Medium

The NDDF provides flexible gap financing to new or expanding primary sector businesses in North Dakota. Funds are available through direct loans, participation loans, subordinated debt and equity investments.

Use of funds: The NDDF funds may be used to provide working capital or to finance the purchase of fixed assets, but not to refinance existing debt. Funds may be used to purchase real property and equipment, expand existing facilities, provide working capital, and purchase inventory.

Debt: Equity:
BORROWERAny primary sector business BORROWERAny primary sector business 
FUNDING LIMITUp to $3,000,000 
Average Loan: $300,000
 FUNDING LIMITUp to $3,000,000
Average convertible note: $250,000
INTEREST RATESubject to risk of project RATE OF RETURN

In cases of a preferred security or convertible note: Interest/Dividend Rate: Subject to risk of project

TERM1-10 years, dependent upon project TERM1-10 years, dependent upon project
MINIMUM EQUITY
REQUIREMENT
15% MINIMUM EQUITY REQUIREMENT15%
PERSONAL/CORPORATE
GUARANTEES
Yes PERSONAL/CORPORATE GUARANTEESNo
COST AND FEES1% of capital deployed plus any legal fees incurred by NDDF. COST AND FEES1% of original loan or equity balance plus any legal fees incurred by NDDF.


Applications are reviewed on a first come, first-serve basis. Applications and supporting information should be submitted via email to hlange@nd.gov

For question regarding the NDDF, please contact Jessica Tooke, 701-328-5310.

NDDF Application

Application Guide

FAQ

Accountability Information Release - NDDF

 

Additional Resources:

Vault North Dakota

SEC.gov - Small Business Capital Raising

Small Business Development Center

Medium

NDDF Ag-Tech Portfolio

701x

Loyalty Builders

Additional Portfolios:

Satshot

Harvest Fuel, Inc.

Midway Seed, LLC

O'Brien See, Inc.

Medium

NDDF Aviation Portfolio

AirtonomyMobile Recon Systems
Medium

NDDF Bio Tech and Life Science Portfolio

 

Checkable

CorventH-Cyte
Medium

NDDF Energy Portfolio

Red Trail Energy

Additional Portfolios:

Triple 8 LLC

Medium

NDDF Manufacturing Portfolio

BWR Innovationsc2 RenewDog ID'sEpic Welding
Good BulbKMC EnterprisesKrampadeMain Saver North
ParagonSkid LiftWalkeWise 

 

Additional Portfolios:

McStash Mills

Medium

NDDF Other Technology Portfolio

 

Avenue Right

 

Be More Colorful

Botlink

 

CoSchedule

 

DataCom

 

Energy Media Group

 

Landtrust

 

LUCIT

 

OmniByte

 

Packet Digital

 

Pedigree Technology

Relocator
RJ Energy SolutionsSafety SpectSkyScopesDEVII
Koble

 

Vigilant AerospaceZulaFlyFarm QA

Additional Portfolios:

Buzz360, LLC

Premier Refinery, LLC

Data.com Intl., Inc

Hazelton Ind Dev Corp

International Market Plaza, LLC

Ringside LLC

Medium

NDDF Value-Added Ag Portfolio

Proof Artisan DistillersSnack ShackFrench Taste