In support of our small business members, Dakota West is working with the Small Business Administration (SBA) to assist you in navigating the SBA Paycheck Protection Program (PPP) as part of the CARES Act during this economic impact of the COVID-19 virus.
For many businesses, the first step is reaching out to your Dakota West Loan Officer. To find out more about the various financial resources available to businesses, you may link directly to the North Dakota Business and Employer Resources page.
Determining which loan process would best fit your business’ or non-profit organization’s needs may depend on what expenses you need to cover. In addition to the PPP, many small businesses are also eligible for the Small Business Disaster Relief Program/Economic Injury Disaster Loan (EIDL).
The state of North Dakota developed a useful, side-by-side comparison of the PPP and EIDL programs to help determine which program best fits your needs. Businesses may be eligible for both programs.
Here in North Dakota, the ND Response website offers useful information for businesses and individuals who want to learn more about issues from insurance to day care, from tribal resources to ways you can help others. Our members may also find answers to many Frequently Asked Questions through the North Dakota resource website.
To begin the loan application process, visit the Small Business Administration website. Please explore these resources at all phases of the application process as more information continues to become available, and to help you in gathering all the materials you and your loan officer will need. We value the trust you place in us, especially during these new and unusual circumstances.
- Brent Fix – Bowman – 701.444.7304
- Dennis Keller – Watford City – 701.444.7372
- Lindsey Sorenson – Grenora – 701.444.7312
- Melissa Hagen – Mohall – 701.444.7317
- Todd Erickson – Washburn – 701.444.7347
- Todd Hickel – New England – 701.444.7325
- Todd Johnson – Watford City – 701.444.7395