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Major assistance programs

SBA Economic Injury Disaster Loans (EIDLs)

Small Business Administration
U.S. Citizens and Permanent Residents
North Dakota
  • This loan will provide up to $10,000 in relief funds.
  • The EIDLs are designed to provide economic relief to businesses that are currently experiencing a temporary loss of revenue.
  • This loan advance will not have to be repaid.
  • See inside for eligibility.

SBA Debt Relief Program

Small Business Administration
U.S. Citizens and Permanent Residents
North Dakota
  • As part of SBA's COVID-19 debt relief efforts, they will pay 6 months of principal, interest, and any associated fees that borrowers owe for all current 7(a), 504, and Microloans in regular servicing status as well as new 7(a), 504, and Microloans disbursed prior to September 27, 2020.
  • Borrowers do not need to apply for this assistance. It will be automatically provided. See all terms inside.

Go Fund Me Small Business Relief Initiative

Go Fund Me
U.S. Citizens and Permanent Residents
North Dakota
  • If you raise $500 through GoFundMe, they will match you with a grant of $500.

COVID-19 PACE Recovery (CPR) Program

Bank of North Dakota
U.S. Citizens and Permanent Residents
North Dakota
  • For businesses of 500 or fewer employees: Maximum loan amount is $5,000,000 or six months of operating expenses plus interest
  • For businesses of 501 employees or more: Maximum loan amount is $10,000,000 or six months of operating expenses plus interest
  • Maximum buydown amount from the Bank of ND is $500,000 per biennium, per borrower. A Borrower is defined as an individual, corporation, limited liability company, partnership, association or any combination of these if there is common ownership.

Proceeds may be used to:

  • Support working capital needs of a business in the state of North Dakota
  • Term out COVID-19-related bridge loans or pay credit card debt originated on or after March 13, 2020. This amount may not exceed 20% of the maximum loan amount.

November 30, 2020

Small Employer Loan Fund (SELF)

Bank of North Dakota
U.S. Citizens and Permanent Residents
North Dakota

The maximum loan amount per borrower is equal to six months of operating expenses plus interest as well as any amount needed to replenish inventory, or a maximum loan of $50,000, whichever is less.

Proceeds shall be used to:

  • Support working capital needs, recurring expenses and replenish inventory. The purpose of restart inventory is to restock a quantity that enables a business to operate at pre-pandemic levels.
  • Term out COVID-19-related bridge loans or credit card debt originated on or after March 13, 2020. This amount may not exceed 20% of the maximum loan amount.

November 30, 2020

PayPal Empowerment Grants for Black Businesses Program

Association for Enterprise Opportunity
U.S. Citizens and Permanent Residents
North Dakota
  • Receive up to $10,000 in funds
  • Funds can be used for: layoff aversion, repairing property damage, covering operational costs, new products and services, marketing to customers
August 31, 2020

Business for All and COVID-19 Grant Contest

Hello Alice
U.S. Citizens and Permanent Residents
North Dakota
  • One-time grants of $10,000  
  • If a business is not selected for immediate COVID-19 grant support, they will still be in consideration for the larger $50,000 Business for All grant distributed in November 2020
  • All grant applicants will receive access to business growth opportunities and support from the Hello Alice community
July 16, 2020

Minnesota Small Business Relief Grants

Minnesota Employment & Economic Development
U.S. Citizens and Permanent Residents
Minnesota

This program will make available $10,000 grants to Minnesotan owned and operated businesses that can demonstrate financial hardship as a result of the COVID-19 outbreak. A total of $60.3 million is available for grant awards which will be selected through a computer-generated, randomized selection process.

Awards will be disbursed and administered by qualified local and regionally based nonprofit organizations. Grant funds received by individual businesses shall be used for working capital to support payroll expenses, rent, mortgage payments, utility bills, and other similar expenses that occur or have occurred since March 1, 2020, in the regular course of business. These are grants and no repayment will be required.

