The North Dakota Department of Commerce announced Oct. 27 that the North Dakota Development Fund approved $6.3 million in financing for four businesses during the third quarter of 2026. The announcement said the loans support business expansion, facility development and working capital needs.
The fund approved a $925,000 loan to Bismarck-based S & D Holdings LLC to purchase a child care facility, according to the department. The other approved loans went to businesses in Grand Forks and Fargo, the announcement said.
The department said Grand Forks-based Vertical Malt LLC received $325,000 for working capital connected to the company’s relocation to and expansion in North Dakota.
The four projects have approximately $102.3 million in combined costs, with $6.3 million approved through the fund, the department said. The announcement said the North Dakota Development Fund was established in 1991 and provides loans and equity investments to qualifying businesses. Information about the fund and financing opportunities is available at commerce.nd.gov, according to the department.
