The Pembina County Job Development Authority can offer direct loans in the form of gap financing and can also assist with interest rate buy downs through the Bank of North Dakota’s PACE and Flex PACE programs. In addition, the JDA can provide funding assistance for feasibility studies that could lead to business development in the county. For more information about the programs provided by the JDA, please call 701-352-3550 or find us on the RRRC website.
The Red River Regional Council administers three revolving loan funds available to growing businesses that are creating or retaining jobs in Pembina, Walsh, Nelson and Grand Forks counties. These loan funds include the Community Development Loan Fund, Red River Revolving Loan Fund and Progress Fund. These loan funds are gap financing programs, designed to fill the gap when equity and commercial lending are unable to complete the loan package. For more information about these loan funds, please call 701-352-3550. We are also on Facebook.