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Grand Forks is North Dakota's third-largest city, anchored by the University of North Dakota (UND), Grand Forks Air Force Base, and a growing aerospace and drone technology sector. UND's world-renowned aviation program and the Northern Plains UAS Test Site have positioned Grand Forks as a national leader in unmanned aircraft systems (UAS) technology.
The city's downtown has experienced significant revitalization, with new restaurants, shops, and entertainment venues complementing the university community. SBA 7(a) and 504 loans help Grand Forks businesses capitalize on the city's aerospace growth, military spending, and university-driven demand.
Drone companies, UAS service providers, aviation suppliers, and aerospace startups near UND and the UAS test site. SBA 504 + 7(a) stacking up to $17M.
Grand Forks AFB contractors, defense suppliers, and military service businesses supporting the base's operations.
Medical practices, dental offices, and healthcare facilities serving the Grand Forks metro and greater northeastern North Dakota.
Downtown restaurants, bars, entertainment venues, and food service businesses serving UND students and the Grand Forks community. Up to $17M available.
Retail shops, franchise operations, auto services, and consumer businesses along Columbia Road and South Washington corridors.
Office buildings, retail spaces, mixed-use developments, and owner-occupied commercial property in Grand Forks. 10% down with SBA 504.
Grand Forks is anchored by the University of North Dakota, Grand Forks Air Force Base, and a national-leading drone and aerospace technology sector. UND's aviation program and the Northern Plains UAS Test Site drive innovation and business creation, while the military base provides stable economic impact. These anchor institutions create diverse SBA lending demand.
Pre-qualification through FundMySBA takes 90 seconds. Answer 4 simple questions about your Grand Forks business and funding needs, and we instantly match you with SBA-approved lenders who specialize in your industry. No credit check required for pre-qualification.
Most for-profit Grand Forks businesses qualify, including aerospace and drone companies, military contractors, healthcare providers, restaurants, retail shops, university-serving businesses, construction firms, and professional services. Grand Forks' diverse economy supports active SBA lending.
SBA 7(a) loans go up to $5 million for working capital, equipment, and business acquisitions. SBA 504 loans provide up to $5.5 million for commercial real estate and major equipment. Combined SBA financing can reach up to $17 million for larger projects. FundMySBA matches you with lenders offering the best terms for your specific needs.
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