Programs to Assist North Dakota Businesses With Pandemic Recovery

North Dakota District Office

u s small business administration

SBA Update

Paycheck Protection Program: The SBA is accepting Paycheck Protection Program applications from participating lenders. Contact your local lender or visit SBA's Paycheck Protection Program website to learn more. FAQs are updated regularly.

Economic Injury Disaster Loans (EIDL) & Advances: The SBA is unable to accept new applications at this time for the EIDL-COVID-19 related assistance program, including EIDL Advances, based on available appropriations funding. Applicants who have already submitted their applications will continue to be processed on a first-come, first-served basis.

Previous EIDL & Advances Status: If you submitted an application, received correspondence from SBA, and have a loan number that begins with a “3”, you are in the queue and your patience is appreciated. If you would like to further inquire about the process and understand what to expect next you should contact the Office of Disaster Assistance 24/7 Customer Service line at 800-659-2955. 

Beware of Scams and Fraud Schemes: Fraudsters are targeting small business owners during these economically difficult times. Be on the lookout for grant fraud, loan fraud, and phishing. Learn more on SBA's Scams and Fraud Alerts website.

Virtual Mentoring and Training: SBA's resource partners - SCORE, Small Business Development Centers, Women’s Business Centers, and Veterans Business Outreach Centers - are providing free business mentoring and training by phone, email, and video. Find an SBA resource partner near you.

North Dakota Update

The Bank of North Dakota (BND) is offering two financing programs to assist North Dakota businesses in obtaining long-term, low-interest loans to assist in the state's economic recovery from the COVID-19 pandemic. The loan programs will help both small and large businesses secure working capital and replenish inventory.

The Small Employer Loan Fund (SELF) will provide a loan of up to $50,000 to small businesses with a full-time employee equivalent (FTE) of 10 employees or less. These loans may be used for working capital, recurring expenses and replenishing inventory. Business owners will work with their local lender to access the program. The loan has a maximum term of 10 years and a fixed interest rate of 1%, with deferral of loan payments for up to six months.

The COVID-19 PACE Recovery Program (CPRP) will provide a loan of up to $5 million for businesses of less than 500 employees and a loan of up to $10 million for businesses with more than 500 employees. Loan payments may be deferred for up to six months, at which time the loan will term out with up to a 10-year amortization. The interest rate on the loan will be bought down by BND to 1% for a period of time, with a maximum buydown of $500,000. Business owners will access the program through their local lender. Unlike other PACE program offerings from BND, there is no community match required.

To qualify, North Dakota businesses must have been established before Feb.15, 2020 and loan applications must be received before Nov. 30, 2020.

To learn more about loan program specifics, visit

The North Dakota Opportunity Fund (NDOF) is offering a disaster assistance loan program for small businesses located in the consortium communities that are adversely impacted by the pandemic. Lewis & Clark Development Group administers the fund. Visit the Lewis & Clark Development Group website for more information.

This week, North Dakota launched a ND Smart Restart plan. Universal protocols and industry specific standards can be found on the website.

Upcoming Events:

Government Contracting Webinar: SBA Federal Certifications

Tuesday, May 5, 2020

Learn about federal certifications you may be eligible for. SBA will cover the 8(a) Business Development Program; Small Disadvantaged Business (SDB); Woman Owned Small Business (WOSB) and Economically Disadvantaged Woman Owned Small Business (EDWOSB) and the HUBZone certifications. You will learn about the certifications and how PTACs can help you with your application.


Business Builders Live: Using Data to Drive Business Growth

Tuesday, May 12, 2020

Learn best practices and analyze trends about how customers engage with your business online, then turn these insights into well-informed, actionable decisions.

In this session we’ll talk about:

  • Identifying  business goals and how you plan to use your online presence to achieve them
  • Incorporating data into your marketing plan
  • Selecting tools to help you find the answers you need


Dakota Business Lending ACTIVATE Women Webinar: Cutting Edge Marketing

Tuesday, May 12, 2020

Free and open to all women business owners.

Learn More

Minnesota Small and Disadvantaged Business Opportunity Council (SADBOC) Government Procurement Virtual Training Week

Virtual Workshops 
May 4 - 7, 2020, 9:00 a.m. to 3:00 p.m. CT

Virtual Matchmaking
May 8, 2020, 9:00 a.m. to 11:30 a.m. CT

Due to the COVID-19 Pandemic, the 21st Annual SADBOC Government Procurement Fair has become a week of virtual workshops and matchmaking. Registration is free, but required.

Workshop Information

Virtual Matchmaking Information