LCD GROUP NEWS
News, Upcoming Events, and AnnouncementsN.D. Opportunity Fund provides financing for new veterinary clinic in Turtle Lake
Lewis and 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 Turtle Lake for a new business, North Country Veterinary Clinic. A portion of the long-term...
read moreA big boost to small businesses: SBA 504 Loan appraisal threshold is raised
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...
read moreLCD Group secures loan through N.D. Opportunity Fund for Watford City businesses
Lewis & Clark Development Group has approved a loan through the North Dakota Opportunity Fund for a portion of the funding to purchase and renovate a building on Watford City's Main Street that will be the new location for a dentist's office and architectural...
read moreNorth Dakota Opportunity Fund helps ensure Snap-on Tools franchise route continues for Dickinson
Lewis & Clark RDC, through the North Dakota Opportunity Fund, recently approved and closed a loan for the portion of the funding to secure the franchise. Dakota Western Bank of Scranton is the lead bank on the project. Thanks to the Lewis & Clark Regional...
read moreRegional Council approves loan for new Mandan restaurant
Residents and visitors to Mandan will soon have another dining option and 40 new full- and part-time jobs will be created thanks, in part, to the Lewis & Clark Regional Development Council. The Council recently approved a loan through its Intermediary Relending...
read moreCommunityWorks’ Century Cottages project receives almost $1.5 million boost
The North Dakota Housing Finance Agency has awarded development assistance to the Century Cottages, a CommunityWorks North Dakota project located on Century Avenue in Bismarck. NDHFA awarded $788,000 through the Low Income Housing Tax Credit (LIHTC) program to the...
read moreThanks to Revolving Loan Fund, Quality Electric is connecting the region
One of the real, if sometimes under-appreciated, benefits of Lewis & Clark Development Group's Revolving Loan Fund are the significant impacts it has on communities. The fund, which provides critical capital to businesses, is helping many of these businesses...
read moreState’s regional councils focusing on greater collaboration
Lewis & Clark Development Group recently hosted a gathering of the state's regional council executive directors for a peer review conducted by the U.S. Department of Commerce's Economic Development Administration's (EDA) Denver Regional Office. In accordance with...
read more“A textbook example” of LCD Group’s ability to assist small businesses
Lewis & Clark Development Group recently approved a loan package, in partnership with lead lender Starion Bank of Mandan, to assist Ideal Tire, LLC to own and operate the Big O Tire Store. LCD Group provided approximately 35 percent of the total financial...
read moreLCD Group financing helped bring Bennigans to Mandan, meet demand for casual dining
Bennigan's, the international restaurant chain, opened its latest restaurant in northwest Mandan on August 20. The Irish inspired restaurant helps fill an estimated $10 million demand for a sit down casual dining restaurant in Mandan. It also marks a major comeback...
read more