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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

Rural Growth Incentive Program Emergency Loans

The North Dakota Department of Commerce has declared an emergency and can make loans through its rural growth incentive program to cities who in turn provide these loans (and matching dollar-for-dollar funding between $25,000 and $75,000) to “Essential Service Companies.” “Essential Service Companies” include gas stations, pharmacies, grocers and, in some cases, restaurants.

Companies interested in these loans should coordinate with their city to file applications.

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) the city must have a population of less than 2,500; (ii) borrower and its equityholders must provide corporate and personal guarantees on the loan; and (iii) the recipient of the loans must be a North Dakota business that provides a community an essential service with North Dakota Department of Commerce Commissioner approval.

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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