Businesses located in Burleigh, Emmons, Grant, Kidder, McLean, Mercer, Morton, Oliver, Sheridan, and Sioux counties are eligible to apply for range of loan programs.

Frequently Asked Questions

 

What are the eligibility requirements for these programs?

 Our regional loan programs are designed for projects in our designated 10 county region. All for-profit not-for-profit businesses along with cooperatives are eligible to apply for funding, which may used for real estate, equipment, inventory, and working capital.

 

Are there any specific criteria to apply?

 Applicants must document their ability to service the debt, have satisfactory credit history, offer acceptable collateral, and show that new jobs will be created or current jobs will be saved.

 

What are the rates, terms, and fees?

 Rates are determined on a project-by-project basis, but generally are below market rate. Terms vary based on the useful life of the collateral. And borrowers are generally required to pay an origination fee and all hard costs.

 

Whom should I need to contact?

Matt Burthold will be happy to assist you.

(701) 667-7601

matt@lcdgroup.org

Are you an individual, business, or government rep looking for funding?