United States, accounting for two-thirds of new job growth and roughly half or our nation’s Gross Domestic Product (GDP). Given their importance to...
by LCD Staff | Jul 30, 2019 | Business Loans, Economic Development, Lewis & Clark CDC, Lewis & Clark RDC, North Dakota Opportunity Fund, Programs, Projects, SBA 504 Loan
Lewis & Clark Regional Development Council (RDC) has approved loans through the North Dakota Opportunity Fund for interim financing to purchase and upgrade a business condominium in Bismarck that will house Solid Rock Music. The North Dakota Opportunity Fund will...
by LCD Staff | Jun 6, 2019 | Business Loans, Lewis & Clark CDC, Lewis & Clark RDC, North Dakota Opportunity Fund, SBA 504 Loan
Lewis & Clark Regional Development Council (RDC) has approved a loan through the North Dakota Opportunity Fund for interim financing to purchase and upgrade a property in Dickinson that will allow for the relocation of the Learning Ladder Preschool &...
by Dorothy Martin | Mar 4, 2019 | Programs, SBA 504 Loan
On December 21, the U.S. Senate passed the Small Business ACE Act (H.R. 6348). This new law means that the existing statutory appraisal threshold for 504 loans secured by commercial real estate has been raised from $250,000 to $500,000 to match the federal...
