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Development Fund


Business in need of equity financing can look to the Development Fund as a possible solution.

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 any primary sector business with the exception of production agriculture. 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 five miles outside the city limits. 

The fund is a source of financing whose funds can be subordinated to a company's lead lender. If a business can't handle added debt, the Development Fund can take an equity financing position.

Development Fund Fact Sheet     Online Banking Login


Primary Sector Business

Primary sector includes individuals and businesses which, through the employment of knowledge or labor, add value to a product, process or service that results in the creation of new wealth. Primary sector includes tourism and specific types of investor-owned agriculture and is typically businesses such as manufacturers, food processors or export service companies. Investor-owned agriculture includes livestock feeding or milking operations or other value-added agriculture located apart from an individual farm operation that is professionally managed and has employees.
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