North Dakota Development Fund
Jessica Nygaard
jnygaard@nd.gov
701.328.5300
The North Dakota Development Fund coordinates efforts between all 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 fund provides flexible financing through loans and equity investments not available from most conventional lenders, and is available to new and expanding primary-sector businesses. The Development Fund also administers the Regional Rural Revolving Loan Fund, which provides funding for primary-sector projects located in a community of less than 8,000 in population or located more than 5 miles outside the city limits.
The fund is a secondary source of financing, subordinate to private sources. If a business is unable to handle added debt, the Development Fund can take an equity financing position.
Contact Jessica Nygaard to discuss eligibility.
Loan amounts are based on project type and need.
Contact Jessica Nygaard to discuss the project and the application process.
For complete information about funding programs, including your
application status, please contact funders directly. Summaries are provided
for your convenience only. RHIhub does not take part in application processes
or monitor application status.