Business Micro Loans
PWDF has $5,000 Business Micro Loans available. These matching loans are for existing and start-up businesses in Golden Valley or Billings Counties at 2% below prime. Loan funds can only be committed to the extent available. The maximum loan cannot exceed $5,000. For more information contact Deb at 701-872-3121.

Primary Sector Business Certification
To qualify for New Jobs Training Funds through the North Dakota Job Service you must complete the application and be accepted as a "primary sector business" for the state of North Dakota.

This is an interest buy down program funded by local government and the Bank of North Dakota. There are no loan size limitations or set owner equity requirements. Funds can be used for working capital and fixed assets. The loan can be written down to a maximum of 5% below prime. The PACE Loan Fund assists North Dakota communities to expand their economic base by providing for new job development.

Flex PACE Loan
The PACE family of programs at Bank of North Dakota is designed to encourage specific types of economic activity within the State of North Dakota. In general terms, PACE provides an interest buy down that can reduce the borrower’s rate of interest by as much as 5%. The Flex PACE feature of the PACE program provides interest buy downs to borrowers that do not fit into the traditional definition of a PACE qualifying business. Under Flex PACE, the community determines eligibility and accountability standards. Flex PACE allows communities the ability to provide assistance to borrowers with a business focus or need outside of the current requirements of PACE, such as jobs retention, technology creation with no new jobs, retail, smaller tourist businesses and essential community services.

Bank of North Dakota (BND)
Located in Bismarck, North Dakota, BND is the only state-owned bank in the nation. Its mission, established by legislative action in 1919, is to encourage and promote agriculture, commerce and industry in North Dakota. In this role, the Bank acts as a funding resource in partnership with other financial institutions, economic development groups and guarantee agencies.

Small Business Development Center
The Office of Small Business Development Centers (SBDC) provides management assistance to current and prospective small business owners. SBDCs offer one-stop assistance to individuals and small businesses by providing a wide variety of information and guidance in central and easily accessible branch locations. The program is a cooperative effort of the private sector, the educational community and federal, state and local governments and is an integral component of Entrepreneurial Development's network of training and counseling services. The SBDC office is co-located with the Prairie West Development Foundation at
55 1st Street SE
Beach, ND
Phone: 701-872-3121

Agricultural Products Utilization Commission (APUC)
The Commission promotes the development of new and expanded uses of North Dakota Agricultural products. APUC provides grants for research, feasibility studies and marketing for agricultural and value-added projects.

Workforce 20/20

A program to assist North Dakota businesses and industries in retraining and upgrading worker's skills to meet demands of new technologies and work methods. Workforce 20/20 provides funding assistance to businesses to offset training costs for current workers and new employees when the business is new to the state, expanding employment in the state, introducing new technologies or introducing new production methods.

Work Opportunity Tax Credit (WOTC)

WOTC is a federally funded program designed to encourage employers in the private sector to hire qualified job seekers (from 9 target groups) who face barriers to gainful employment. The Small Business and Work Opportunity Tax Act of 2007 extended this program through August 31, 2011.

North Dakota Tax Incentives for Business
The purpose of this program is to provide:
  • No interstate sales tax on phone line communication
  • No sales and use taxes on machinery and equipment as well as utilities
  • Reduced sales tax on natural gas

For more information, view the North Dakota Tax Incentives for Business (PDF).

SBA 504
The Small Business Association (SBA) 504 makes fixed-rate long-term loans on fixed assets. Funding limits (SBA share of loan) are $1,000,000 or 40% of project cost whichever is less. Interest rate on SBA share is US Treasury note plus 1%. SBA will take a 2nd mortgage and requires owner equity of a minimum of 10%.

North Dakota Roots Program-Home Ownership
Owning your own home and establishing roots in a community are very much a part of the American dream. The North Dakota Housing Finance Agency (NDHFA) is pleased to be able to help new and returning North Dakotans achieve their American Dream through our North Dakota Roots Program. North Dakota Roots provides new North Dakotans with either a below market interest rate loan or a market interest rate loan that includes down payment and closing costs assistance.

SCORE, "Counselors to America's Small Business," is a nonprofit association dedicated to educating entrepreneurs and the formation, growth and success of small business nationwide. SCORE is a resource partner with the U.S. Small Business Administration (SBA). SCORE is headquartered in Herndon, VA and Washington, DC and has 370 chapters throughout the United States and its territories, with 11,200 volunteers nationwide. Both working and retired executives and business owners donate time and expertise as business counselors. SCORE was founded in 1964. We are America's premier source of free and confidential small business advice for entrepreneurs. Get free business advice now!