Gate City Bank is here to help business owners, like you. We want to make you aware of some programs that may be helpful during this unprecedented time in our economy.
Contact a member of our business lending team to learn more, ask questions or start the application process.
Bank of North Dakota Loan Program
Business loans are now available from the Bank of North Dakota, and our business lending team can assist you through the loan application process. The loan programs aid North Dakota based businesses impacted by COVID-19.
COVID-19 PACE Recovery (CPR) Program - Provides low interest loans to support North Dakota businesses in their economic recovery due to negative impacts from the COVID-19 pandemic. Application deadline: November 30, 2020.
Small Employer Loan Fund (SELF) - Provides loans to assist very small North Dakota businesses in their recovery from the negative impacts caused by the COVID-19 pandemic. There is $50 million allocated for the SELF program. Application deadline: November 30, 2020.
Small Business Association (SBA) Paycheck Protection Loan Forgiveness
The SBA Paycheck Protection Program is now closed, and loan forgiveness is available if your business meets certain criteria. Information on frequently asked questions is available on the SBA website.
If you are concerned with late payments, payroll or any financial issues, please reach out directly to us at 701-293-2400 or 800-423-3344, or contact the business lending team.