Business Lending

Local business is the backbone of our communities. We are here to assist you as you look at starting or creating a business in our region. These resources serve as gap financing and are not intended to replace traditional funding. Learn more about the different funds below.

 

Questions pertaining to the loan programs can be directed to:
Teran Doerr, Executive Director
teran@rooseveltcuster.com
701.483.1241

Rural Impact Microloan

Your Southwest North Dakota resource to establish, enhance, or expand your business at any stage.

Badlands Fund

Your Southwest North Dakota resource for BND PACE and Flex PACE Programs.

Roosevelt Fund

Your Southwest North Dakota resource to support business, build resilient communities, increase economic diversity, and create and retain jobs.

Rural Impact Microloan

Your Southwest North Dakota resource to establish, enhance, or expand your business at any stage.

 

Standard Terms

  • $50,000 Loan Maximum
  • 10% Equity Encouraged
  • Per Loan Interest Rates Determined
  • Personal Guarantee Required
  • 5 – 25 Year Maximum Terms

 

Use of Funds

  • Equipment
  • Real Estate
  • Working Capital

Badlands Fund

Your Southwest North Dakota resource for BND PACE and Flex PACE Programs.

 

Standard Terms

  • $100,000 Loan Maximum
  • 3 Year Buy Down Period
  • 3%+ Starting Interest Rate
  • Personal Guarantee Required
  • 5-10 Year Maximum Terms

 

Use of Funds

  • Business start-up and expansions
  • New or expanding childcare facilities
  • New, affordable multi-family housing
  • Purchase of real estate
  • Property improvements
  • Equipment and creating working capital

Roosevelt Fund

Your Southwest North Dakota resource to support business, build resilient communities, increase economic diversity, and create and retain jobs.

 

Standard Terms

  • $400,000 Loan Maximum
  • 10% Equity Requirement
  • Per Loan Interest Rates Determined
  • Personal Guarantee Required
  • 5-25 Year Maximum Terms

 

Use of Funds

  • Business start-up, expansions, acquisitions, construction, and refinancing
  • Purchase of real estate
  • Equipment
  • Working capital

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