Why choose DMF/IMPACT IRP: Borrowers in rural communities (population under 50,000) may benefit from a fixed‐rate loan with a term of up to 15 years to finance health and safety projects. Projects may include purchase of machinery or equipment, purchase of real estate, working capital and more. In addition to small businesses, any non‐profit entity, political subdivision, public body and special purpose district or authority in rural communities are also eligible.

Loan amounts: Up to $250,000

Down payment: Minimum 10%

Eligible projects:

• Businesses located in North Dakota or western Minnesota
• Health or safety-related projects including, but not limited to initiatives for medical clinics, veterinary clinics, dental, or vision clinics, health food stores fitness centers, ambulance or first responders, hospitals, and fire departments

Collateral and security: All loans shall be secured by the available assets of the borrower and its principals to the extent necessary to protect the interests of the lender.

Terms: Up to 15 years, generally matching the use of proceeds.

Rate: Fixed rate at the time the application is reviewed, depending on risk and length.