July 2, 2020

The Bush Foundation CARES Fund

North Dakota Council on the Arts
U.S. Citizens and Permanent Residents
North Dakota
  • Individual Artists have two grant options available: $500 or $1000
  • These funds are to be solely for one or more of the following purposes: Lost Revenue, Fee Support, Rent and Utilities.
June 22, 2020

SBA Paycheck Protection Program (PPP)

Small Business Administration
U.S. Citizens and Permanent Residents
North Dakota
  • The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll.
  • SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities.
  • See eligibility inside.

Wefunder Crisis Loan Crowdfunded

Wefunder
U.S. Citizens and Permanent Residents
North Dakota
  • Wefunder is the largest funding portal: over 130M funded!
  • Wefunder allows people to support the businesses they care about by making investments or loans of as little as $100.
  • In response to COVID-19, Wefunder has created a revenue share agreement for emergency funding that is flexible and small business-friendly.
  • See how to apply inside.

Digital Support for Local Businesses

The Nice Center
U.S. Citizens and Permanent Residents
North Dakota
  • Setting up an online store
  • Marketing the new ways you continue to serve your customers
  • Branding and design
  • Online ordering and sales processes

Open Road Alliance COVID-19 Loan Programs

Open Road Alliance
U.S. Citizens and Permanent Residents
North Dakota

Loans

Open Road will be offering four loan products to organizations affected by COVID-19:

  • Lost Event Revenue
  • Accelerating Incoming Emergency Funds
  • Co-investment to Support Social Enterprises
  • Deep Impact Loans

4R Project

ND SBDC
U.S. Citizens and Permanent Residents
North Dakota
  • This program provides business advising, training and education resources to small businesses that have experienced any impact or change in their normal operations due to COVID-19.

Minnesota Small Business Loan Guarantee Program

Minnesota Department of Employment and Economic Development
U.S. Citizens and Permanent Residents
Minnesota
  • The program will provide an 80% guarantee up to a maximum of $200,000.
  • Allowable loan uses must be exclusively in Minnesota and include machinery or equipment purchases, maintenance, or repair; expenses related to moving into or within Minnesota; and working capital when the working capital is secured by fixed assets when possible.

IFundWomen of Color Cohort

IFundWomen
U.S. Citizens and Permanent Residents
  • access to capital through crowdfunding and grants!
  • coaches and mentors with a shared experience!
  • a private network to collaborate and celebrate with!

IFundWomen of Color Crowdfunding

IFundWomen
U.S. Citizens and Permanent Residents

IFundWomen offers expert crowdfunding coaching, from people who have actually crowdfunded.

They offer Flexibility:

  • Flexible funding: You keep what you raise, and you start getting working capital, i.e. cash, in your bank account right away. No waiting until your campaign is over.
  • Flexible dates: You can adjust your start and end dates as many times as you need to.
  • Flexible Rewards: You can put rewards on sale, delete the ones that aren't selling, or change out images and titles. Everything to do with rewards is changeable, even after your campaign starts.
  • Flexible goal: Most likely, you will not need to change your goal, but if you need to, you can on IFundWomen.

& they also offer professional video and creative production services to help you tell your story!

Other benefits include:

  • Monthly Pay-It-Forward Grants: 20% of revenue from standard fees get reinvested into live campaigns on the site.
  • Access to exclusive Slack network with IFundWomen Coaches and our crew of supportive entrepreneurs who are crowdfunding alongside you.
  • Free Crowdfunding eCourse teaches you how to successfully crowdfund from end-to-end.

Contagion Mitigation Planning

Health Support Systems, LLC
U.S. Citizens and Permanent Residents
North Dakota

Stay Open

Our contagion mitigation services can help businesses keep their doors open longer, reduce the time business operations are shut down, or even help a closed business get up and running again more quickly. No one should have to choose between keeping employees safe and staying in business.

Reduced Chance of Staff Sickness

Numbers talk. Even a slight reduction in lost staff hours due to illness will reap significant cost savings for any business saving them thousands and thousands of dollars. Of course, the goal is to recoup any many “staff sick days” as possible by keeping them safe and healthy, through targeted, consistent daily efforts.

