| BUSINESS AND INDUSTRIAL (B&I) GUARANTEED LOANS THROUGH THE RURAL BUSINESS COOPERATIVE SERVICE |
| Purpose: |
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To improve, develop or finance business, industry and employment in rural communities. This is achieved through existing private credit structure by a guarantee of quality loans which will provide lasting community benefits. It is not intended that the guarantee authority will be used for marginal or substandard loans or to "bail out" lenders having such loans. Available statewide except Bismarck, Mandan, Fargo and West Fargo.
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| INTERMEDIARY RELENDING PROGRAM LOANS |
| Purpose: |
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To finance business facilities and community development projects of cities having a population up to 25,000. This is achieved through loans made by Rural Development to intermediaries that provide loans to ultimate recipients for business facilities and community development projects in rural areas.
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| RURAL BUSINESS ENTERPRISE GRANTS |
| Purpose: |
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To assist public bodies and nonprofit corporations to finance and facilitate development of small and emerging private business enterprises located in areas outside the boundary of a city of 50,000 or more according to the 2000 census and its immediately adjacent urbanized area.
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| RENEWABLE ENERGY SYSTEMS & ENERGY EFFICIENCY IMPROVEMENT GRANTS & LOAN GUARANTEE |
| Purpose: |
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Borrowers can be an individual or a rural small business. The minimum grant is $10,000, the maximum renewable energy grant is $500,000, the maximum energy efficiency improvement grant is $250,000 and the maximum guaranteed loan is $10,000,000. The grant program requires a 75 percent minimum applicant match. Funds can be used for purchasing equipment, construction energy audits, feasibility studies, business plans permits/professional services. Available statewide except Bismarck, Mandan, Fargo and West Fargo.
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| RURAL BUSINESS OPPORTUNITY GRANTS |
| Purpose: |
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To assist public bodies, nonprofit corporations, Indian Tribes, and cooperatives to provide technical assistance for business development and conduct economic development planning in rural areas. Available statewide except Bismarck, Mandan, Fargo and West Fargo.
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| VALUE ADDED PRODUCER GRANT |
| Purpose: |
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To provide funding to independent agricultural producers entering into value-added activities. Funding can be provided for feasibility studies, business and marketing plans or working capital. Working capital can only be advanced provided an acceptable feasibility study has been completed. Applications are received based on the Notice of Solicitation for Applications (NOSA) as published annually in the Federal Register. A matching non-federal share at least equal to the grant is required.
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| WATER AND WASTE DISPOSAL LOANS |
| Purpose: |
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To develop water and waste disposal (includes solid waste disposal and storm drainage) systems in rural areas and towns with a population not in excess of 10,000. The funds are available to public entities such as municipalities, counties, special-purpose districts, Indian Tribes, and corporations not operated for profit. Rural Development also guarantees water and waste disposal loans made by banks and other eligible lenders.
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| WATER AND WASTE DISPOSAL GRANTS |
| Purpose: |
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To reduce water and waste disposal costs to a reasonable level for rural users. Grants may be made up to 75 percent of eligible project costs in some cases. The same types of applicants are eligible as for loan.
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| CONTACT: |
| RURAL DEVELOPMENT PROGRAM DIRECTOR |
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Dale Van Eckhout
Business & Community Programs
Federal Building, Room 211
220 East Rosser Avenue
PO Box 1737
Bismarck, ND 58502-1737
TTY: 701-530-2113
701-530-2065
Fax: 701-530-2111
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| RURAL ECONOMIC DEVELOPMENT LOAN AND GRANT PROGRAM: |
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Rural electric and telephone cooperatives can receive funds from USDA Rural Development and re-loan it for rural development purposes. Economic development projects and community based projects are eligible.
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| WHO QUALIFIES: |
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Cooperatives, corporations, associations, sole proprietorships or partnerships.
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| HOW ARE FUNDS USED? |
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Fixed asset financing or working capital.
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| HOW IS TECHNICAL ASSISTANCE AVAILABLE? |
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Through the individual cooperatives or through the ND Association of Rural Electric or Telephone Cooperatives.
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| WHAT ARE THE TERMS? |
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Maximum repayment of 10 years at zero interest. Maximums per application are determined each fiscal year.
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| HOW TO APPLY: |
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Contact the manager of a telephone or rural electric cooperative. Send a formal letter of request and submit a business plan.
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| WHEN TO APPLY: |
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Applications may be submitted the 1st to the 14th of each month. Applicants should contact REC/RTC managers at least 30 days prior to their monthly board meetings.
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| CONTACT: |
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Your local rural electric or telephone cooperative.
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| ADDITIONAL CONTACTS: |
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Tim Wanner, Loan Specialist Realty
220 East Rosser Avenue, Room 334
Bismarck, ND 58501
701-250-3905 or 800-582-7584, Ext. 6
Fax: 701-530-2111
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Steven Lervik, Rural Development Area Director
2493 4th Avenue West, Room B
Dickinson, ND 58601-2623
701-225-9168 or 1-800-688-2251 Ext. 4
Fax: 701-225-1353
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Rollin Brossart, Rural Development Assistant Area Director
1920 13th Street SE
Minot, ND 58701-6700
701-852-1754 or 1-800-765-9476 Ext. 4
Fax: 701-839-3624
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William Schafer, Rural Development Area Director
706 8th Avenue SE, Suite 5
Devils Lake, ND 58301-3749
701-662-8634 or 1-800-688-2279 Ext. 4
Fax: 701-662-1227
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Mark Schlenvogt, Rural Development Assistant Area Director
575 10th Street SW, Suite 4
Valley City, ND 58072-3906
701-845-5150, Ext. 4 or 1-800-688-2293
Fax: 701-845-3177
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Laurie Garbel, Rural Development Technician
1106 2nd Street West
Williston, ND 58801-5804
701-572-4597 Ext. 4 or 800-688-2308 Ext. 4
Fax: 701-572-0482
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| Minnesota Contact: |
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Kathy Coyle
USDA Rural Development
809 8th Street SE
Detroit Lakes, MN 56501
218-847-9392 Ext. 4
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