Help

My business needs money to keep going, what can I do?

Personalize your results

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.

Community Benefit Financial Company Emergency Fund

Otto Bremer Trust
U.S. Citizens and Permanent Residents
North Dakota
  • The fund will primarily provide small grants to qualified organizations
  • CBFC will also help qualified organizations with loan inquiries about the Paycheck Protection Program (PPP) and other appropriate financial resources.

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.

SBA Express Bridge Loans

Small Business Administration
U.S. Citizens and Permanent Residents
North Dakota
  • Up to $25,000
  • Fast turnaround
  • Will be repaid in full or in part by proceeds from the EIDL loan

COVID-19 Family Support Fund

Dickinson Area United Way
U.S. Citizens and Permanent Residents
  • The grants total up to $300 per community partner and must go toward preventing the spreading of the virus.
  • The grant is open to any nonprofit in Stark, Dunn, and Billings counties and is available until funds are exhausted.
  • The last thing we want is for a food pantry, shelter, or WIC provider to think twice about cleaning or sanitizing because it isn’t in the budget.
  • See other eligibility inside.

Barnes County COVID-19 Relief Fund

Sheyenne Valley Community Foundation
U.S. Citizens and Permanent Residents
  • This fund will award emergency grants to nonprofit organizations in Barnes County that provide direct service to those most in need during the pandemic, behavioral health services, and emergency and health care response needs.
  • IRS tax exempt nonprofit organizations, units of Government and/or a church or a tax-exempt school are eligible to apply.
  • See other eligibility inside.

Souris Valley Emergency Response Fund

Souris Valley United Way
U.S. Citizens and Permanent Residents
Ward County
  • If your agency has been impacted either directly or indirectly and are struggling, please click the "Nonprofits" on the linked page for access to the grant request form.

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.

Her Big Idea Fund 2020 Grants

HER BIG IDEA FUND
U.S. Citizens and Permanent Residents

Five finalists will have the opportunity to record videos explaining their idea to be promoted on social media. The two winners will receive mentorship & resources from the Her Big Idea team throughout her year as the 2020 Her Big Idea Fund recipients.

July 1, 2020

Pfund Foundation COVID-19 Response Fund

PFUND Foundation
U.S. Citizens and Permanent Residents
North Dakota
  • This Fund micro grants to individuals and nonprofits that are most affected by the Coronavirus.
  • The first round of grants is prioritizing Low-income residents, Low-income workers in disproportionally impacted industries, Residents with greater health risks.
  • See eligibility inside.

North Dakota Development Fund: Childcare Loan Program

North Dakota Response
U.S. Citizens and Permanent Residents
North Dakota

Childcare Loan Program. Loans to certified daycares to ensure continuity.

  • Up to $100,000
  • 2.5% interest rate

North Dakota Development Fund: Primary Sector Business Loans

North Dakota Response
U.S. Citizens and Permanent Residents
North Dakota

Primary Sector Businesses. Loans and equity investments are available to companies certified as primary sector under the North Dakota Development Fund, Revolving Rural Loan Fund and the Venture Capital Program:

  • Up to $1 million
  • Lower than market interest rate
  • Can be in the form of a loan or equity investment
  • Funding can be used for working capital, equipment or real estate

Rural Growth Incentive Program Emergency Loans. Under this program, the Department may declare an emergency and make loans to “Essential Service Companies.”  These include gas stations; pharmacies; grocers and, in some cases, restaurants.  

  • Communities with less than 2,500 in population are eligible
  • The request to North Dakota Development Fund is a dollar-for-dollar match by the city
  • A community can apply for $25,000 to $75,000 in matching funding
  • Loan terms are based on individual needs

Save Small Business Fund

Save Small Business Fund
U.S. Citizens and Permanent Residents
North Dakota
  • Provides $5,000 grants to small businesses employing between 3 and 20 people, located in an economically vulnerable community that has been harmed financially by the COVID-19 pandemic.
  • See eligibility inside.

Verizon Small Business Recovery Fund

Local Initiatives Support Corporation
U.S. Citizens and Permanent Residents
North Dakota
  • Provides up to $10,000 grants to businesses facing financial pressure because of COVID-19 — especially entrepreneurs of color, women-owned businesses and other historically under-served enterprises.
  • See eiligibility requirements inside.

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

Community Innovation Grant
Bush Foundation
U.S. Citizens and Permanent Residents
North Dakota
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
Small Rural Economic Development Program
ND Department of Transportation
U.S. Citizens and Permanent Residents
North Dakota
USDA Guaranteed Loan Purchase Program
Bank of North Dakota
U.S. Citizens and Permanent Residents
North Dakota
North Dakota Opportunity Fund
Lewis & Clark Regional Development Council
U.S. Citizens and Permanent Residents
North Dakota
Business Storefront Improvement Program
City of Beulah
U.S. Citizens and Permanent Residents
Bottineau County Economic Development Revolving Loan
Bottineau County Economic Development Corporation
U.S. Citizens and Permanent Residents
Bowman-Slope Revolving Loan Fund
Bowman County Development Corporation
U.S. Citizens and Permanent Residents
Business Development Grant
Carrington Job Development Authority
U.S. Citizens and Permanent Residents
Carrington Business Facade Grant Program
Carrington Job Development Authority
U.S. Citizens and Permanent Residents
Carrington Job Credit Grant
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
Grafton Storefront Improvement Program
City of Grafton
U.S. Citizens and Permanent Residents
Downtown Storefront Improvement Program
City of Mandan Business Development
U.S. Citizens and Permanent Residents
Intermediary Relending Program
City of Mandan Business Development
U.S. Citizens and Permanent Residents
Economic Development Assistance for New or Expanding Business
Ellendale Job Development Authority
U.S. Citizens and Permanent Residents
Ellendale Area Community Foundation
Ellendale Job Development Authority
U.S. Citizens and Permanent Residents
The Facade Improvement Program
Forward Devils Lake Corp.
U.S. Citizens and Permanent Residents
GAIA Business Improvement Grant & Loan Buydown Program
Garrison Area Improvement Association
U.S. Citizens and Permanent Residents
GAIA Local Community Development Project Incentive
Garrison Area Improvement Association
U.S. Citizens and Permanent Residents
Store-front Renovation Grant
Hettinger County Job Development Authority
U.S. Citizens and Permanent Residents
Fund ITT Grant Program
Kenmare Community Development Corp.
U.S. Citizens and Permanent Residents
Ward County
Rural Microentrepreneur Assistance Program
Lake Agassiz Development Association
U.S. Citizens and Permanent Residents
North Dakota
Business Enhancement & Beautification Grant
Lisbon Civic & Commerce
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
New Rockford Business Improvement Grant Guidelines
New Rockford Area Betterment Corporation
U.S. Citizens and Permanent Residents
Business Upgrade & Maintenance Program (BUMP)
Oakes Chamber of Commerce
U.S. Citizens and Permanent Residents
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
New Business Grant
Rolla Jobs Development Authority
U.S. Citizens and Permanent Residents
The Community Facade Improvement & Enhancement Development Program
Stark Development Corporation
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
Store Front Improvement Grant Washburn
Washburn Area Economic Development Association
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