Small Business Financing Resources - SBA, North Dakota District Office. The intermediaries also provide management and technical assistance to help ensure success. The Lake Agassiz Regional Development Corporation has priority in administering the MicroLoan program in parts of North Dakota, including Cass, Steele, Traill, Ransom, Richland and Sargent counties. Loan Program is the SBA's primary loan program and includes a number of options, including LowDoc , and more.
All banks are eligible to participate.
However, Certified, Preferred and SBA Express Lenders are delegated partial or full authority to approve SBA loans, which results in a quicker turnaround on your loan application. Federal, state and private sector resources work together to offer integrated financial packages. The SBIR Program awards federal grants, on a competitive basis, to small businesses with innovative ideas that meet the specific research and development needs of participating federal agencies. However, it requires the small company competing for a research and development project to collaborate with a nonprofit research institution from the submission of the proposal to the completion of the designated effort. The SBA plans to issue Federal grant awards to qualified organizations to provide training and technical assistance to disadvantaged microentreprenuers.