Important COVID-19 Business Updates
The Director's Digest
The Community Promotions Office has been working hard to keep Adams County businesses informed on the latest regulations and relief options related to COVID-19. In this email, you will find the latest updates, including new information regarding the Paycheck Protection Program, the SBA Economic Injury Disaster Loans, new Bank of North Dakota relief programs, and new guidance and support for agricultural producers.

As always, please don't hesitate to contact us with any questions you may have regarding these programs.We're happy to support you as you navigate the ever-changing business landscape.

In addition, we encourage you to contact our local Small Business Development Center representative, Laura Weber (701.523.5880 or, or your local lender for support regarding financial relief programs.
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paycheck protection program

Additional Aid for Small-Business Loan Programs Now Available: PPP Applications Re-Opened

Joint Statement by SBA Administrator Jovita Carranza and Treasury Secretary Steven T. Mnuchin on the Resumption of the Paycheck Protection Program - Released 4.24.2020

WASHINGTON – Administrator of the U.S. Small Business Administration Jovita Carranza and U.S. Treasury Secretary Steven T. Mnuchin issued the following statement today on the resumption of the Payroll Protection Program (PPP):
“We are pleased that President Trump has signed into law the Paycheck Protection Program and Health Care Enhancement Act, which provides critical additional funding for American workers and small businesses affected by the coronavirus pandemic.  We want to thank Leader McConnell, Leader Schumer, Speaker Pelosi, and Leader McCarthy for working with us on a bipartisan basis to ensure that the Paycheck Protection Program is funded so that small businesses can keep hardworking Americans on the payroll.
“The Small Business Administration will resume accepting PPP loan applications on Monday, April 27 at 10:30AM EDT from approved lenders on behalf of any eligible borrower.  This will ensure that SBA has properly coded the system to account for changes made by the legislation.
“The PPP has supported more than 1.66 million small businesses and protected over 30 million jobs for hardworking Americans.  With the additional funds appropriated by Congress, tens of millions of additional workers will benefit from this critical relief.
“We encourage all approved lenders to process loan applications previously submitted by eligible borrowers and disburse funds expeditiously.  All eligible borrowers who need these funds should work with an approved lender to apply.  Borrowers should carefully review PPP regulations and guidance and the certifications required to obtain a loan.
“The Trump Administration is fully committed to ensuring that America‘s workers and small businesses continue to get the resources they need to get through this challenging time.”
If you have not secured Paycheck Protection Program funding for you business, and you intend to apply, we encourage you to contact your lender today to begin the application process. It is anticipated that this funding will run out once again.
PPP Borrower Application Form
Paycheck Protection Program




SBA Economic Injury Disaster Loans

With the additional funding provided by the new COVID-19 relief package, SBA will resume processing EIDL Loan and Advance applications that are already in the queue on a first come, first-served basis.

We will provide further information on the availability of the EIDL portal to receive new applications (including those from agricultural enterprises) as soon as possible.
EIDL Vs. PPP Program Comparison
EIDL Emergency Advance




support for agricultural producers

Economic Injury Disaster Loans for Agriculture

An amendment to the Economic Injury Disaster Loan program now allows agricultural businesses with fewer than 500 employees to participate in this program. Go to the SBA website to find out how to apply.

Coronavirus Food Assistance Program (CFAP)

Coronavirus Food Assistance Program has $19 billion to support farmers and ranchers during COVID-19. Of this amount, $9.6 Billion is allocated for the livestock industry and $5.1 billion of the livestock industry funds are specifically for the cattle industry.
More Information




bank of north dakota programs

Industrial Commission Authorizes Bank of ND Programs to Assist Businesses in Pandemic Recovery Efforts 4.24.2020

The North Dakota Industrial Commission today authorized the Bank of North Dakota (BND) to provide two financing programs to assist North Dakota businesses in obtaining long-term, low-interest loans to assist in the state‘s economic recovery from the COVID-19 pandemic. The loan programs will help both small and large businesses to secure working capital and replenish inventory. The programs will be effective Wednesday, April 29, 2020.   

“We understand and empathize with the challenging situation facing our business community. The Bank of North Dakota makes our state uniquely positioned to provide much-needed assistance as federal programs are exhausted,” said the Industrial Commission, which consists of Gov. Doug Burgum as chairman, Attorney General Wayne Stenehjem and Agriculture Commissioner Doug Goehring, in a joint statement. “Long-term financing at low interest rates will help stabilize the economy, provide working capital to main street businesses and ensure our state emerges successfully from this unprecedented crisis.”

The Small Employer Loan Fund (SELF) will provide a loan of up to $50,000 to small businesses with a full-time employee equivalent (FTE) of 10 employees or less. These loans may be used for working capital, recurring expenses and replenishing inventory. Business owners will work with their local lender to access the program. The loan has a maximum term of 10 years and a fixed interest rate of 1%, with deferral of loan payments for up to six months.

The COVID-19 PACE Recovery Program (CPRP) will provide a loan of up to $5 million for businesses of less than 500 employees and a loan of up to $10 million for businesses with more than 500 employees. Loan payments may be deferred for up to six months, at which time the loan will term out with up to a 10-year amortization. The interest rate on the loan will be bought down by BND to 1% for a period of time, with a maximum buydown of $500,000. Business owners will access the program through their local lender. Unlike other PACE program offerings from BND, there is no community match required.

To qualify, North Dakota businesses must have been established before Feb.15, 2020 and loan applications must be received before Nov. 30, 2020.

BND staff assessed the federal program options and visited with stakeholders as it developed the program parameters.

“The financial institutions in North Dakota deserve the appreciation of our state‘s residents. They have gone above and beyond to assist their communities during this time,” BND President Eric Hardmeyer said. “Because of their partnership, we are able to provide these loans in a timely manner so businesses can be open as soon as it is considered safe.”

Through a combination of the Coronavirus Relief Fund and the Bank of North Dakota‘s accumulated and undivided profits, the Industrial Commission will make $200 million available for interest buydown and $50 million for low-interest loans.  The buydown will be leveraged to provide up to $2 billion in low interest loans.   
The Bank‘s mission “to support agriculture, commerce and industry” has not changed since its earliest days in 1919. The only state-owned bank in the nation, the Bank of North Dakota is overseen by the Industrial Commission.

To learn more about loan program specifics, visit
Bank of ND
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Jasmin Fosheim
Executive Director

McKenzie Stippich
Community Promotions Office Coordinator

Hettinger Chamber of Commerce
This institution is an equal opportunity provider. 

Adams County Development Corporation
This institution is an equal opportunity provider. 

Call: 701-567-2531
Stop In: 120 S. Main St., Hettinger, ND