Small Business Administration

North Dakota Leaders Discuss Emergency Business Financing

As coronavirus cases continue to rise, small business owners continue to take a hit

FARGO, N.D. — From complete closures to adjusting distribution methods, small business owners in North Dakota have had to deal with a new way of life. “There is 73,000 small businesses in North Dakota. There’s 30 million small businesses across the country. All of them have been impacted by this coronavirus,” says Small Business Administration District Director Al Haut. As…

ND Dept. of Commerce Encourages Businesses to Prepare for SBA Disaster Loan Application

The SBA will provide up to $2 million per company in low-interest loans.

BISMARCK, N.D.–The North Dakota Department of Commerce is encouraging businesses experiencing financial strain due to the novel coronavirus to begin preparing for a Small Business Administration Disaster Loan application. The Small Business Administration announced the availability of $7 billion to assist small businesses on March 12. The SBA says it will provide up to $2 million per company in low-interest…

Small Business Administration Brings Federal Agencies to Local Entrepreneurs

The Small Business Innovation Research tour goes across the country

FARGO, N.D. — Small businesses may have a hard time getting funding for projects. The Small Business Administration brought resources to about 75 entrepreneurs in Fargo. The Small Business Innovation Research tour brings representatives from over a dozen federal agencies like the Department of Energy and National Science Foundation to cities across the country. Each agency has grant money set aside…

Small Businesses in the Spotlight for Small Business Week

The SBA says it's a great time to start a business

FARGO, N.D. — Small businesses are the backbone of the economy, and National Small Business Week highlights their impact. Amber Sander opened the Fargo location of Boots and Heels a year ago, after starting the original  location in Devils Lake in 2011. She says the process is far from smooth. “Today we didn’t have power for a while. The great thing about…

Head of Small Business Administration Visits Small Businesses in Fargo

Linda McMahon talked about intellectual property, technology to assist in innovation

FARGO, N.D. — With visits to 49 states under her belt, Linda McMahon says getting to meet more than 8,000 small business owners is the best part of her job. “I’ve toured many small businesses, and I want to hear what’s working for them, what’s not working for them, and how can we help them be more effective and efficient, how…