Help

Entrepreneurs and Start-ups

No items found.

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

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

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

Indigenous Arts and Entrepreneurship Grant

NDN Collective
U.S. Citizens and Permanent Residents
North Dakota
  • The fund is designed to provide grants to Indigenous artists and entrepreneurs who have been economically impacted by the COVID-19 pandemic.
  • The Fund will provide grants of up to $5,000 to ease these current hardships in this time of economic uncertainty.
  • All businesses under 500 employees, including both registered and unregistered businesses, self-employed businesses and independent contractors, and consultants.

Emerging Entrepreneur Loan Program

Minnesota Department of Employment and Economic Development
U.S. Citizens and Permanent Residents
Minnesota
  • The minimum amount provided by DEED for a loan is $5,000 and the maximum is $150,000.
  • The program will finance a variety of start-up and expansion costs, including normal expenses such as machinery and equipment, inventory and receivables, working capital, new construction, renovation, and site acquisition. Financing of existing debt is not permitted.

Launch MN Grant - Housing-Childcare

Launch Minnesota
U.S. Citizens and Permanent Residents
Minnesota
  • Qualifying entrepreneurs receive grants up to $7,500

The Booz Allen Foundation Innovation Fund

Booz Allen Foundation
U.S. Citizens and Permanent Residents
North Dakota
  • Nonprofits can apply for grants of up to $100,000.
  • Individuals, teams of individuals, and eligible for-profit organizations can apply for micro-grants of up to $10,000.
  • Through the Innovation Fund, the Foundation is specifically targeting solutions and projects that will build lasting community resilience through protecting vulnerable populations and frontline workers or providing for the safe return to work.
June 5, 2020

Microsoft - 6 Months Free Tools

Microsoft
U.S. Citizens and Permanent Residents
North Dakota
  • Web-based Office apps and business services. Office desktop apps not included
  • Get email, file storage and sharing, meetings, and instant messaging
  • Five layers of security and monitoring help keep your data safe
  • Guaranteed 99.9% uptime




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.

MN Reservist and Veteran Business Loan Program

Minnesota Department of Employment and Economic Development
U.S. Citizens and Permanent Residents
Minnesota
  • One-time, interest-free loans of $5,000 to $20,000.

Beginning Entrepreneur Loan Guarantee Program

Bank of North Dakota
U.S. Citizens and Permanent Residents
North Dakota
  • BND may approve a guarantee on a loan up to $5,000 to a beginning entrepreneur for business startup expenses including accounting, legal and business planning.
  • The Bank may approve a guarantee on a loan up to $25,000 without requiring collateral for the loan.
  • See eligibility inside.

SBA 7a Community Advantage Program

Dakota Business Lending
U.S. Citizens and Permanent Residents
North Dakota
  • This program is designed to provide a financing option for small business start‐ups in underserved communities.
  • Loan up to $250,000 (minimum 10% down payment).
  • See financing categories inside.

Interest Buy-down program

Hettinger County Job Development Authority
U.S. Citizens and Permanent Residents
  • Available in Hettinger County
  • Loans of up to $5,000 for business start-up and development

Bowman-Slope Revolving Loan Fund

Bowman County Development Corporation
U.S. Citizens and Permanent Residents
  • The Bowman-Slope Revolving Loan Fund was created to help business start-ups and expansions within Bowman and Slope Counties.
  • Funds are generally used to buy down interest on loans for equipment, some renovation and other projects.

Storefront Improvement Program

Cavalier County Job Development Authority
U.S. Citizens and Permanent Residents
  • Funds available for businesses in Cavalier County.
  • Funds will be structured as a 0% loan, payable in $100.00 monthly installments until the loan is satisfied.
  • Applicable to businesses located in the Reanissance Zone.
  • Up to $5,000.00 available to an individual business based on actual invoices.

Business Incentives for City of Forman

City of Forman
U.S. Citizens and Permanent Residents
  • The city of Forman offers incentives to assist new and existing businesses in town.
  • These incentives include city utility incentives and grants for startups, enhancements, and expansions.

Forman's Commercial Property Tax Incentives

City of Forman
U.S. Citizens and Permanent Residents
  • The City of Forman has created these tax incentives for businesses that are new startups, renovating, or expanding.
  • Click the link to see the incentive rates.

Intermediary Relending Program

City of Mandan Business Development
U.S. Citizens and Permanent Residents
  • Two separate $1 million revolving loan pools were created in 2007 and 2009 to assist with business start-ups, expansions and retention in Mandan and the surrounding 10-mile radius within Morton County.
  • The IRP loan can be no more than 50% of total financing needs with a maximum of $250,000 per project.
  • Most loans are approved for 10 to 25% of the financing package.

Economic Development Assistance for New or Expanding Business

Ellendale Job Development Authority
U.S. Citizens and Permanent Residents
  • This program offers assistance for new or expanding business in Ellendale, ND.

The Facade Improvement Program

Forward Devils Lake Corp.
U.S. Citizens and Permanent Residents
  • Devils Lake has created a series of incentive programs for potential and existing businesses in the area.
  • $5,000, $7,500 or $10,000 interest free loan
  • Loan money received is put back into the fund to keep it revolving

Rural Microentrepreneur Assistance Program

Lake Agassiz Development Association
U.S. Citizens and Permanent Residents
North Dakota
  • This program provides funds to boost small business development, create new jobs, and strengthen economies in rural communities.
  • LADG also offers assistance to entrepreneurs who participate in the program and need access to additional tools to help their businesses succeed.

Renville County Job Development Authority Loan Fund

Renville County Job Development Authority
U.S. Citizens and Permanent Residents
  • The intent of this fund is to provide financing incentives to business start-ups and expansions within Renville County.
  • The primary purpose is to create new jobs, save existing jobs, expand the local tax base, increase capital investment, and expand the primary sector and financial base of the area.
  • There is some flexibility within this program, and funds are distributed at the discretion of the RCJDA board.
  • All loans are interest-free.

Special resources