Main Street Program

Supporting the entrepreneurial spirit

Why choose Main Street: Start-up and/or growing small businesses including home-based businesses may benefit from these fixed-rate loans to finance working capital, inventory and small equipment. Dakota CDC participates with local lenders and also makes direct loans to businesses.

The purpose of Dakota CDC Main Street Program is to encourage the creation, stability, and expansion of small businesses in North Dakota. The Main Street Program may provide financing in participation with a local economic development entity to assist emerging businesses as well as support their job retention mission. Dakota CDC intends to be an integral part of the economic growth and development of entrepreneurial activity in North Dakota.

Loan amounts: $1,000 – $35,000

Down payment: Minimum 10%

Eligible projects: Working capital, inventory, small equipment

Eligible businesses: Small Businesses (new or existing) operating in North Dakota. Talk with Dakota CDC for a complete list of eligibility requirements.

Collateral and security: Personal guaranty; 1st lien assets, cosigners, etc.

Term: Working capital: 1-18 months, Equipment: up to 3 years, Maximum: 5 years

Rates: Fixed rate (established at time of loan approval)

Other questions? See our FAQ

Contact us to discuss project feasibility and details of this and other loan programs.