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  • Business Financing
    • Revolving Loan Fund
  • CDGB Program
  • About
    • Who We Are
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    • Board of Directors
  • Contact Us
  • More
    • Home
    • CEDS
    • Services
    • Business Financing
      • Revolving Loan Fund
    • CDGB Program
    • About
      • Who We Are
      • Employment Opportunities
      • Board of Directors
    • Contact Us
  • Home
  • CEDS
  • Services
  • Business Financing
    • Revolving Loan Fund
  • CDGB Program
  • About
    • Who We Are
    • Employment Opportunities
    • Board of Directors
  • Contact Us

Revolving Loan Fund

The Tri-County RDC is a gap financing resource established to promote start-ups, economic growth, development and diversification. This program is eligible for any business/individual located within Williams, McKenzie, and Divide counties.


Funding Guidelines

 

  • $5,000 - $30,000 loans
  • Preferred 10% equity goal 
  • Interest rate between 4% - 5%
  • Duration typically 5 - 7 years
  • Requires participation from a bank/lending institution also
  • Secured with fixed assets or reasonable collateral


Eligible Projects

 

  • Acquisition, expansion, start-ups, and retention projects
  • Used to finance fixed assets, inventory, working capital, loan guarantees, renovation, etc.
  • Used in areas of manufacturing, retail, service, tourism, etc.


Finance Purposes

 

  • Start-ups
  • Expanding businesses
  • Commercial activities
  • Industrial activities


Tri-County Regional Development Council
113 4th Street East Suite 101

PO Box 697
Williston, ND 58802
(701) 577-1358 

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