Loan AMOUNT (UP TO):
$400,000
DETAILS:
Your Southwest North Dakota resource to support business, build resilient communities, increase economic diversity, and create and retain jobs.
Use of Funds
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Business start-ups, expansions, acquisitions, construction, and refinancing
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Purchase of real estate
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Equipment
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Working capital
ELIGIBILITY:
Standard Terms:
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$400,000 Loan Maximum
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10% Equity Requirement
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Per Loan Interest Rates Determined
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Personal Guarantee Required
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5-25 Year Maximum Terms
DEADLINE:
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Ongoing