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Rural Health Information Hub

Dakota Main Street Loan Program

Sponsor
Dakota Business Lending
Deadlines
Applications accepted on an ongoing basis
Purpose

The Main Street Loan Program provides direct loans to small businesses in North Dakota and Minnesota, including healthcare-related businesses, to be used for working capital, inventory, and small equipment.

Eligibility

New and existing small businesses operating in North Dakota and Minnesota are eligible to apply.

Geographic coverage
North Dakota and Minnesota
Amount of funding

Loan maximum: $50,000
Loan minimum: $1,000
Minimum down payment: 10%
Terms: 1-24 months for working capital/inventory and 3-5 years for equipment
Rate: Fixed, established at time of loan approval

Application process

Links to application guidance and forms are available on the program website.

Tagged as
Capital funding · Community and economic development · Healthcare facilities · Minnesota · North Dakota



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.