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 North Dakota Department of Commerce
 1600 E. Century Ave. Suite 2
 Bismarck, ND 58503

USDA/SBA Programs

The U.S. Department of Agriculture’s (USDA) Rural Development, and the Small Business Administration (SBA) offer a variety of financing programs for companies.  Rural Development focuses on loan guarantees, grants and direct loans; SBA offers lending, guaranty and equity investment programs.

Rural Development Business-Cooperative Programs

Eight different programs exist within the Business-Cooperative Programs for businesses.  They include:

  • Business and Industry Guaranteed Loans
  • Rural Business Enterprise Grants
  • Rural Business Opportunity Grants
  • Rural Cooperative Development Grants
  • Intermediary Relending Program
  • Rural Economic Development Loans and Grants
  • Value-Added Producer Grants
  • Renewable Energy & Energy Efficiency Grants

Through its Rural Business-Cooperative Programs, Rural Development funded 63 North Dakota projects totaling $30,229,498 in fiscal year 2001; 52 projects totaling $42,674,490 in fiscal year 2002; and 58 projects totaling $42,783,048 in fiscal year 2003.

SBA Financial Assistance

SBA’s finance programs enhance the ability of lenders to provide long- and short-term loans to small businesses that might not qualify through normal lending channels.  There are four basic types of SBA lending, guaranty and equity investment programs available:

  • 7(a) Loan Guaranty Program
  • 7(m) Microloan Program
  • 504 Certified Development Company Loan
  • Small Business Investment Company

In 2001, SBA loaned or guaranteed $65,166,100 toward 280 projects in 70 North Dakota communities.  In 2002, SBA loaned or guaranteed $57,133,350 toward 261 projects in 89 North Dakota communities. 

Related Links:

USDA Rural Development

Small Business Administration

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