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