Start-Up Business Loans in Grand Forks, ND
Ignite your idea's rocket boosters with up to $500,000
+ $20,000 in free digital marketing services
Start Your New Business Right
The thrill of starting a new venture is second to none, but financial hurdles can bring it crashing down. A start-up business loan in Grand Forks, ND, and a solid team ensure your success has no limits.
No Collateral? No Problem!
No need to pledge your spaceship—our unsecured loans are designed to let you focus on launching, not stressing.
Terms up to 10 Years
From liftoff to cruising altitude, our repayment options stretch up to 10 years, giving your business room to grow.
Funding at Light Speed2
Need funds fast? We’ll deliver in record time—because the universe waits for no entrepreneur.
Grand Forks Business Loan Options
Your business deserves the best start. StartCap provides funding and expert solutions to help you succeed. Let’s launch together!
From idea to orbit, we've got you covered.
No matter where you're at in your journey, we have options to help you get to the next level.
Idea-Stage
Got a brilliant idea and ready to launch? We’ll help you get registered with your state and secure the funding you need to take off.
Early-Stage
Lifting off can be tough, but it doesn’t have to be. We’re here to give your new venture the boost it needs to soar.
Well-Established
Keep operations running seamlessly with the right funding for vendors, inventory, payroll—whatever your business needs to stay on course.
+ 3-Months of Free Digital Marketing
For a limited time, our expert in-house marketing team is offering 3 months of premium marketing services—valued at $20,000—to help drive leads and sales for your start-up, whether you're in Grand Forks or nationwide.
Here's a truck load of stuff to get kicked off
Find Start-Up Business Loans
Near Grand Forks, ND
From Grand Forks to the far reaches of Grand Forks County, StartCap is fueling business success. Explore the nearby cities we serve and let’s get started! From East Grand Forks to Bemidji and beyond, we've got you covered.
Start-Up Loan FAQ's
Grand Forks, nestled along the Red River and home to the University of North Dakota, presents unique challenges for entrepreneurs seeking start-up business funding. Securing initial capital in ND often feels like threading a needle through local financial landscapes that prioritize established businesses over fresh entrepreneurial ventures.
Traditional local lenders typically require extensive business plans, personal credit scores above 680, collateral, and significant personal investment before considering start-up loans. While challenging, alternatives exist through community banks and specialized financial resources that understand North Dakota's distinctive small business ecosystem.
Here are a few local suggestions:- First International Bank & Trust at DeMers Avenue & 32nd Street
- United Prairie Bank at Gateway Drive & Washington Street
- Gate City Bank near University Avenue & Columbia Road
- Choice Financial at South Washington Street & 17th Avenue
Interest rates for start-up business loans in Grand Forks, can vary widely based on the lender, loan type, and your personal credit profile. Traditional banks typically offer rates between 6% to 12% for well-qualified borrowers, though approval can be strict. SBA loans in Grand Forks, which are popular for new businesses, generally have rates ranging from 7% to 13%, depending on the loan program. Alternative and online lenders may have higher rates, often between 6% to 30%, as they take on more risk, offer more flexible requirements, and time to funding is much faster. Alternatively, many business & personal credit cards have introductory rates starting at 0% for up to 2 years.
No, not always—it depends on the type of loan you're applying for. Some funding options require business registration, while others focus on personal credit, income, or assets instead. If your business isn’t registered yet, don’t worry! We can either guide you through the registration process or explore funding alternatives that don’t require it.
Yes, Grand Forks, ND offers several startup grant opportunities for emerging businesses. Local entrepreneurs can access funding through the North Dakota Development Fund, which provides competitive grants to small businesses demonstrating economic potential and community impact within North Dakota.
Additional resources include the Grand Forks Economic Development Corporation's Small Business Assistance Program and the University of North Dakota's Innovation and Entrepreneurship initiatives. These local platforms offer financial support, mentorship, and strategic guidance for startups seeking initial capital investments in the region.
