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North Dakota

These resources – like the public health crisis itself – are constantly evolving and are only current as to the date of publication. This page was last updated on August 4, 2020.

For more up-to-date information on the relief programs available in North Dakota, we recommend that you visit the state’s COVID-19 Resources website.

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Description of Program and Relief

Childcare Loan Program

Loans to certified daycares to ensure continuity of services. Loans can be up to $100,000 and have an interest rate of 2.5%.

Government or Lead Agency

North Dakota Department of Commerce

Dates Available

Available now

Eligibility Requirements/Restrictions

In order for a borrower to be eligible for these loans, it must meet the following eligibility requirements: (i) borrower must be a licensed childcare provider and (ii) borrower and its equityholders must provide corporate and personal guarantees on the loan.

Application Deadlines (If Applicable)

N/A

Contact for More Information

zwmanstrom@nd.gov

List of Additional Information

https://www.business.nd.gov/development_fund/NDDFPrograms/


© 2021 Paul, Weiss, Rifkind, Wharton & Garrison LLP. This does not constitute legal advice and does not create an attorney-client relationship. In some jurisdictions, this publication may be considered attorney advertising. Past representations are no guarantee of future outcomes.

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