IT Vendor Access

Health Support Systems, LLC has partnered with a local Information Technology company to help ensure businesses are able to safely allow staff to work from home.

Continuing Education & Training

Mitigating infectious diseases risks aren’t a one-time operation. We offer as a part of our Contagion Certificate complementary OSHA Personal Protective Training, Soap & Sanitization training, Employee training logging, and more.

Contagion Mitigation Certificate

Communicating that a business facility is safe both to guests and staff is important to provide an efficient workplace. The Contagion Mitigation Certificate sends a clear message that your business not only cares about its staff and clients wellbeing but that they have the training to keep them safe and healthy when an infectious disease is circulating.

SBA Microloan Program

Lake Agassiz Development Group
U.S. Citizens and Permanent Residents
North Dakota
  • Fixed-rate financing for new and existing small businesses in North Dakota.
  • Eligible entrepreneurs can access as much as $50,000 for working capital, inventory and equipment needs.

The Doonie Fund

Digital Undivided
U.S. Citizens and Permanent Residents

The Doonie Fund makes micro investments in Black women entrepreneurs. Founded by digital undivided CEO, Kathryn Finney, the fund is named after her grandmother, Kathryn “Doonie” Hale, who inspired her entrepreneurial journey and encouraged her to stay in the arena.

Since its inception on April 5th, 2020, the fund has invested in over 500 black women entrepreneurs.

Moms Give Life, Moms Give Community, Fund

Moms As Entrepreneurs
U.S. Citizens and Permanent Residents
  • Grants of $500-$1,000 will be given to mom-owned businesses in all industries

Grant Writing Support

The Nice Center
U.S. Citizens and Permanent Residents
North Dakota
  • Support in locating funding resources for your organization
  • Grant writing services and administrative support in applying for funding

More assistance programs

Business and Industry Guaranteed Loan Program (B&I)
USDA Rural Development
U.S. Citizens and Permanent Residents
North Dakota
SBA ILP (Intermediary Lending Pilot Program)
Dakota Business Lending
U.S. Citizens and Permanent Residents
North Dakota
Bowman-Slope Revolving Loan Fund
Bowman County Development Corporation
U.S. Citizens and Permanent Residents
Carrington Business Facade Grant Program
Carrington Job Development Authority
U.S. Citizens and Permanent Residents
Cavalier County JDA Revolving Loan Fund
Cavalier County Job Development Authority
U.S. Citizens and Permanent Residents
Cavalier County Loan Pool
Cavalier County Job Development Authority
U.S. Citizens and Permanent Residents
Langdon City Sales Tax Economic Development Fund
Cavalier County Job Development Authority
U.S. Citizens and Permanent Residents
Storefront Improvement Program
Cavalier County Job Development Authority
U.S. Citizens and Permanent Residents
Business Incentives for City of Forman
City of Forman
U.S. Citizens and Permanent Residents
Forman's Commercial Property Tax Incentives
City of Forman
U.S. Citizens and Permanent Residents
Minot Area Growth through Investment and Cooperation (MAGIC Fund)
Minot Area Development Corporation
U.S. Citizens and Permanent Residents
Ward County
Community Development Loan Fund
Souris Basin Planning Council
U.S. Citizens and Permanent Residents
North Dakota
Prairie West Development Foundation
Prairie West Development
U.S. Citizens and Permanent Residents
Renville County Job Development Authority Loan Fund
Renville County Job Development Authority
U.S. Citizens and Permanent Residents
Wishek JDA Signage Grant
Wishek Job Development Authority
U.S. Citizens and Permanent Residents
Wishek JDA General Grant
Wishek Job Development Authority
U.S. Citizens and Permanent Residents

Special assistance programs

Coming soon

Red Backpack Fund
Global Giving
U.S. Citizens and Permanent Residents
North Dakota
North Dakota
Coronavirus Food Assistance Program (CFAP)
U.S. Department of Agriculture
U.S. Citizens and Permanent Residents
North Dakota
North Dakota
August 28, 2020
Facebook Small Business Grants
Facebook
U.S. Citizens and Permanent Residents
North Dakota
North Dakota