LOAN AMOUNT (UP TO):
- $3,000,000
DESCRIPTION:
- The North Dakota Development Fund, Inc. (NDDF) provides “flexible gap financing” through loans and equity investments not available from most conventional lenders or investors for the purpose of economic development.
- The NDDF coordinates efforts between the sources of financing, the business, and the community. Any project considered for this financing must be feasible and have a reasonable chance of succeeding.
- The NDDF makes investments of up to $3,000,000 through innovative financing mechanisms including direct loans, participation loans, and subordinated debt and equity investments.
ELIGIBILITY:
Funds are available to new and expanding North Dakota primary sector businesses.
DEADLINE:
- Ongoing