Coronavirus (COVID-19) Relief Center
Coronavirus (COVID-19) Relief Center
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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.
Description of Program and Relief
Small Employer Loan Fund (SELF)
This program provides loans to North Dakota small businesses to cover working capital needs, recurring expenses and inventory costs.
Loan Limit/Amount
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The loan amount is up to $50,000.
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The maximum loan amount 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.
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Interest rate: Fixed at 1%.
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Fees: BND will pay a one-time service fee to the lead financial institution of $250 or 1% of loan amount on loans over $25,000.
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Loan term: 120 months. There is no pre-payment penalty.
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Payments must be made monthly; principal and interest payments will be deferred for six months.
Interest Rate and Fees
Loan Terms
Government or Lead Agency
North Dakota Industrial Commission and Bank of North Dakota
Dates Available
Effective April 29, 2020
Eligibility Requirements/Restrictions
Application Deadlines (If Applicable)
November 30, 2020
Contact for More Information
Borrower’s Local Lender
List of Additional Information
© 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.