Main Street Loan Program (North Dakota)
Last modified on February 12, 2015.
|Applies to States or Provinces||North Dakota|
|Name||Main Street Loan Program (North Dakota)|
|Policy Category||Financial Incentive|
|Policy Type||Loan Program|
|Affected Technologies||Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Wind energy|
|Program Administrator||Dakota Certified Development Corporation|
The Main Street Loan Program loans of up to $24,999 through the Certified Development Corporation (CDC) in participation with local lenders or economic development organizations for small businesses looking to expand or to start a new business. Loans can be used for any working capital or for small equipment inventory. Only businesses located in North Dakota are eligible to benefit from the Main Street Loan Program. The financing request will be subject to both the local lenders or local economic development organizations credit review as well as Dakota CDC’s credit evaluation.