COVID-19 Pace Recovery Program

Burgum Announces Small Employer Loan Fund

The governor wants to secure long term, low interest loans.

NORTH DAKOTA – The Small Employer Loan Fund will create a $50 million fund to assist small businesses in North Dakota who have 10 full-time employees or fewer. The COVID-19 Pace Recovery Program will provide loans of up to $5 million dollars for businesses with 500 or fewer employees and $10 million for businesses with more than 500. “The real…